China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
Crypto firm Cobo scores $40m Series B to develop DeFi platform
Singaporean FinTech firm Cobo has raised $40m from a Series B funding round to develop what it claims is the first ever DeFi-as-a-service platform.
eToro boosts investor exposure to diverse assets with DeFi portfolio launch
Investment platform eToro has unveiled a decentralised finance (DeFi) portfolio to offer investors ‘long-term exposure to key projects in the DeFi ecosystem’.
US set to sanction crypto wallets and exchanges in ransomware crackdown
The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.
Digital currency compliance platform Coinfirm hits Series A close on $8m
Coinfirm, an AML compliance solution for digital currencies and blockchain-based financial ecosystems, has closed its Series A funding round on $8m.
Mastercard enters agreement to buy crypto intelligence firm CipherTrace
Mastercard has agreed to acquire cryptocurrency intelligence and blockchain analytics firm CipherTrace for an undisclosed fee.
Cabital pockets $4m in seed round to further strengthen its crypto offering
Singapore-based digital assets institution Cabital raised $4m in seed funding led by SIG, Dragonfly, and GSR, pushing the company’s valuation to $40m.
UK financial watchdog issues fresh warnings on crypto risks after Kimmie K’s Insta post
UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.
Paradigm leads $8m Series A into DeFi lending company Euler
UK-based DeFi lending protocol organisation Euler raised $8m in Series A funding led by Paradigm.
Brokerage platform Alpaca inks $50m to help FinTechs with embedded equities, partners with Plaid
Alpaca, a stock brokerage platform that offers APIs for FinTech apps to connect and trade in US stocks, raised $50m and plans to launch cryptocurrency trading.
