India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not to be identified as the matter…
Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe, the latest move by the platform as pressure grows from regulators across the world. With immediate effect, Binance users in Germany, Italy and the Netherlands would be unable to open new futures or derivatives products accounts,…
Vauld, the cryptocurrency-based financial products platform, has received an investment of $25 million in Series A funding, led by Peter Thiel-backed Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also participated in the round. The funding will be used to support the company’s international growth and licensing as…
Biconomy, a blockchain transaction platform with Indian founders, announced on Thursday that it has raised $9 million in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, and Capital Partners. The fundraise…
Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its monthslong range as short sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors. Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is within a…
Bitcoin fell below $37,000 after briefly surpassing $40,000 following Amazon.com’s denial that its job posting for a digital currency executive meant that it will accept the token for payments this year. It later recovered to over $38,000. Earlier Monday, the job posting from the retail giant seeking an executive to develop the company’s “digital currency…
Any business owner looking to start up or expand their business will have various financing options. These include crowdfunding, angel equity, loans, among others. Of all the available options, loans – personal loans and business loans – are the popular sources of business funding that most people will consider. But which of these two should…
Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after comments from Ark Investment Management LLC’s Cathie Wood and Tesla Inc. Chief Executive Officer Elon Musk helped boost its momentum. The largest cryptocurrency rose above its 50-day moving average on Saturday for the first time since May…
HONG KONG/SINGAPORE (Reuters) – Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its…
Bitcoin regained some of its footing, climbing back above the $30,000 level that some cryptocurrency traders view as a key support level. The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800 as of 7:30 a.m. in London on Wednesday. Other cryptos advanced too, including Ether and Dogecoin,…
