TRM Labs Raises $70M In Expanded Series B Round
The expansion round, which TRM labs raised an additional $130 million, was spearheaded by the private equity company Thoma Bravo. TRM Labs, a blockchain-based intelligence firm, revealed on Nov. 9 that it has increased the size of its Series B investment round by $70 million, bringing the total raised to $130 million. Thoma Bravo, a […]
United Kingdom banks are a Threat to Crypto
Banks in the UK try to stop both businesses and people from investing in cryptocurrency. The problem should be fixed by the government. In 2018, the Financial Conduct Authority (FCA) of the United Kingdom wrote to the heads of the country’s biggest high-street banks to stress the importance of doing due diligence when doing business […]
Former Bithumb chairman could face an 8-year prison sentence
If found guilty the former chairman of South Korean crypto exchange Bithumb could be sentenced to jail for a maximum of eight years over the alleged $70m fraud. According to a report from Yonhap News Agency, local prosecutors sought the Seoul District Court for the Bithumb sentence on October 25, and the sentencing hearing will […]
SBF Leaked Crypto Draft Implicates DeFi
Sam Bankman-Fried (SBF) was criticized last week when a leaked draft of crypto legislation showed a controversial clause that would put a lot of restrictions on DeFi. The first big news from the leaked draft is the idea that crypto should be regulated by the Commodity Futures Trading Commission (CFTC) instead of the Securities and […]
Mastercard releases new tool to prevent cryptocurrency fraud
The latest offering from Mastercard enables financial institutions to identify and stop fraud on its network’s crypto merchant platforms. On October 3, the financial services company Mastercard introduced a brand-new crypto solution pertaining to risk administration. The goal of Mastercard’s new service, Crypto Secure, is to assist banks in identifying and preventing fraud on platforms […]