Tag: 1.8M

Bitcoin-focused protocol Surge nabs $1.8m to bring Move-based rollups

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Bitcoin protocol Surge has raised $1.8 million in pre-seed funding to solve the network’s scalability issues. As the Bitcoin (BTC) ecosystem keeps facing unresolved scalability challenges, startups keep searching for a solution that would open doors for billions worth of dollars in liquidity from the decentralized finance space. Surge, a Bitcoin-centric protocol developed to unlock the BTCfi economy, has bagged $1.8 million in pre-seed funding to unlock the cryptocurrency’s “full potential as a global currency and a base layer for innovation,” per a press release shared with crypto.news. Supported by…

Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Token Price Tumbles 40%

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FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023, FalconX voluntarily “changed and enhanced its approach to collecting customer-identifying information” – including requiring customers to identify the location of the assets’ ultimate beneficial owners, the location of their corporate headquarters, and the location of employees controlling the investor’s Edge account. Source