Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on Sept. 20. Ignatova remains at large. Greenwood, a citizen of the United Kingdom and Sweden, was sentenced in the U.S. Southern District Court of New York. According to the […]
Octav, a DeFi labeling and tax reconciliation platform, has raised $2.65 million in seed funding to help label the DeFi ecosystem and become the “QuickBooks of crypto.” The platform is led by Mathieu Baril and Luc Blackburn, both of whom have worked at companies like Zapper, Accedian Network and Otodata. Octav boasts a variety of […]
CoinEx, a cryptocurrency exchange with a daily trading volume of $32 million, has recently experienced substantial withdrawals from its hot wallets. According to CyversAlerts, approximately $18 million worth of assets have been transferred from three hot wallets. This has caused alarm in the crypto community, as Ethereum wallets have seen a significant depletion.The exchange has […]
Franklin Templeton, a prominent asset management firm with $1.5 trillion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) seeking approval for the launch of a Bitcoin exchange-traded fund (ETF). This move follows a series of notable developments in the cryptocurrency ETF space, including a court ruling […]
Octav is a data analytics platform that simplifies Decentralized Finance (DeFi) investments for traders, tax professionals, and liquid asset management firms. The platform provides users with a pre-tax facilitator for cost-basis, profit & loss, and more.Octav recently raised a $2.65 million seed to help label the DeFi ecosystem and be the “Quickbooks of crypto.” The […]
Bitget, a crypto trading business, has announced the launch of the EmpowerX Fund, a $100 million pot to invest in exchanges, data analytics firms and media organizations. The fund follows just months after Bitget set aside $100 million to target Web3 startups in Asian countries.The firm expects tightened regulations and growth of layer-2 blockchain networks […]
Bitcoin has recently surged past the $26,000 mark, sparking a flurry of trading activity and resulting in disruptions worth $100 million. The surge in Bitcoin’s value has been attributed to a number of factors, including increased institutional investment, a weakening US dollar, and a growing demand for digital assets. The surge in Bitcoin’s value has […]
TOKEN2049, Asia’s premier Web3 and crypto conference, is set to welcome a full house of tech pioneers, investors, policymakers, and industry shakers from across the globe at the iconic Marina Bay Sands from 13-14 September 2023. With over 10,000 attendees, 300+ exhibitors and 400+ side events, it is the industry’s biggest international gathering of the […]
Bitget, a top crypto derivatives and copy trading platform, has released its Protection Fund Valuation Report for August 2023. The fund’s value has consistently exceeded US$300 million since November, with a peak of US$357 million in August. Launched in August 2022, the fund is self-funded and provides a financial shield to protect users’ holdings. To […]
Summer.fi, a leading decentralised platform, has announced a new integration of Spark Protocol, which allows users to farm SPK tokens when borrowing DAI. Spark Protocol is a DAI centric money market protocol that combines the best liquidity from Maker and integrates with the best DeFi protocols. It is a decentralised, non-custodial liquidity market protocol where […]
