Turkey’s Investing App Midas Raises $45m to Double Down on Crypto
Midas, a Turkish fintech startup, announced a $45 million Series A fundraise, the largest ever for the Turkish fintech company. Midas, Turkey’s retail investing app, announced in a press release that it had secured $45 million from investors to increase its products, especially in cryptocurrency trading. Portage of Canada spearheaded the Series A fundraising round, […]
Swiss Central Bank Urged to Add Bitcoin to Balance Sheet
A new effort led by several Swiss Bitcoin supporters aims to use a constitutional referendum to force the Swiss National Bank to add Bitcoin (BTC) to its holdings. The initiative’s driving force, the non-profit think tank 2B4CH, is led by Yves Bennaïm, who argues that adding Bitcoin to the central bank’s reserves is essential to […]
BRICS Weighs in on Using Stablecoins in Settlements
According to a Russian official, BRICS countries are looking into stablecoin payments and a platform for conducting CBDC payments to improve financial cooperation. As the BRICS alliance has already established a unique communication route between central banks, stablecoins may serve as a vehicle for international settlements amongst its members. Ryabkov said that the BRICS countries […]
Thailand Moves to Block Crypto Websites to Combat Online Crime
Thai authorities have decided to block unauthorized cryptocurrency platforms to enhance law enforcement efforts against online crime. In order to block access to the platforms, Thailand’s Securities and Exchange Commission (SEC) was instructed to provide the Ministry of Digital Economy and Society with information regarding unlicensed digital asset service providers after a meeting of the […]
Mt. Gox Creditors Reveal Payment Update on Claims System
Creditors of Mt. Gox receive updates on reimbursement status for both currency and Bitcoin claims from the trustee. The manager has added precise repayment amounts and completion dates to its claims accounts, according to the Mt. Gox subreddit. Those anticipating payment stated that details regarding Bitcoin (BTC), Bitcoin Cash (BCH), and fiat rewards had been […]