Tag: Firm

South Korea Proposes Enabling Crypto Firm Benefit Access

boss

South Korea’s Ministry of SMEs and Startups announced Wednesday that it plans to lift restrictions preventing crypto-related businesses from qualifying as venture companies. Currently, firms operating in the “virtual asset” sector are excluded from the government’s venture classification, which limits their access to various tax breaks and financial support. The ministry said the proposed amendment reflects a “shift in perception” of the digital asset industry and the establishment of “legal and institutional safeguards” aimed at protecting users. The announcement said that “the government is currently focusing on nurturing the digital…

US Investigating Ransomware Negotiation Firm Employee

boss

The US Justice Department has launched a probe into a former ransomware negotiator, accused of striking deals with hackers to take a cut of the crypto used to pay the extortionists. In a statement to Cointelegraph, DigitalMint President Marc Grens confirmed that one of the firm’s former employees is the target of an ongoing criminal investigation and was “immediately terminated” when the allegations came to light.  “The investigation evidently involves alleged unauthorized conduct by the employee while employed here.” The Chicago-based company assists victims with ransomware negotiations and payments to…

Insane Or Insightful? VC Firm Says XRP Could Reach $4,800 In Just 5 Years

boss

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Norwegian mining firm Green Minerals plans to raise $1.2b to establish Bitcoin Treasury

boss

Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian mining firm has decided to adopt a Bitcoin (BTC) treasury strategy in addition to its overall blockchain strategy. The company aims to raise enough funds to establish its own Bitcoin strategy with the help of its corporate partners. According to the release, the company has set its target at $1.2…

SRM Entertainment Becomes TRX Treasury Firm Tron Inc With $100M Investment

boss

Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday. According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. Tron founder Justin Sun will join the company as an adviser. As part of the deal, SRM Entertainment will issue 100,000 shares of its Series B convertible preferred stock. This stock can be converted into…

Hong Kong Firm MemeStrategy Adds 2,440 SOL to Treasury

Key Notes MemeStrategy bought a SOL holding worth $369,442 in the open market. The company highlighted that this purchase is in alignment with its corporate vision. SOL is projected as the top candidate for ETF approval from the US SEC, boosting its attractiveness. Hong Kong-listed digital asset company MemeStrategy made a massive Solana SOL$156.424h volatility:6.9%Market cap:$82.54 BVol. 24h:$5.13 Bbuy in the open market. This firm acquired 2,440 units of SOL valued at about HKD 2.9 million, a fund equivalent to $369,442. MemeStrategy Plans to Establish its Position in Crypto MemeStrategy’s…

Altcoins Set To Outperform Bitcoin In The Coming Months — Blockchain Firm Explains Why

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The talk around an altcoin season has been on the lips of the members of the crypto community since the start of the year. However, most altcoins have been unable to sustain any meaningful bullish momentum over the past few months. Interestingly, a market intelligence firm has come forward with the projection that these digital assets are set to outpace Bitcoin, the world’s largest cryptocurrency by market capitalization, in the coming months. Is The Altseason Around The…