Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CoinDesk. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team.
In the suit, ConsenSys said that it allowed Gupta to resign instead of firing her and “offered to allow Gupta to keep the compensation paid and accrued during her short tenure,” but that Gupta had rejected the offer – instead demanding that ConsenSys “pay her millions of dollars” to buy out a “purported equity interest” […]
On Thursday, the NEAR Foundation announced the close of a $150 million funding round. Su Zhu’s Three Arrows Capital led the raise, with participation from major crypto-focused funds including Mechanism Capital, Dragonfly Capital, Andreessen Horowitz (a16z), Jump, Alameda, Zee Prime and Amber Group, among others.
If 2020 was the year Bitcoin and Ethereum were adopted by the mainstream, Bloomberg’s Mike McGlone predicts 2021 will be the year they found a home in traditional investment portfolios. Indeed, the sentiments of family offices towards crypto have changed. Many HNWI, investing via family offices / other investments trusts and funds, are open to some form […]
The Russian central bank is looking to ban cryptocurrency investments in the country, according to a Reuters report. The central bank is in discussions with market players regarding a possible ban. If approved by lawmakers, the ban would only apply to new purchases of crypto assets not to past purchases, the report added. Russia has […]
Venture accelerator Brinc closed a $130 million funding round, led by NFT and metaverse investor Animoca Brands. Brinc closed a $30 million Series B and a further $100 million for startup investments, the company said. The funds will be used to aid Brinc’s expansion into new locations and Web 3, which includes blockchain-focused programs in […]
A group of the largest Asia-based venture capital firms and crypto hedge funds are headlining a $100 million investment to further the development of the Assembly blockchain under the IOTA network, IOTA cofounder Dominik Schiener told Reuters in an interview.
South Korean crypto investment firm Hashed is being investigated by Seoul tax authorities, CoinDesk Korea reported on Tuesday. The 4th Bureau of Investigation of Seoul’s Regional Tax office, which is handling Hashed’s case, is responsible for cases of tax evasion and fraud, according to the report. The reason for the audit hasn’t been disclosed. No […]
“There’s a ton of really cool tools out there that you can do across all kinds of neat platforms. But the reality is that 95% of that stuff, including just the basic crypto exchanges, is still too complicated for the average person. Because while they make buying crypto easy, there’s still the elephant in the […]
Ritholtz’s chief investment officer, Barry Ritholtz, told CoinDesk that clients have become increasingly intrigued by bitcoin and other cryptocurrencies. Beyond ETFs and mutual funds, he said that “this is going to be the next best thing for RIA [registered investment advisor] clients and RIAs who want to get exposure to the space.”