Showing 303 Result(s)

Terraform Labs ordered to cooperate with SEC probe of Mirror Protocol

Terraform Labs and its CEO Do Kwon must comply with Securities and Exchange Commission (SEC) subpoenas related to the Mirror Protocol, according to a ruling on Wednesday from the US Court of Appeals for the Second Circuit.  The SEC is investigating whether Terraform and Kwon were involved in selling unregistered securities through the Mirror Protocol, which lets users trade crypto tokens that represent popular stocks like Apple and Amazon. The regulator served Kwon with papers at Messari’s crypto conference, Mainnet, …

Algo investment advisor Delphia secures $60 million in Series A round

Algorithmic investment adviser firm Delphia secured $60 million in a Series A funding round led by crypto venture firm Multicoin Capital. Other participants in the round include Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures, Cumberland, Thomas Bailey from Road Capital, and M13.  The new capital will be put towards the launch of the firm’s native rewards token, as well as expand its user base and the way investors can contribute data, per an announcement Wednesday. “Our …

MoonPay builds out celeb concierge service with Meta hire

MoonPay is building out its celebrity non-fungible token (NFT) concierge service following a quiet rollout last year, according to two announcements from new hires joining the team. Former associate director at Standard Chartered Bank, Charlotte Laborde joined MoonPay in February as strategy lead to the COO. On Tuesday she updated her job title on LinkedIn to concierge manager. Justin Johnson, who held a role as creator partnerships lead for North America at Meta, has also announced joining the team. The …

Citadel Securities is gearing up to launch a crypto trading ecosystem for brokers

Citadel Securities, the market-making firm founded by billionaire Ken Griffin, is in preparations to launch a digital assets trading ecosystem for brokerages, according to a source with knowledge of the process.  Involved in the preparations are market-making firm Virtu as well as venture capital firms Sequoia Capital and Paradigm, the source said. CoinDesk first reported the details of the plan on Tuesday. Both Sequoia and Paradigm took part in a $1.15 billion funding round for Citadel Securities earlier this year, …

Coinbase launches hub for rescinded hires to connect with future employers

Coinbase has created a directory of rescinded hires to connect them with other opportunities in the wake of revoking their offers. The hub already has over 300 submissions. The Coinbase Talent Hub, which allows rescinded hires to add themselves for visibility to other recruiters, currently lists 323 candidates at publication time. The directory includes the name, discipline, work authorization, visa status and contact information of individuals affected by the hiring changes. It also includes a job board with over 93 …

Circle launches support for Polygon USDC stablecoin on its payments platform

Quick Take Circle’s institutional clients will be able to convert fiat deposits to Polygon USDC within their Circle Accounts. Polygon USDC is the first bridged version of Circle’s stablecoin to be supported on the company’s payment platform. Circle’s payments and treasury platform now supports Polygon USD Coin (USDC) thus enabling seamless transactions for customers using the stablecoin. According to a Tuesday announcement, Polygon USDC is the first “bridged” version of the stablecoin to be supported on its platform. Bridging in …

BlockFi is raising a down round at $1 billion valuation: sources

Crypto financial services firm BlockFi is in the process of closing a down-round — in which funds will be raised at a lower valuation compared to previous raises — according to three sources with knowledge of the process. BlockFi, which was reportedly raising funds at a valuation above $5 billion last year, provides one signal that the compression of valuations that have hit public markets for tokens and stocks is making its way to private markets.  The firm, founded in …

Crypto IRA provider says it is suing Gemini for alleged role in $36 million breach

IRA Financial Trust, a provider of crypto IRA services, said Monday that it is suing crypto exchange Gemini for its alleged role in the breach of customer retirement accounts. IRA Financial, which has offered clients exposure to crypto via integration with Gemini, said in a press release that the New York-based Gemini’s systems were responsible for the February attack, which resulted in the theft of $36 million from those retirement accounts. The firm said that Gemini’s platform didn’t “have the …

Coinbase pumped the brakes on hiring as Wall Street’s love affair cooled

“I just got an email today saying my offer had been rescinded … due to a massive hiring plan change at Coinbase.” That’s Ashutosh Ukey, who is among the tech industry workers who saw their hopes to work at one of the biggest digital asset exchanges dashed after Coinbase rescinded outstanding offers as part of an effort to scale back hiring. On May 16, Coinbase said that it would slow hiring in response to an ongoing market slowdown. Then, last …

CoinSwitch Kuber launches India’s first crypto rupee index, Economic Times reports

India’s crypto exchange CoinSwitch Kuber earlier this week introduced its Crypto Rupee Index (CRE8), the first benchmark index to measure the performance of the Indian rupee-based crypto market, according to the Economic Times. “Owned and administered by CoinSwitch, CRE8 tracks the performance of eight crypto assets that represent over 85 per cent of the total market capitalization of cryptos traded in Indian rupee. The index is based on real trades on the CoinSwitch app, trusted by 18 million registered users,” …