Amber Group acquires cryptocurrency platform Sparrow exchange
Amber Group has acquired fellow Singaporean crypto bourse Sparrow, in the midst of ongoing concerns about the former’s financial health. According to a Dec. 14 release, the cryptocurrency trading business Amber Group, which had about 10% of its trading money locked on FTX at the time of the exchange’s collapse, has bought the Singaporean cryptocurrency […]
Jewel, Bermuda-based bank, to launch stablecoins on Polygon
Jewel Bank in Bermuda, has formed a partnership with the technology firm Polygon to launch a stablecoin backed by U.S. dollars. According to Jewel Bank founder and chairman Chance Barnett, institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin pegged exactly to the US dollar. The first stablecoin to be […]
A16z leads $100 million raise for web3 privacy firm Aztec Network
The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. A16z Crypto, a venture capital firm, announced a $100 million Series B investment round for the exclusive layer-2 chain Aztec Network on December 15. A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and […]
Microsoft Bans Crypto Mining On Cloud Services
Microsoft now requires users to obtain a written pre-approval from the firm in order to use Microsoft Azure for mining cryptocurrencies. Microsoft, a leader in cloud computing, is taking action to improve the stability of its cloud services by imposing additional limitations on activities like cryptocurrency mining. According to a Dec. 15 story from the […]
Hong Kong crypto futures ETFs raise over $70M ahead of debut
The CSOP Bitcoin Futures ETF has raked in $53.8 million, while the CSOP Ether Futures ETF has collected $19.7 million in initial investments. Before their Dec. 16 registration on the Hong Kong Stock Exchange, cryptocurrency futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments. In an announcement, the ETF […]