The post, which summarizes a TRM investigation, says Suex began operations “under the corporate ownership” of Izibits OU, an Estonian-licensed virtual asset service provider. TRM claims the exchange’s executives are Vasilii Zhabykin, who the blog says may be affiliated with a major Russian telecom, and Tibor Bokor, a Czech venture capitalist. Source
Blockchain monitoring firm Metrika has closed a $14 million Series A funding round led by Neotribe Ventures, the company said Tuesday. Other institutional investors include Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X, with additional funding from all previous investors. The latest round brings Metrika’s total funding to $17.7 million, including its previous $3.7 million seed round. The funds will be leveraged to expand the company’s platform and broaden its customer base across numerous industries, according to a statement. Metrika’s tools allow companies to track blockchain metrics and operations…
This week, I consider the increasing number of regulatory nominees who bring some familiarity with digital assets to the table, even if their prospective jobs don’t require it; the U.S. Treasury Department’s imminent, and highly consequential, moves to regulate the industry; and the clampdown on crypto lending at the state and federal levels. More than ever, the old saying of “you may not be interested in politics but politics is interested in you” is ringing true for a field that until recently Washington considered too small to matter and too…
Blockchain intelligence platform Metrika has concluded a $14 million Series A fundraiser to bootstrap the next phase of its growth strategy, further underscoring the venture capital demand for budding blockchain startups. Metrika announced Tuesday that the funding will be used to further develop its blockchain intelligence platform, which provides monitoring and analytics for decentralized networks, as well as to expand its user base. The investment round was led by Neotribe Ventures with participation from Coinbase Ventures, Samsung NEXT, Nyca Partners and others. Combined with its $3.7 million seed round, Metrika…
Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency. Novogratz on institutions: “I see nothing but engagement and activity” Despite the macro environment wobbling over China and Bitcoin shedding up to 10% this week, there are few bearish voices among well-known crypto industry commentators. Novogratz is no different, arguing that the price drop was more so a healthy corrective move for a market…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Reports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan. Prosecutor’s Office Confirms Vasiliev Is in Custody in Poland Dmitry Vasiliev, who once managed the largest Russian crypto exchange, was apprehended at the Warsaw airport in early August but the Polish newspaper Gazeta Wyborcza broke the news last week, quoting undisclosed sources. A representative of the regional…
The central bank of Ukraine has moved to support the development of the cryptocurrency industry after the Ukrainian parliament adopted a major crypto law in early September. The National Bank of Ukraine (NBU) issued Sept. 13 an official statement on basic principles of monetary policies for the upcoming year, paying particular attention to the regulation of cryptocurrencies. The central bank emphasized that the NBU recognizes the importance of technological innovations associated with virtual assets and sees “many promising opportunities” like improving access to financial services and increasing competition in the…
PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers. As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super app was ready for a rollout in the United States. According to a release issued on Tuesday, the new PayPal app will enable users to access all of the company’s digital financial products. The new app covers both crypto and non-crypto use cases with a wallet tab to…
Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets. For example, although payments giants such as Mastercard and Visa currently offer crypto-enabled credit and debit cards, these companies are also forming partnerships with crypto organizations to enable better security and trust for consumers transacting with digital currencies. Shedding light on the matter, Ajay Bhalla, president of cyber and intelligence…