Tag: Firm

Bitcoin ATM firm allegedly profited from crypto scams via unlicensed kiosks: Prosecutor

A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams. S&P Solutions, which operated as Bitcoin of America, along with three of its executives are facing charges of money laundering, conspiracy, and other crimes connected to the operation of more than 50 unlicensed crypto kiosks in the state. A Cuyahoga County grand jury returned the indictment on Mar. 1 against the firm, the owner and founder, Sonny Meraban, manager Reza Meraban, and company…

Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release – Defi Bitcoin News

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On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple not granting approval for the application launch, and the team does not know why. Uniswap Labs Launches Limited Early-Release Mobile App via Apple’s Testflight Platform Uniswap Labs launched a mobile application for Uniswap via Apple’s Testflight platform. The self-custodial, open-source mobile application is available for a limited release. However, the company noted that Apple…

Russian investment firm unveils crypto mining mutual fund

According to Russian business outlet Kommersant, Russian investment management firm Finam management has unveiled a new fund intended to finance crypto mining operations in the country. The fund will be available only to qualified investors who can invest a minimum of 300,00 rubles (approx. $4,000). Russia’s mutual fund for Crypto mining The Kommersant report said that the fund hopes to raise 500 million rubles (over $6,6 million) which will be used to establish an LLC that will acquire mining hardware and lease them. The rest of the money invested in…

Venture Capital Firm 8VC Secures $880M with Mission to ‘Fix a Broken World’

8VC has been investing in diverse businesses and companies from sectors such as life sciences, logistics, IT infrastructure, financial services, government and defense, consumer, and enterprise. 8VC, the Austin-based venture capital firm led by Palantir founder Joe Lonsdale, has raised a staggering $880 million in its fifth funding round. This news comes despite greater macro uncertainty and the drying up of capital in global markets. In his recent blog post, Lonsdale, who is also 8VC’s general partner, stated that the firm’s mission is to “fix a broken world”. He further…

Hodlnaut founders propose selling the firm instead of liquidation

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The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation. On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee reportedly stating the company’s founders proposed selling the business as a better option for creditors than liquidating the firm. According to a report by Bloomberg, Lee said that he and Hodlnaut’s other co-founder Zhu Juntao have reached out to a number of “potential white knight investors.” Lee reportedly wrote that Hodlnaut co-founders are confident…

France on the verge of passing stringent crypto firm licensing laws

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The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards. The vote was passed with 109 votes (60.5%) in favor to 71 (39.5%) against. With the French Senate having already passed the bill, it will now be passed to president Emmanuel Macron who has 15 days to either approve it or send it back to the legislature. ✅ Projet de loi DDADUE dans les domaines de l’économie, de la santé, du…