Platform insights

Symbolic Capital, the Venture Capital firm owned by the duo of Polygon co-founder, Sandeep Nailwal and Cere Network’s founder Kenzi Swang has raised $50 million to back Web3.0 startups. 

OKRemit and Coins.ph are joining forces to offer better cross border payments between Japan and the Philippines.

Binance are contuning their spread of crypto education by presenting to the Philippino government on crypto regulations.

Following Celsius' bankruptcy proceedings, US trustee requests an examiner to inspect transparency issues within Celsius.

Binance recently announced the inclusion of $STG in their Innovation Zone. The innovation zone is Binance's offered allowing people to trade riskier up and coming currencies.

Despite retaining interest in their Ziglu investment, Robinhood have halved their investment amount citing recent market troubles.

Investment in Web3 companies has seen a surge in the last year - even during the bear market. Google is one of the biggest investors having pumped $1.5B into the space.

CoinFund have raised $300M in funding from various partners to invest in multiple Web3 projects and brands. Some of the money will go to elevate brands they have already invested in while the remainder will be used to source new hot potentials.

Binance has received in-principle approval to operate services within Kazakhstan. This isn't full approval and they will need to apply to be approved, but it's yet another step in the growing partnership between Binance and Kazakhstan.

Tornado Cash, the popular crypto mixer that's been used to hide the addresses and transactions from countless crypto scams, is once again in the news. The Dutch authorities have arrested a 29-year-old developer suspected of helping create Tornado Cash.

Blackrock joins forces with Coinbase to offer crypto trading to their institutional clients.

Cardano becomes the latest cryptocurrency to join Sygnum Banks growing portfolio.

In the latest move to get back on track, Celsius has employed the legal firm Kirkland & Ellis LLP to help with restructuring.

In the latest interview, Sam Bankman-Fried, the CEO of FTX, shared that he still has funds for saving companies facing financial trouble.

A recent report by Coinbase holds the worsening macroeconomic state and negative sentiments towards crypto responsible for the current market situation.

Celsius, the financially troubled crypto network, has been steadily repaying loans to sustain itself. In its latest slew of repayments, Celsius has paid off $120 million impending debt to Maker.

Vauld, a lending platform backed by Coinbase, has halted transactions, trading, and withdrawals due to the ongoing slump

Following the collapse of 3AC, co-founder Zhu’s Singapore mansion has been reportedly put up for sale. After the TERRA/LUNA disaster, 3AC landed in financial trouble. 

CoinFLEX CEO claims that Roger Ver (a.k.a. Bitcoin Jesus) is responsible for the withdrawal freeze and $47 million USDC debt.

Sam Bankman-Fried, the founder and CEO of FTX, has claimed that more third-tier exchange failures are on the way

In contrast to what the earlier reports hinted, Sam Bankman-Fried has no intention of buying Robinhood.

In a recent interview, Ripple CEO Brad Garlinghouse stated if the US Securities and Exchange Commission wins the lawsuit, Ripple will bid adieu to the country. 

What's the best-performing cryptocurrency exchange in terms of audience, users, and trading volume? We've broken down the numbers to help you find the best exchange for your needs.

The average time on site for cryptocurrency exchanges is vastly higher than you'd expect. But who are the top performers?

BitMEX co-founder and former CEO Arthur Hayes pleaded guilty to the violation of the Bank Secretary Act in February. According to the report from Bloomberg, Arthur asked for no jail time and permission to travel without constraints.

Coinbase took out the first loan from Goldman Sachs, collateralizing bitcoin. Goldman Sachs manages over $2.5 trillion in assets as of 2021. The report was published by Bloomberg, which mentioned that Coinbase’s decision to take out the loan is envisioned to strengthen the relationship between crypto and traditional finance.

Global crypto exchange Crypto.com recently announced its decision to reduce the Cronos staking rewards for most of its Visa cardholders. The decision had an immediate effect on the token price, causing it to fall almost 30% in the week.

Binance, a cryptocurrency exchange, has announced the simultaneous launch of three significant educational programs aimed at informing Indian investors and students about the cryptocurrency and blockchain ecosystem.

Saddle Finance has lost more than $10 million after a recent hack. The assault was recognized and spread on Twitter by Saddle Finance’s development staff.

"Coinbase Intelligence," a package of tools delivering crypto compliance solutions for companies, financial institutions, law enforcement agencies, and anybody new to digital assets, has been released by Coinbase.

0x Labs, a decentralized exchange infrastructure provider, located in San Francisco, has raised $70 million in a Series B investment headed by Greylock Partners at an undisclosed value. Pantera, Jump Capital, OpenSea, and Jared Leto were among the investors in the round. ‍

The battle between Ukraine and Russia drew the entire world together to support the country. In this battle, crypto was widely used, and the rising use of these assets prompted Ukraine to make them lawful.

‍Kraken has been awarded a license to operate in the United Arab Emirates, becoming the latest cryptocurrency exchange to obtain one.

Coinbase is aiming to expand globally with its new acquisition. It is reportedly planning to acquire the Turkish crypto exchange, VtcTurk. The purchase is estimated to be worth $3.2 billion.‍

Coinbase has been accused of insider trading, according to evidence uncovered by crypto sleuths.

Ledger customers have filed a class-action lawsuit following a 2020 data breach. The breach leaked information of over 1 million users. The lawsuit also links Shopify, which is said to have played a role in the violation.

In what appears to be a coordinated international effort to shut down the dark web marketplace Hydra, the actions seemed effective as the German authorities closed down the largest darknet market.

Crypto hardware wallet company announced a significant collaboration with The Sandbox. The collaboration primarily aims at spreading awareness about crypto security.

Polygon ID, the network's zero-knowledge (ZK) digital identity platform, is expected to be ready by the end of the year. The company is developing the new ZK-proof identity solution to help users safeguard their privacy on blockchain-based Web3 platforms.

OpenSea mentioned in a tweet that more than 80% of the NFTs minted with the feature were fake or spam.

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