Bitvavo rejects DCG’s 70% repayment proposal
Bitvavo, said that it has rejected Digital Currency Group’s (DCG) proposal to repay 70 per cent of Genesis Trading’s debt. On January 11, Bitvavo formally disclosed that the company had received a counteroffer from DCG that offered to pay back roughly 70% of the outstanding balance over a period that Bitvavo could accept. The remaining […]
Venom Foundation launches $1B fund for Web3 and blockchain
Venom Ventures Fund is allocating $1 billion to invest in Web3, blockchain and cryptocurrency projects and services. Venom Foundation, an Abu Dhabi-based blockchain platform , and Iceberg Capital, an investment manager, announced a new agreement in which they will distribute $1 billion in funding to Web3 and blockchain companies. The Venom Ventures Fund will invest […]
Binance Secures Regulatory Approval In Sweden
The Swedish Financial Supervisory Authority, has granted the crypto exchange Binance approval to manage and trade digital currencies. The local branch of cryptocurrency exchange Binance has received authorization from the Swedish Financial Supervisory Authority, one of the nation’s financial regulatory bodies, to maintain and trade digital currencies. In a Jan. 11 press release, Binance stated […]
Crypto insider-trading case on Coinbase gets 10 month sentence
Nikhil Wahi, the brother of a former Coinbase product manager has been sentenced to 10 months in jail on charges of crypto. The brother of a former product manager at Coinbase Global Inc. was convicted of participating in a scheme to profit from inside information about when the cryptocurrency exchange would approve new crypto tokens […]
Ripple Exec: Increased Crypto Acquisitions By TradFi In 2023
Ripple (XPR) executive predicts that crypto acquisitions will strengthen the industry in 2023, despite major collapses like FTX. According to a top executive at Ripple, the cryptocurrency market will experience more consolidation in 2023 as stronger corporations buy more cryptocurrency and blockchain startups. On January 9, Sendi Young, the managing director for Europe at Ripple, […]