Tag: Firm

Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

boss

An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras), and 300,000 customers PII which includes Social Security Number, Date of Birth, First Name, Last Name, e-mail address, Telephone Number,… pic.twitter.com/TJ7RUK18Yq — vx-underground (@vxunderground) November 12, 2023 Apart from personal information, the hacker group also…

Jihan Wu’s Bitcoin mining firm Bitdeer partners with NVIDIA

boss

Blockchain company Bitdeer has become a cloud service provider in the NVIDIA partner network. Bitcoin cloud mining services company Bitdeer Technologies Group has entered into a partnership agreement with NVIDIA to double down on supercomputing resources. In a press release on Nov. 9, Bitdeer said it had become a cloud service provider (CSP) in the NVIDIA partner network. It allows the Singapore-based company to launch a cloud service in Asia powered by NVIDIA DGX SuperPOD, an artificial intelligence data center infrastructure with DGX H100 systems. NVIDIA’s Senior Director of the…

Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth

boss

Singapore-based digital asset investment firm Spartan Group has announced investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE). After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital arm Spartan Capital has made a follow-on investment in Pendle Finance through an over-the-counter, or OTC, purchase. The firm emphasized that Spartan and Pendle have had a strong partnership since the DeFi’s project inception, noting that the latest investment aims to support the project in its further ambitions. “At Spartan Capital, we recognize the transformative potential of…

HKEX-listed tech firm launches $15M Bitcoin fund

boss

Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on the Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network. Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be used to accelerate emerging projects in the Bitcoin ecosystem, including “asset issuance protocols, trading markets, expansion, virtual machines, NFT, RWA, and GameFi.” For initial efforts, the firm would “participate in the research and investment of Bitcoin network ecological assets…

AI Firm Ritual Raises $25M, Led by Archetype

“The consolidation of AI among a small group of powerful companies poses a significant threat to the future of technology,” Ritual co-founder Niraj Pant said. “We founded Ritual to end the ecosystem’s reliance on the few, to open access to this critical infrastructure, and ensure a future of building better AI. Ritual is the decentralized network that the ecosystem needs.” Source

Cloud firm Datadog Beats Street Q3 2023 Estimates, DDOG Stock Price Shoots 28%

Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day gains. Datadog Performance in Q3 2023 The company reported Q3 2023 revenue of $547.5 million, marking a 25% year-over-year increase and surpassing estimates. This growth rate aligns with Q2 results. Analysts, surveyed by LSEG (formerly…

VC firm a16z crypto spearheads $4.2m seed funding for web3 company Pimlico

UK-based Pimlico has raised $4.2 million in a seed funding round led by a16z crypto, aiming to improve the Ethereum network by introducing versatile smart accounts through ERC-4337. Pimlico, a UK-based web3 infrastructure firm, has successfully secured $4.2 million in seed funding, a substantial boost spearheaded by a16z crypto. The company has its sights set on leveraging this investment to scale its operations. Pimlico’s core mission is to enhance the Ethereum network’s user-friendliness and functionality by implementing smart accounts through ERC-4337—a protocol for account abstraction. The introduction of smart accounts…

Dubai VARA grants ‘initial approval’ to crypto firm WadzPay

boss

The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “initial approval” license to crypto firm WadzPay, marking a pivotal step in the company’s journey toward obtaining a Virtual Asset Service Provider (VASP) license for virtual asset services and activities. According to the announcement, Wadzpay’s VARA license allows it to commence preparations to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The VARA license does not allow the company to offer any other of its virtual asset products and services. The…

US crypto custody firm BitGo wins BaFin license in Germany: Report

boss

Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary. BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like Bitcoin (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes. The German license secures BitGo’s presence in the European market and is an important milestone…