Tag: Firm

Cybersecurity Firm Cybereason Allegedly Files Confidential Paperwork for US IPO

Cybereason has raised approximately $750 million to date and was valued at around $3 billion last year following a $275 million fundraising. Cybereason, a fast-growing cybersecurity company behind major endpoint protection in government and institutions, has reportedly filed for confidential paperwork with United States regulators to go public later this year. According to news outlet Reuters, people familiar with the matter revealed that the Cybereason company is eyeing an IPO that could value it at more than $5 billion. The SoftBank and Alphabet Inc.-backed firm has finalized underwriters for the…

FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation – Finance Bitcoin News

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Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion. FTX Series C Fundraise Brings Firm’s Valuation to $32 Billion FTX Trading Ltd. has raised $400 million in a Series C fundraising round according to an announcement on Monday. The fundraise follows the firm’s Series B at the end of July last year and…

Turkish Crypto Firm Bitci Eyes Expansion Into Brazil, Spain: Report

Turkish crypto firm Bitci is eyeing international expansion with Brazil and Spain being the first countries in line, Chief Executive Onur Altan Tan said in an interview. The company is aiming to open a trading platform in Brazil next month with plans to open a Spanish one in March, Reuters reported on Monday. Bitci operate a crypto exchange, a mining facility, and offers fan tokens in partnership with major sports brands. Last year, the firm launched fan tokens for the national soccer teams of both Brazil and Spain to go…

Singapore firm uses blockchain to battle counterfeit COVID-19 jabs

Singaporean healthcare services provider Zuellig Pharma is using a blockchain-based network to track COVID-19 vaccinations to prevent practitioners from administering expired vaccines. Zuellig Pharma says that its new “eZTracker” management system can help prevent improperly stored or counterfeit vaccines from being used by allowing its clients to instantly verify the provenance and authenticity of their vaccines via a mobile app. “Accidents involving expired or improperly stored vaccines can be avoided,” said Daniel Laverick, vice-president and head of digital and data solutions at Zuellig Pharma. eZTracker uses the SAP blockchain to…

Arculus’ Crypto Wallet to Boost Payment Card Firm CompoSecure’s Revenue: Needham

Hardware crypto wallet Arculus will aid its owner CompoSecure’s (CMPO) revenue as it seeks to gain ground on cold storage competitors such as Ledger and Trezor, Needham equity research analyst John Todaro told clients in a note Friday. Cold storage is a way of holding cryptocurrency tokens offline rather than on an exchange. Todaro sees Arculus becoming one of the top three largest crypto hardware wallet providers by the end of this year, and expects continued material revenue growth from this segment throughout 2023. CompoSecure could sell 160,000 Arculus units…

Blockchain Firm Valereum Acquires 90% of Gibraltar Stock Exchange

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Wall Street Crypto Firm Valkyrie Is Holding a $700M Protocol Treasury

Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm. The multi-sig setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing outfit known for its bitcoin futures exchange-traded fund; Symbol is one of the many blockchain protocols where pseudonymous users are building “the future of finance.” Their seemingly odd coupling comes as the crypto industry takes a hard…

Investment Firm L1 Digital Receives FINMA Approval for Collective Crypto Investments

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

UAE Based Money Transfer Firm Announces Partnership With Ripplenet – Blockchain Bitcoin News

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Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan Exchange, has partnered with Ripple in a deal in which the remittances firm will use the latter’s blockchain to send funds across borders in real-time. According to a report in The National News, Al Fardan will become part of the Ripplenet Cloud, the blockchain…