Binance raises $ 500 million fund to invest in Web3 startups

Binance raises $ 500 million fund to invest in Web3 startups

Binance is the world’s largest cryptocurrency exchange, handling $ 490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $ 500 million for its debut … Read more

Frozen embryos will keep accused bitcoin money launderers from fleeing

Frozen embryos will keep accused bitcoin money launderers from fleeing

The Bitcoin logo is displayed on the screen of a Bitcoin ATM on November 10, 2021 in Los Angeles, California. Mario Tama | Getty Images A lawyer for the New York couple accused of an “extraordinarily complex” scheme to launder $ 4.5 billion in stolen bitcoin argues in a court filing that they are not … Read more

Gold has remained steady as stocks and bitcoin have plunged

Gold has remained steady as stocks and bitcoin have plunged

A worker removes cooled 12 kilograms of gold ingots from their molds in the foundry at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Thursday, Dec. 9, 2021. Andrey Rudakov | Bloomberg | Getty Images Gold prices have remained resilient in recent weeks in the face of broad market volatility, decoupling somewhat from its … Read more

Crypto start-ups raised huge venture funding rounds in January

Crypto start-ups raised huge venture funding rounds in January

A bitcoin sculpture made from scrap metal is installed outside the BitCluster cryptocurrency mining farm in Norilsk, Russia, on Sunday, Dec. 20, 2020. Andrey Rudakov | Bloomberg | Getty Images Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash even as investors grow wary about … Read more

Crypto exchange FTX valued at $ 32 billion amid bitcoin price plunge

Crypto exchange FTX valued at $ 32 billion amid bitcoin price plunge

Cryptocurrency exchange FTX saw its valuation swell to $ 32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices. The Bahamas-based company said Monday that it raised $ 400 million in a Series C financing round – its … Read more