Tag: Firm

Blockchain.com wins registration next to parent firm on the Cayman Islands

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands. The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA). Issued on July 6, the registration officially authorizes Blockchain.com to provide custodial services, operate an exchange, and offer over-the-counter crypto brokerage services for institutional clients under the CIMA’s regulatory framework. Blockchain.com’s chief business officer Lane Kasselman pointed out that the Cayman Islands is…

CBOE’s operating expenses spiked 312% due to underperformance of acquired crypto firm

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On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained: “This was primarily due to the $460 million impairment of goodwill recognized in the Digital reporting unit, driven by negative events and trends in the broader digital asset environment. The said environment has changed dramatically since we closed the ErisX transaction on May 2, which resulted in the accounting adjustment.” ErisX enables self-directed…

Blockchain security firm warns of new MetaMask phishing campaign

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A cybersecurity firm has issued warnings over a new phishing campaign targeting users of the popular crypto wallet MetaMask. In a July 28 post written by Halborn’s technical education specialist Luis Lubeck, the active phishing campaign used emails to target MetaMask users and trick them into giving out their passphrase.  The firm analyzed scam emails it received in late July to warn users of the new scam. Halborn noted that at initial glance, the email looks authentic with a MetaMask header and logo, and with messages that tell users to…

Crypto Mining Firm EZ Blockchain Launches Low-Emission Custody Hosting Service

Crypto miner EZ Blockchain will promote its low-emission custody all-inclusive hosting service at the Mining Disrupt conference in Miami from July 26-28. Currently, the hosting service will serve cryptocurrency mining investors in four states, including Kansas, Texas, Colorado, and South Carolina. EZ Blockchain is committed to solving the global problem of wasting energy and connecting the blockchain ecosystem with sustainable energy. The company also said it would be working on a 1.5mW mobile submerged mining vessel solution shortly. The product has already started mass production and is expected to be…

Moelis Investment Bank Launches Blockchain Firm for Crypto Venture Deals

Moelis & Co, an investment bank founded by billionaire Ken Moelis, announced Monday to launch a global group focusing on venture deals in the blockchain and digital asset industry. The investment bank, led by former UBS dealmaker and billionaire Ken Moelis, has created a new team of dealmakers who will work on transactions with cryptocurrency and blockchain firms. The new team will be headed up by John Momtazee, Moelis’ co-founder and global head of media investment banking. The New York-based investment bank has also hired longtime venture investor Lou Kerner…

Blockchain Infrastructure Firm Chain Completes Acquisition of MDT for $100m

Blockchain infrastructure firm Chain has completed the acquisition of Measurable Data Token (MDT), despite the slump in cryptocurrency prices. Chain announced on Saturday that the $100 million deal will provide the company with assets, including MDT, cash-back application RewardMe and financial data protocol MeFi. Chain offers developers cloud services to build blockchain-based applications. The unique aspect of this deal involves token conversion, where MDT will become Chain’s native Token XCN, according to The Block. The firm’s internal M&A handled the deal, alongside advisers from Tanner De Witt and Rooney Nimmo, it…