Prime Trust laid off staffers in its communications and compliance as it navigated a rocky start to 2023.
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars
The move comes one week after Cumberland inked a deal Canada-based crypto platform BitBuy to boost liquidity on that exchange.
Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX
David Duong, the crypto exchange’s head of institutional research, says the collapse of FTX didn’t lead to a pullback from investors.
Crypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022
The fund took a 23% hit in November in the aftermath of FTX’s collapse.
Web3 Security Firm Hypernative Secures $9M in Seed Funding
The company also made public its first product, Pre-Cog, a platform aiming to uncover cyber, economic, governance and community threats before they can have an impact.
Elon Musk Wants Twitter Payments System to Accommodate Crypto: FT
Blockchain Scaling Project Sovereign Labs Raises $7.4 Million in Seed Round
The fundraise was led by Haun Ventures and included Maven 11, 1KX, Robot Ventures and Plaintext Capital.
Binance Partners With Mastercard to Launch Prepaid Crypto Card in Brazil
The card will allow payments with 13 cryptocurrencies, including bitcoin, ether and Binance USD.
WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates
The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users.
U.K. Man Sentenced to 4 1/2 Years in Jail for Stealing $2.5M in Crypto
Wybbo Wirsma, a Dutch native who lived in the U.K., was under investigation for five years until he pleaded guilty in an Oxford court on Thursday.
Bitcoin Miner Gryphon to Go Public Via All-Stock Merger With Cannabis Firm Akerna
Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D.
Scaramucci’s SkyBridge Capital Lost 39% Last Year: Bloomberg
The investment firm’s crypto bets included now bankrupt FTX, which owned a 30% SkyBridge stake
Crypto Bank Silvergate Suspends Dividend on Preferred Stock
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry.
Bitcoin Miner Argo Blockchain Faces Class Action Suit Over U.S. Share Sale
Argo failed to disclose that it suffered from significant capital constraints, electricity and network difficulties, the suit says.
Jihan Wu’s Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries.
DeFi Lender Aave Deploys V3 on Ethereum Network
Decentralized lending and borrowing protocol Aave has deployed its third version on the Ethereum blockchain following unanimous support for a governance proposal.
Crypto Exchange Bithumb Raided in South Korean Price Manipulation Probe: Report
South Korean prosecutors are investigating transactions related to a specific person or entity moving the price of a certain coin to make a profit.
Crypto Custodian Aegis to Add Coverage of Lido’s Staked Token Derivatives
Aegis’ end-to-end custody now includes liquid staking services through Lido for its institutional users wary of regulation.
Mango Markets to Resume Crypto Trading, SEC Be Damned
Developers behind the Solana-based crypto exchange aren’t letting a little scrutiny from federal regulators stop Mango Markets.
Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager
The traditional finance giant’s pick up of Kevin Hu adds to a wave of senior hires for its digital assets arm.