BitGo Raises $100 Million in Funding, Valuation Reaches $1.75 Billion
The startup's valuation now stands at $1.75 billion. The company did not disclose investors in the latest round. Cryptocurrency custodial service BitGo was able to secure $100 million in investment in its latest funding round, Bloomberg reported. The firm did ...
PayPal Suspends Cryptocurrency Purchases for UK Users: New FCA Rules Prompt Decision
U.K. users will not be able to buy cryptocurrencies through Paypal from October 1, 2023. The functionality is planned to be restored in early 2024, the exact date is unknown. PayPal made this decision due to the introduction of new FCA rules, media reports said. ...
Sandwich Bots: Automated Programs Exploit Cryptoassets, Raising Concerns in the Cryptocurrency Community
Automated programs called "sandwich bots" have made millions of dollars by bypassing profitable orders to buy popular cryptoassets. Successful "sandwich bot" attacks first became widely known in 2021, thanks to a study by Eden Network. With the help of special bots, an ...
Latam Gateway Licensed as Electronic Money Issuer in Brazil, Collaborating with Binance
Operator Latam Gateway, working with the largest cryptocurrency exchange Binance in Brazil, was licensed by the local central bank as an electronic money issuer and payment provider. Latam Gateway acts as an intermediary for foreign companies in the country, ensuring the ...
Indian Exchange WazirX Claims Binance Controls WRX Turnover and Burning
The Indian exchange has issued a new statement It claims that Binance has full control of the WRX turnover and is responsible for the burning Anciently there was a heated fight between the companies Binance insists it has no links with WazirX ...
Moon Mortgage Launches Mortgage Lending Service Secured by Cryptoassets
Moon Mortgage Launches Mortgage Lending Service Backed by Cryptoassets. Moon Mortgage, a cryptocurrency lending platform, has unveiled its latest service - mortgage lending backed by cryptoassets. This new offering is available to all holders of liquid cryptoassets who want to use borrowed fun ...
Canada to Tighten Supervision Over Pension Insurance and Crypto Investments
The Canadian federal government is taking measures to increase oversight on pension insurance through legislative changes. The draft 2023 budget has been modified to require federally regulated pension funds to report their cryptocurrency investments to the Office of the Governor of Financial Ins ...