Tag: Firm

Ethereum Price In Accumulation Mode—Key Support Holding Firm

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a recovery wave above the $2,020 zone. ETH is now consolidating and facing hurdles near the $2,080 resistance. Ethereum started a recovery wave above the $2,020 level. The price…

Former Bittrex Execs Raise $40M in BTC to Back Barbados-Licensed Insurance Firm

Tabit Insurance, a Barbados-regulated insurance company established by former executives from the now-shuttered cryptocurrency exchange Bittrex, said it raised a $40 million reserve composed entirely of bitcoin (BTC) with which to write traditional insurance and reinsurance business. The insurer, which emerged in January of this year with plans to offer bitcoin-backed liability policies for company directors and officers (D&O), claims to be the first regulated risk carrier to rely on bitcoin-only reserves to write traditional policies priced in U.S. dollars. The firm has a class 2 insurance license from the…

Tether seeks Big Four firm for its first full financial audit — Report

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Stablecoin issuer Tether is reportedly engaging with a Big Four accounting firm to audit its assets reserve and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio. Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits. Tether to produce first full audit after scrutiny “If the President of the United States says this is top priority…

Japanese real estate firm Open House accepts XRP, SOL, and DOGE

The Open House Group, a leading real estate company listed on the Tokyo Stock Exchange, has announced that it now accepts XRP, Solana, and Dogecoin for payments. Open House, which added cryptocurrency payments to its accepted payment options in January this year, said it is expanding the offering to include three more crypto tokens. As well as XRP (XRP), Open House customers can now use Solana (SOL) and Dogecoin (DOGE) to handle real estate payments with the firm. With crypto adoption on the rise across the world amid regulatory clarity,…

Biopharmaceutical Firm ATAI Life Sciences Joins Roster of Firms With BTC Treasury Strategies

Another company has elected to add bitcoin (BTC) to its balance sheet. Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy. “In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote…

Trump Media execs seek $179M via new SPAC to possibly buy crypto firm

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Three Trump Media & Technology Group executives are heading up a company that could look to buy a US-based crypto or blockchain firm, citing the Trump administration’s backing of the sector. The trio is targeting a $179 million public and private offering through the Cayman Islands-based special-purpose acquisition company (SPAC), Renatus Tactical Acquisition Corp I, according to a March 14 regulatory filing first reported by Forbes. Renatus Tactical’s CEO, Eric Swider, is a director at Trump Media and was the CEO at Digital World Acquisition Corp., a SPAC that merged…

ARK Invest joins $403M raise for AI robotics firm Apptronik

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Cryptocurrency-friendly investment firm ARK Invest has joined a massive Series A funding round for Apptronik, a Texas-based firm building humanoid robots. Apptronik, on March 18, announced the successful close of an oversubscribed $403M Series A funding round, adding another $53 million to the $350 million round disclosed in February. After investing in Apptronik’s Series A round, ARK has enabled investors to access the company through its ARK Venture Fund (ARKVX), which focuses on “disruptive innovation.” Source: ARK Funds “After investing in their Series A round, the ARK Venture Fund is proud to offer investors…

Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. An analytics firm has explained how the data related to the stablecoins could hint at whether the Bitcoin market top is in or not. Stablecoins Have Seen Their Market…

Sacks and his VC firm sold over $200M in crypto and stocks before WH role

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David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5. Crypto sell-off in an effort to prevent conflict of interest The memorandum said the “significant steps” were taken to reduce potential conflicts of interest…

Hong Kong crypto payment firm RedotPay wraps $40M Series A funding round

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Hong Kong-based crypto payment platform RedotPay closed a $40 million Series A funding round led by Lightspeed, with participation from HSG and Galaxy Ventures. RedotPay aims to enable cryptocurrency use in everyday transactions while simplifying blockchain transactions for spenders, akin to fiat. In November 2023, the company launched its own physical Visa cards, which can be used for ATM cash withdrawals, along with a virtual card that supports digital payment services like Apple Pay and Google Pay. The company has expanded its blockchain integrations, adding Solana in December 2024 and…