ENTERPRISE
Binance.US Tops its Valuation to $4.5b Stirred by $200m in Seed Raise
Binance.US, the subsidiary of Binance exchange in the United States has raised $200 million in a seed funding round that has given the company a pre-money valuation of $4.5 billion.
UN Refugee Agency Secures $2.5m in Stablecoin Donation for Ukraine
As the war in Ukraine continues to bear its toll, the USA for UNHCR has received a donation of $2.5 million to support families that are most impacted by the ongoing crisis.
BitMEX Lays Off 25% Staff after Failing to Acquire German Bank
BitMEX Derivatives Exchange has reportedly cut off 25% of its staff following information shared with employees last week.
Abra Opens New Division with Yield and Web3 Investment Services for Premium Clients
Abra continues to offer tailored-made investment solutions to Investors by opening a new division.
CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry
Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain network Chiliz Chain 2.0 (also known as CC2).
OneConnect Launches Blockchain Integrated Dual Carbon Innovation Lab
OneConnect Financial Technology Co. Ltd. has announced the launch of the Innovation Laboratory of Carbon Emission Governance Blockchain and Energy Technology (the “Dual Carbon (carbon peaking and carbon neutrality) Innovation Laboratory”).
BitMEX’s Bid Fails to Acquire 268-Year Old German Bank
BitMEX wanted to purchase Bankhaus von der Heydt to leverage its business in Europe. However, the plan didn’t work out. While the reason behind the fallout of the deal is not known, BaFin’s involvement is suspected.
Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
The new partnership will mutually benefit Circle and Mellon Bank.
LocalBitcoins Clocks 300,000 Mobile App Downloads, With Africa Making a Mark
Two months after reaching 200,000 mobile app downloads on iOS and Android, LocalBitcoins has scaled the heights by crossing the 300,000 mark.
Gumi Cryptos Capital Launches $110m gCC Fund II, Investing in Crypto Startups
Crypto venture capital firm Gumi Cryptos Capital(gCC) has launched a $110 million second fund, gCC Fund II, to invest in about 50 cryptocurrency companies through equity and tokens.
