BXM Operations AG, established by executives of crypto exchange BitMEX, has today announced plans to purchase Bankhaus von der Heydt, a 268-year-old German bank. The acquisition of the Munich-based bank is still subject to approval by Germany’s Federal Financial Supervisory Authority (BaFin) and is expected to be finalized in mid-2022, BitMEX said in a blog post. The financial details of…
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022. The funding round was led by Liberty City Ventures and had participation from some of blockchain’s biggest venture funds, including 10T Holdings, Gemini Frontier Fund,…
Sam Bankman-Fried seemingly came out of nowhere to become one of the wealthiest and influential figures in crypto before the age of 30. The logo of his company FTX is now splashed across professional sports and his opinion on everything from marketing to regulation matters to the whole industry. That’s why crypto investors may want to take notes on his…
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and Investments Commission (ASIC), has warned…
The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets. BRITAIN SETS OUT PLANS…
Cross-chain router protocol Multichain (formerly Anyswap) urges users to revoke approvals for six tokens to avoid loss due to a “critical vulnerability” that is currently being exploited by malicious individuals. Users who approved WETH, PERI, OMT, WBNB, MATIC and AVAX on the Multichain platform are now at risk, experts warn. To avoid loss, the Multichain team advises users to cancel…
The first IPO for the crypto industry in 2022 comes from a Texas-based Bitcoin (BTC) mining company, Rhodium Enterprises. In an SEC filing made last week, Rhodium plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO). Trading under the ticker “RHDM” on Nasdaq, 56.8 million class A and 67.5 million class B shares will…
Cryptocurrency exchange Crypto.com has reportedly fallen victim to a hack, with at least $15 million worth of Ethereum stolen. Despite reports of missing funds, the platform has yet to confirm that it has indeed been attacked. With almost $3 billion in trading volume in the last 24 hours, Crypto.com is the industry’s fourth-largest centralized crypto exchange, according to CoinGecko. A…
Bitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle. As noted by on-chain analytics firm Glassnode on Monday, 30% of the BTC supply is now at a loss — historically, this has been a key number to defend for bulls. Mixed opinions on rebound chances Bitcoin’s descent from $69,000 to current…
The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space for other tokens and currencies, such as ethereum and stablecoins, to enter the…
