Tag: News

Taurus raised $65 million | Blockchain News

The Series B capital round for Taurus, a company that specializes in providing digital asset infrastructure to financial institutions in Europe, was led by Credit Suisse and brought in a total of $65 million. In addition, a number of additional institutional investors, such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis, took part in the investment round. The announcement made on February 14 stated that the funds that were raised by Taurus would be used to strengthen its growth strategy in three primary areas: recruiting…

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11  – Bitcoin News

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Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, said the company’s attorney Ross Kwasteniet. Celsius Says Novawulf Deal to Provide Path Forward for Celsius Creditors and Illiquid Assets Crypto lender Celsius, which filed for bankruptcy in July 2022, has announced that it will…

BTC Nears $25,000, Whilst ETH Hits $1,700 – Market Updates Bitcoin News

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Bitcoin moved significantly higher on Feb. 16, as the world’s largest cryptocurrency hit its strongest point since last August. Prices neared the $25,000 mark earlier in the day, following a breakout of a key resistance level. Several factors have contributed to the rally including strong U.S. retail sales, and an easing of regulatory concerns. Bitcoin Bitcoin (BTC) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark. Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today.…

Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework – Regulation Bitcoin News

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The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform for issuers and investors while mitigating the risks associated with this asset class.” ‘An Alternative Financing and Investment Platform’ The Oman financial markets regulator, the Oman Capital Market Authority, has said it plans to establish a virtual assets framework to “regulate and develop the market in the…

Bitget Announced Panda Farm (BBO) Token Sale on Its Re-launched Launchpad Platform – Press release Bitcoin News

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press release PRESS RELEASE. Victoria, Seychelles, February 16, 2023 – Bitget, the world’s largest crypto copy trading exchange, announced the relaunch of its Launchpad platform, which provides exclusive access to promising blockchain projects at an early stage. Panda Farm (BBO), the first completely decentralized GameFi project running on Arbitrum, will be launched on Bitget Launchpad on February 16. A total of 1,000,000 BBO utility tokens will be offered for purchase. Bitget’s Launchpad was initially introduced in February 2022, and as of now, it has launched five early-stage projects with an…

Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner – Mining Bitcoin News

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Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial in Russia for Armed Robbery of Cryptocurrency Miner The Kirovsky Court of Tomsk will soon try two men for their attack on another resident of the Siberian city who made a living by mining cryptocurrencies. They were able to extort…

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin News

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Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged with the market despite its woes. Credit Suisse, Deutsche Bank Invest in Digital Asset Firm Taurus Amid Ongoing Crypto Winter Swiss crypto company Taurus SA has raised $65 million in a Series B funding round led by the banking giant Credit Suisse. Three other major financial institutions — Deutsche…

How the SEC Is Letting Crypto Down – Op-Ed Bitcoin News

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When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught a course on the subject at MIT. However, two years later, it’s clear that Gary has been a big letdown for the industry as the SEC failed to identify major frauds and protect investors. The following opinion editorial was written by Joseph Collement,…

55% of Americans Believe They Will Lose It All if a Recession Hits the United States – Economics Bitcoin News

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According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession in the United States came to fruition. Survey Shows Americans Have a Gloomy Economic Outlook After the Federal Reserve’s recent rate hike and the inflation data from the U.S. Department of Labor that followed, investors…

Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain – Fintech Bitcoin News

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German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic Securities Act The largest industrial manufacturer in Europe, Siemens, announced it has become one of the first companies in Germany to issue a digital bond in accordance with the country’s Electronic Securities Act which came into force in June, 2021. The €60-million bond ($64 million) has a maturity of…