• Blockstream and its founder Adam Back have raised $125 million to increase its Bitcoin (BTC) mining capacity. • The capital was raised in a convertible note led by Kingsway Capital and Cohen & Company Capital Markets, a division of J.V.B. Financial Group. • The funds will be used to expand Blockstream’s facilities and host […]
• Speculation on ‘Crypto Twitter’ went wild after a Department of Justice announcement regarding a press release on “International Crypto Enforcement Action”. • The DoJ press release shared that the federal body was taking enforcement action against Russian exchange Bitzlato. • Data from Arkham Intel showcased that Bitzlato tagged wallets represented a mere $11,000 in […]
• The United Kingdom is planning to launch its own stablecoin – a digital pound, according to Andrew Griffith, an economic secretary to the UK Treasury. • This follows the country’s commitment to becoming the world’s crypto hub. • A public consultation on the attributes of a digital pound will be launched in the coming […]
• Coinbase has reached an agreement with the New York Department of Financial Services (NYDFS) to pay $100 million to improve its account and background checks. • Half of the settlement will go into paying a $50 million fine, while the other half will go towards improving the company’s compliance program. • The NYDFS found […]
• The United Kingdom’s National Crime Agency (NCA) is forming a team of officials to investigate unethical practices in the crypto industry. • Following $3 billion lost to crypto hacks and scams, the UK is taking a proactive approach to cryptocurrency remit. • The team of investigators will be tasked with providing strategic and tactical […]