Latest Posts

ED said to probe crypto exchange Binance’s role in betting

India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not to be identified as the matter…

Crypto exchange Binance to wind down derivatives in Europe

Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe, the latest move by the platform as pressure grows from regulators across the world. With immediate effect, Binance users in Germany, Italy and the Netherlands would be unable to open new futures or derivatives products accounts,…

Crypto startup Vauld raises $25 mn in round led by Peter Thiel

Vauld, the cryptocurrency-based financial products platform, has received an investment of $25 million in Series A funding, led by Peter Thiel-backed Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also participated in the round. The funding will be used to support the company’s international growth and licensing as…

Biconomy raises $ 9mn in pvt funding round led by DACM, Mechanism

Biconomy, a blockchain transaction platform with Indian founders, announced on Thursday that it has raised $9 million in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, and Capital Partners. The fundraise…

Bitcoin tops $40,000 as traders get boost from high-profile inves

Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its monthslong range as short sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors. Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is within a…

Bitcoin falls below $37,000 after Amazon’s denial; Ether, L

Bitcoin fell below $37,000 after briefly surpassing $40,000 following Amazon.com’s denial that its job posting for a digital currency executive meant that it will accept the token for payments this year. It later recovered to over $38,000. Earlier Monday, the job posting from the retail giant seeking an executive to develop the company’s “digital currency…