“With this license, we show that we are a reputable company, and we have the freedom to act as virtual currency issuers to make financial transactions of our stablecoin in our wallets,” Pablo de Mello, partner and commercial director at CloudWalk, told CoinDesk. Source
The three founders of crypto exchange Bitpanda have set up their own venture capital firm, according to a report by The Block Thursday. Source
To be held in Washington, D.C.’s Union Station, Hands On Web3 will be tailored toward policymakers, academics and the media. The event will include demonstrations from non-fungible token (NFT) marketplace OpenSea, crypto exchange FTX and crypto music startup Royal, among others. The demos will include ways for participants to get hands-on experience with crypto transactions like setting up a wallet or joining a decentralized autonomous organization (DAO). Source
Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on the Nasdaq delayed a year depending on a vote from shareholders of the Blue Safari Group Acquisition Corp. In a Nov. 2 Securities and Exchange Commission filing, Blue Safari said it will be holding a shareholding meeting before the end of 2022 to vote on whether to extend the deadline of its deal with Bitdeer. The mining firm announced in November 2021 that it had entered into a definitive merger agreement with…
The announcement comes as DOGE surged 102% in October Source
Solot was the former partner at crypto fund Tagus Capital and has also worked at private investment bank Brown Brothers Harriman and has also worked with the International Monetary Fund. Arasaratnam, a 17-year financial services veteran, has recently worked at food startup M-EAT and online shopping platform The Chapar. Original Source AssetsCryptoDigitalFirmHiresLeadMarexPushTradFi CryptoX Portal
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27 Million Financing Deal Falls Through, Stock Shudders, Wall Street Analysts Downgrade ARBK Shares Bitcoin miners have been facing significant pressures as a couple of publicly-listed mining firms have faced financial hardships and bankruptcies. The recent…
Many Crypto and Bitcoin mining firms have recorded huge losses in 2022 due to the ongoing bear market and extreme economic conditions. As a result, some have packed up, while others declared bankruptcy amid the crypto winter. However, not all the crypto firms got severely affected during the crisis. Some have managed to rise from danger, while others are still struggling. A recent press release revealed that Digihost, a Canadian Bitcoin mining firm remains free from debts. The firm has managed to maintain a positive cash flow despite the downtime…
In August, the firm launched the $300 million CoinFund Ventures I fund to invest in crypto companies gaining commercial traction in a sector with a large total addressable market, David Pakman, CoinFund managing partner and venture investing head, told CoinDesk at the time. Source
“While our industry continues to face macroeconomic headwinds, Galaxy remains focused on building for the future state of institutional adoption, and on enhancing long-term shareholder value. We are always considering optimal team structure and strategy and will share future plans when finalized,” a Galaxy spokesman told CoinDesk via email. Source