Hardware wallet GridPlus plans to open source its encrypted wallet firmware in the third quarter
After the hardware wallet Ledger launched a key recovery service and caused controversy, its competitor GridPlus announced that it will open source the firmware of all its encrypted wallets in the third quarter of this year to propose transparency. GridPlus also stated: “As an industry, we must uphold the highest standards and we call on all other hardware wallet manufacturers to also open source their firmware for the benefit of our ecosystem.” Previous news on May 16, the hardware wallet Le...
Hardware wallet GridPlus plans to open source its encrypted wallet firmware in the third quarter
After the hardware wallet Ledger launched a key recovery service and caused controversy, its competitor GridPlus announced that it will open source the firmware of all its encrypted wallets in the third quarter of this year to propose transparency. GridPlus also stated: “As an industry, we must uphold the highest standards and we call on all other hardware wallet manufacturers to also open source their firmware for the benefit of our ecosystem.” Previous news on May 16, the hardware wallet Le...
UK MPs call on government to regulate cryptocurrencies as gambling
Treasury members in the House of Commons have called on the British government to abandon plans to regulate cryptocurrencies as a financial service and instead regulate them as gambling. It said the Financial Conduct Authority's proposal to regulate the crypto industry could have a "halo effect", giving the impression that crypto is "safer than it is" and could entice people to put money into speculative markets they should avoid.
UK MPs call on government to regulate cryptocurrencies as gambling
Treasury members in the House of Commons have called on the British government to abandon plans to regulate cryptocurrencies as a financial service and instead regulate them as gambling. It said the Financial Conduct Authority's proposal to regulate the crypto industry could have a "halo effect", giving the impression that crypto is "safer than it is" and could entice people to put money into speculative markets they should avoid.
Bitcoin financial service provider River completes $35 million Series B financing
Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel. Other investors in the new funding round include Cygni, Goldcrest and Valor Equity Partners. River last raised $12 million in a Series A round in 2021. River offers a wide range of Bitcoin-related services to individuals and businesses, including a brokerage offering zero-fee dollar cost averaging,...
Bitcoin financial service provider River completes $35 million Series B financing
Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel. Other investors in the new funding round include Cygni, Goldcrest and Valor Equity Partners. River last raised $12 million in a Series A round in 2021. River offers a wide range of Bitcoin-related services to individuals and businesses, including a brokerage offering zero-fee dollar cost averaging,...
Animoca Ventures is raising a second early-stage venture fund
James Ho, head of Animoca Ventures, the investment arm of Animoca Brands, revealed in an interview that Animoca Ventures is currently exploring raising a second early-stage venture fund, adding that some "major Japanese game console makers" have expressed interest. Additionally, Ho said that the Web3 gaming industry has been hit by a general drop in the price of tokens issued by its developers, and nonetheless attracts “some of the best and most experienced gaming companies,” some deep-pocket...
Animoca Ventures is raising a second early-stage venture fund
James Ho, head of Animoca Ventures, the investment arm of Animoca Brands, revealed in an interview that Animoca Ventures is currently exploring raising a second early-stage venture fund, adding that some "major Japanese game console makers" have expressed interest. Additionally, Ho said that the Web3 gaming industry has been hit by a general drop in the price of tokens issued by its developers, and nonetheless attracts “some of the best and most experienced gaming companies,” some deep-pocket...
BlockFi says success or failure of claim against FTX is key to repaying user funds
The recovery of funds from customers and creditors of bankrupt crypto lender BlockFi will depend largely on the company’s claims against its commercial counterparties, including FTX and Alameda. It is reported that BlockFi froze about $355 million in cryptocurrencies on FTX and provided another $671 million in loans to Alameda Research, FTX's trading arm, adding up to more than a billion dollars.
BlockFi says success or failure of claim against FTX is key to repaying user funds
The recovery of funds from customers and creditors of bankrupt crypto lender BlockFi will depend largely on the company’s claims against its commercial counterparties, including FTX and Alameda. It is reported that BlockFi froze about $355 million in cryptocurrencies on FTX and provided another $671 million in loans to Alameda Research, FTX's trading arm, adding up to more than a billion dollars.
