Tag: Report

Kraken Raises $500M at $15B Valuation Amid Rising IPO Buzz: Report

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Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO). The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed that Kraken closed the round earlier this month. When contacted by Cointelegraph for confirmation, a Kraken representative declined to comment. The raise and valuation are broadly in line with Cointelegraph’s reporting in July, which revealed…

Kraken Secures $100M in Funding: Report

Key Notes Kraken secured $100 million in a funding round at a $15 billion valuation. Co-CEO Arjun Sethi is bullish on tokenized assets and DeFi integration. The exchange recently donated $2 million to pro-crypto political groups. Cryptocurrency exchange Kraken has successfully closed a $100 million funding round, according to a Fortune report published on Sept. 25. The raise, which values the company at $15 billion, is a major milestone as Kraken accelerates its push toward an eventual public listing. The new funding, coming after years of relying on relatively little…

Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’

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Former Binance CEO Changpeng Zhao, commonly known as CZ, has found himself at the epicenter of a new controversy following a recent report by the Financial Times regarding his Web3 and artificial intelligence (AI) venture, YZi Labs.  CZ Denies Financial Times Report  The report suggested that Zhao was planning to open a substantial $10 billion portfolio to outside investors, a claim that has sparked a vigorous denial from the former executive of the world’s largest cryptocurrency exchange. According to the Financial Times, Ella Zhang, head of YZi Labs, acknowledged strong…

Crypto.com Responds To Report On Undisclosed User Data Leak

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Crypto exchange Crypto.com has denied that it kept a 2023 data leak of user details a secret from authorities.  Bloomberg reported on Friday that Noah Urban, a member of the hacking group Scattered Spider, said the group had phished their way into gaining access to a Crypto.com employee’s account sometime before early 2023, which exposed the personal information of some users.  Blockchain investigator ZachXBT then claimed on X that Crypto.com had “covered up a breach that impacted the personal information of your users,” adding that Crypto.com had been “breached several…

Nvidia Partners With UK Crypto Miner’s Arm As Part Of AI Push: Report

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Nvidia, one of the most significant chip designers globally, reportedly announced a $683 million investment in a UK-based AI infrastructure company that spun off from a cryptocurrency miner in 2024. According to a Wednesday Bloomberg report, Nvidia CEO Jensen Huang said the investment in Nscale, the AI arm of crypto mining company Arkon Energy, would be part of efforts to develop the UK’s infrastructure around artificial intelligence. Nscale spun off Arkon in May 2024 to offer AI cloud services across Europe. The investment came amid a push by the UK…

ETH/BTC Ratio Remains Under 0.05 For Past 14 Months: Report

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The Ether-Bitcoin (ETH/BTC) ratio, which measures the price of Ether (ETH) against the price of Bitcoin (BTC), has failed to reclaim 0.05, despite adoption of ETH by institutions and the historic price rally in July and August that took ETH to new all-time highs. ETH/BTC has remained below the 0.05 level since July 2024, and the ratio peaked in June 2017 when it hit the all-time high of 0.14, according to CoinGecko. The ratio current sits at 0.039, down from the 0.04 reached in August. The ratio fell to a 5-year…

Canadian Steals $34,650,000 in Cryptocurrency, Then Continues Stealing While on Bail: Report

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A Canadian man has been sentenced to one year behind bars for stealing $34.6 million worth of crypto assets and continuing to steal while out on bail. According to a new report from the Canadian state-run CBC, an unnamed man from Hamilton has pleaded guilty to a theft spree that saw him net CAD $1 million ($722,256) from 200 victims. However, the man’s crime spree occurred when he was out on bail for a different crime he committed when he was a teenager – one that saw him steal a…

BlackRock Explores Tokenized ETFs After Bitcoin Success — Report

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BlackRock, the world’s largest asset manager, is reportedly exploring ways to tokenize exchange-traded funds (ETFs) on the blockchain, following the strong performance of its spot Bitcoin ETFs. Citing sources familiar with the discussions, Bloomberg reported Thursday that the company is considering tokenizing funds with exposure to real-world assets (RWA). Any such move, however, would need to navigate regulatory hurdles. ETFs have become one of the most popular investment vehicles — so widespread, in fact, that they now outnumber publicly listed stocks, according to Morningstar. Tokenizing ETFs could potentially allow them…

Report Shows Bitcoin Treasuries Added 47,718 BTC in August

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Corporate and institutional bitcoin treasuries expanded in August 2025 as tracked entities added 47,718 BTC, lifting total disclosed holdings to about 3.68 million BTC, according to bitcointreasuries.net. Net additions came entirely from public and private firms only. Bitcointreasuries.net Report Logs 17 New Entities in August The August additions were valued at $5.2 billion at Aug. […] Original