“I’ve asked staff to look at every way to get these platforms inside the investor protection remit,” he said. Jan 20, 2022 at 12:52 p.m. UTC Updated Jan 20, 2022 at 1:12 p.m. UTC Gary Gensler, Chair of the U.S. Securities and Exchange Commission. (Evelyn Hockstein-Pool/Getty Images) Source
Andreessen Horowitz (a16z), a venture capital firm that has invested extensively in the crypto industry, is looking to raise $4.5 billion for new funds, the Financial Times reported. The firm told investors it is looking for $3.5 billion for a crypto venture fund, the FT said, citing people briefed on the discussions. That will surpass the $2.2 billion it raised in June for its Crypto Fund III, at the time the industry’s largest. It has targeted another $1 billion for a fund that will invest in seed funding for digital…
The saga started earlier this week when Multichain instructed its users to remove approvals for six tokens, warning that otherwise their assets would be exposed to a security vulnerability. The tokens were WETH, PERI, OMT, WBNB, MATIC and AVAX. Multichain tweeted on Tuesday that hackers had siphoned about $1.4M in wrapped ether from users. Source
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress. Furthermore, a new decentralized method of measuring inflation has been introduced called Truflation, a tool that provides a “daily, unbiased, data-driven, real-market inflation rate.” Rand Paul’s Inflation Report Uncovers the…
Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times. “The solution is to ban proof-of-work,” he said. “Proof-of-stake has a significantly lower energy profile.” The proof-of-work model involves miners using scores of powerful computers to solve complex mathematical problems in order to record transactions on the blockchain an be rewarded with…
Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were removed from exchange wallets. Crypto.com Suspends Withdrawals After Suspicious Activity Reported Crypto.com, a cryptocurrency exchange, suspended normal withdrawal operations after customers reported having experienced suspicious activity regarding their accounts. In its first statements,…
London-based venture capital (VC) firm Blossom Capital has raised $432 million to invest in early stage technology startups in Europe, including crypto, according to a Bloomberg report published on Tuesday. The VC has earmarked one-third of the funding for crypto investment, according to the report. “We aren’t looking to just invest in crypto assets, we are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” founder Ophelia Brown said. One of Blossom Capital’s most notable investments in the crypto sphere is payments infrastructure company Moonpay. In November, Moonpay raised…
Pakistan’s Federal Investigation Agency (FIA), which investigates serious and organized crime, said it will ask Pakistan Telecommunication Authority (PTA) to block websites dealing in cryptocurrencies, according to a report by Dawn. The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites, FIA Director-General Sanaullah Abbasi said at a press conference Saturday after meeting with officials of the State Bank of Pakistan (SBP). SBP has already submitted recommendations for regulating cryptocurrencies, Abbasi said. “Crypto has given a new dimension…
Chingari, an Indian short video platform akin to TikTok, has raised $15 million in a funding round led by Republic Capital, the private venture arm of investment firm Republic, according to a report by an Indian business news outlet. Crypto exchange OKEx also made a strategic investment in the company. Chingari’s native token GARI will be listed on OKEx, the Economic Times reported on Monday. The token will also be listed on FTX, Huobi, Kucon, Gate.IO, MEXC Global. The funds will be used to enhance the app’s technology, introduce new…
Iniesta tweeted that he was “learning how to get started with crypto with @binance #BinanceForAll,” to his 25 million followers. The CNMV replied to the tweet, saying that “cryptoassets, being unregulated products, carry some significant risks.” Source