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Amber Group Secures $300M Funding Led by Fenbushi Capital US

The blockchain-focused venture capital firm Fenbushi Capital US has led Amber group’s new $300 million Series C investment round, the business announced on Twitter on December 15. As a result of the FTX collapse, Amber has opted to delay its Series B fundraising. And go through with its Series C

December 17, 2022 1 min read

Incoming UK FCA Chair Criticizes Crypto Sector Over Money Laundering

Following the demise of the FTX exchange. The crypto sector across the globe has been dealt with a stringent hand in terms of regulations. Incoming FCA chair Ashley Alder is the most recent person to comment on the sector. On December 14th, he warned MPs that cryptocurrency platforms enabled widespread

December 17, 2022 1 min read

Chiliz’s Latest Series of Fan Tokens Are Listed on MEXC for the Secondary Market Expansion

Recently,Socios.com,Chiliz’s fan token creator, and several football clubs launched the latest fan tokens. These tokens collectively had their initial launch on the cryptocurrency trading platformMEXC to expand their scale in the secondary market. There are 16 clubs that launched fan tokens, including Everton FC Fan Token, Crystal Palace FT, Leeds

December 17, 2022 2 mins read

Prominent Auditing Firm Mazars Stops Services For Crypto Sector

Binance, a cryptocurrency exchange, said on Friday that its auditor, Mazars, has ceased services for cryptocurrency enterprises, including cryptocurrency exchanges, as reported by Bloomberg. A representative for Binance claims that the French accounting firm Mazars would not provide services, such as proof of reserves, to cryptocurrency exchanges. Binance, KuCoin, and

December 16, 2022 2 mins read

SEC Charges Social Media Influencers in $100M Stock Scam

The SEC has now stated that it would be pursuing charges against eight social media influencers in connection with a $100 million securities fraud scheme. Social media sites like Twitter and Discord were used in this plan by the defendants to affect publicly listed stock prices. Furthermore, the SEC has

December 14, 2022 2 mins read

Japanese Power Behemoth ‘TEPCO’ Forays Into Crypto Mining Sector

Tokyo Electric Power Grid (TEPCO), a Japanese utility company, is collaborating with TRIPLE-1. The goal is Bitcoin mining, and by extension, making use of the grid’s surplus of electricity. As a regional hardware producer, TRIPLE-1 is a household name. During the 2012 earthquake and tsunami that hit the Fukushima area,

December 14, 2022 2 mins read

Thailand SEC Warns of Stricter Crypto Regulations Post FTX Fall

Due to the FTX’s demise, another financial regulator stepped in. To safeguard its citizens’ savings, the Thailand Securities and Exchange Commission (SEC) is preparing to implement stricter rules on crypto assets in line with those of the international market. The SEC reportedly argued that authorities should take a more active

December 14, 2022 2 mins read

Hybrid Entertainment and Technology Company Trioscope Secures Bridge Funding From Entertainment Development Collective KRAFTON, Inc.

LOS ANGELES–(BUSINESS WIRE)–#krafton—Trioscope, the groundbreaking entertainment and technology company behind Netflix’s The Liberator, today announced it has closed the first tranche of bridge financing, led by KRAFTON, Inc., a collective of independent development studios that invests across multimedia entertainment. Recognized for introducing a whole new lane of hybrid entertainment that

December 13, 2022 2 mins read

Binance Labs Leads Funding in Web3 Security Firm GoPlus Security

Binance Labs, the venture capital arm of the biggest cryptocurrency exchange in the world, has announced it would lead a private round II for GoPlus Security. A move that is in line with the company’s aggressive investment ambitions despite the current bear market. Not much is known about the investment’s

December 12, 2022 1 min read