Trading automation protocol Umoja raised $4 mn in seed round
Trading automation protocol Umoja seed funding round has successfully secured an additional $2 mn, bringing the total to $4 mn
Crypto & Blockchain News
Genesis Global Capital will pay $21 mn penalty to SEC for crypto securities offer
Genesis Global Capital will pay a $21 mn penalty after pleading guilty to charges that it engaged in the unregistered offer
Outlier Ventures and peaq launched the DePIN Base Camp Accelerator
Outlier Ventures and peaq have launched of the DePIN Base Camp Accelerator program to accelerating the development and application of decentralized physical infrastructure
UK Financial Conduct Authority commited to intensify efforts against crypto market
Financial Conduct Authority of the United Kingdom has outlined its commitment to intensify efforts against crypto market abuse within the cryptocurrency
Insurtech OneDegree received new investment for digital asset insurance in UAE
Hong Kong-based crypto assets insurtech OneDegree announced it had received an undisclosed investment amount from Dubai Insurance
Anboto raised $3 mn to launch an institutional-grade crypto trading platform
Anboto Labs, a Hong Kong-based crypto trading execution tool provider, has raised $3 million in funding and launched an institutional-grade non-custodial trading platform
Bank of England with FCA are seeking feedback for regulating stablecoins
The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority have requested feedback on their proposed approach to regulating stablecoins
Blockchain-based healthcare platform Rymedi raised $9 mn in Series A
Blockchain-based healthcare data platform Rymedi has raised $9 mn in Series A funding. Rymedi streamlines the transfer of medical records and data via blockchain
Web3 security startup Blockaid sequred a $33 mn funding
Blockaid, a web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has come out of stealth with $33 million in funding
DeFi protocol Elixir closed a $7.5 mn Series A led by Hack VC
DeFi protocol Elixir has closed a $7.5 million Series A fundraising round at a $100 million valuation, designed to help it improve liquidity across decentralized order
Grayscale with FTSE Russell launches the Crypto Sector Index Series
Digital currency asset manager, Grayscale Investments is venturing into the crypto indices business together with the London-based indices provider FTSE Russell
Logpoint uncovered the Akira infection chain through malware analysis
Logpoint’s research has uncovered the Akira infection chain through malware analysis. Akira actively targets Cisco ASA VPNs without multifactor authentication
NY’s financial regulator wants crypto companies to be more transparent
New York’s financial regulator wants cryptocurrency companies regulated in the state to be more transparent about how they list and delist crypto coins
Deutsche Bank launches digital asset custody & tokenization with Taurus
Deutsche Bank is set to establish digital asset custody and tokenization services via a new partnership with Switzerland-based Taurus, a Swiss startup
NY blockchain consortium R3 laid off over 20% of its workforce
The New York-based blockchain consortium R3, backed by investors including Bank of America and Intel, has laid off over 20% of its workforce
FSA prolonged the deadline for UK crypto asset marketing & advertising
The FCA introduced in June that it was introducing advertising and marketing restrictions on the crypto sector
Charles Schwab Trader Sentiment Survey reveals a shift in trader expectations
The Charles Schwab Trader Sentiment Survey for Q3 reveals a shift in trader expectations towards a more optimistic view of the market environment
US Court handed Grayscale a win against the SEC in the lawsuit over spot Bitcoin ETF
US Court of Appeals for the District of Columbia Circuit handed Grayscale a win against the Securities and Exchange Commission (SEC)
Millions of dollars worth of crypto were stolen from DeFi platforms
Millions of dollars worth of cryptocurrency were stolen from several platforms after hackers exploited a vulnerability in a programming language used widely
CFTC exposed a digital assets scheme Blessings of God Thru Crypto
The Commodity Futures Trading Commission announced it filed a complaint against Michael and Amanda Griffis of Clarksville
Financial Stability Board published regulatory framework for cryptoasset
The Financial Stability Board (FSB) has published its regulatory framework for cryptoasset activities to promote the global harmonization of regulatory
U.S. Financial Innovation & Technology Bill establishes a regulatory framework for crypto
U.S. lawmakers introduced legislation aimed at dispelling a cloud of regulatory uncertainty that looms large in the crypto assets industry
Nasdaq is dropping plans for a crypto custody service
Nasdaq is dropping its plans for a crypto custody service, which was slated to go live in the second quarter of this year
Crypto insurtech Evertas acquires crypto mining insurer Bitsure
Evertas, a digital asset insurance provider, has announced the acquisition of Bitsure, a pioneering insurer for crypto mining operations
Blockchain reinsurer Re partners with VIPR Solutions
Re, the innovative reinsurer employing blockchain, has announced a strategic partnership with VIPR Solutions
Insurtech Arbol unveiled blockchain parametric (re)insurance platform dRe
Arbol, a global climate risk coverage insurtech platform, in collaboration with The Institutes RiskStream Collaborative, a blockchain and emerging technologies
Spot Bitcoin ETF launch are inadequate – SEC
The Securities and Exchange Commission said a recent wave of applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate
Crypto Insurtech Breach launches a new class IIGB insurer
The Bermuda Monetary Authority has granted a licence to Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency
China Pacific Insurance with Waterdrip Capital opens crypto funds in Hong Kong
China Pacific Insurance subsidiary CPIC Investment Management has opened two crypto funds in Hong Kong, in partnership with investment firm Waterdrip Capital
Digital assets are a threat to the safety of the banking industry
Digital assets are a threat to the safety and soundness of the banking industry, and banks should proceed with caution
Blockchain cybersecurity platform Ironblocks raised $7 million in Seed round
Ironblocks, a blockchain-native cybersecurity platform, has announced that it has raised $7 million in Seed round co-led by Collider Ventures and Disruptive AI
Crypto asset protection insurtech Coincover raises $30 mn led by Foundation Capital
Coincover, a Cardiff, UK-based crypto digital asset protection company, has raised $30 million in funding led by Foundation Capital to protect people and their digital assets
BlackRock, disclosed a position in Silvergate Capital, crypto banker
The world’s largest asset manager, BlackRock, disclosed a significant position in Silvergate Capital, the beaten-down banker to the cryptocurrency industry
Fed issued guidance with implications for US banks with respect to cryptoasset
Federal Reserve Board issued guidance with important implications for banks in the US with respect to cryptoasset activities.
FCA warns blockchain and cryptoasset firms about financial promotion obligations
Financial Conduct Authority (FCA) has now published an update reminding cryptoasset firms to prepare for the changes
Crypto Insurance. Why not require crypto projects to get special insurance after FTX crush?
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves
Decentralized protocol Nami Insurance launched cryptocurrency insurance product
Nami Insurance, a decentralized hedging protocol, launched the “Proof of Concept” that proves the feasibility and practicality of the first cryptocurrency insurance product
Insurers deny claims to customers affected by the bankrupt crypto exchange FTX
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses
Cryptoasset & blockchain insurer Evertas closes a $14 mn funding led by Polychain Capital
Evertas, cryptoasset and blockchain insurance company, has closed a $14 million funding round led by Polychain Capital
Custody platform GK8 launches digital crypto asset insurance plans
GK8 and USI Insurance Services have joined forces to create a new, elite insurance plan to cover digital asset losses for GK8 customers
Asian blockchain-insurtech Igloo raised $27mn in Series B
Southeast Asian insurtech Igloo has secured an additional $27mn in an extension to its Series B funding round, which was announced earlier in the year
Digital asset custody provider Copper secured $500 mn of insurance protection
Copper, a provider of institutional digital asset custody and trading solutions, has secured $500 million of insurance protection for digital assets in cold storage
ETSI Secures critical infrastructures against cyber quantum attacks with TETRA algorithms
With the world facing growing challenges including the war in Europe and a global energy crisis, it is essential that the mission- and business-critical communications networks
5 crypto companies maked false and misleading statements about FDIC deposit insurance
FDIC issued letters demanding five crypto companies and their officers, directors, and employees cease and desist from making false statements about deposit insurance
Global executives are of the opinion that Blockchain Technology is all hype
20% of global executives are of the opinion that blockchain technology is all hype, as doubts about its industrial applicability increase due to the recent collapse B3i
Investment manager BlackRock launches a Bitcoin Private Trust
Investment manager BlackRock has launched a private trust offering US-based institutional clients exposure to spot bitcoin
Swiss Re said that B3i conceptually interesting, but required view
Swiss Re have said that while conceptually the Blockchain Insurance Industry Initiative (B3i) remains an interesting opportunity, it didn’t seem like it was going to… Read More »Swiss Re said that B3i conceptually interesting, but required view
Blockchain Insurance Industry Initiative B3i filed for insolvency
Blockchain Insurance Industry Initiative (B3i) has announced that it has filed for insolvency after failing to raise new capital in recent funding rounds. Formed in… Read More »Blockchain Insurance Industry Initiative B3i filed for insolvency
The cryptocurrency price crash accelerates the process of insurers rewriting policies
The cryptocurrency price crash could accelerate the process of insurers rewriting policies to reduce potential exposure. According to the law firm RPC, the insurers are… Read More »The cryptocurrency price crash accelerates the process of insurers rewriting policies
Munich Re backs smart contract Chainproof to offer insurance coverage
With reinsurance backing from Munich Re, Chainproof aims to bridge the worlds of traditional insurance and decentralized finance (DeFi)
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As insurers worldwide look for ways to modernize operations and enhance client experiences, blockchain offers a compelling solution to long-standing challenges
Blockchain and cryptocurrency are two terms that have become inseparable, yet they are not the same thing. Blockchain is the technology. Cryptocurrency is the application of that technology
Tokenization, a blockchain-based technology, offers immediate value in these areas. It allows digital representation of asset ownership—whether stocks, bonds, cash, cryptocurrency, data sets
Regulation and taxation of crypto assets in Ukraine, impact on GDP and tax revenues, and the shadowing factor as the main driver of efficiency growth in the industry