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Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The approval adds to Crypto.com’s growing list of regulatory approvals worldwide, further solidifying its global presence. Meanwhile, Amber Group’s … Read more
Amber Group has criticized ZKX protocol’s abrupt decision to cease operations, stating that it sets a concerning precedent. Hashkey Capital, another market participant, has also expressed dissatisfaction with ZKX’s lack of transparency and accountability. ZKX founder Eduard Jubany Tur identified limited user engagement and low trading volumes as factors that ultimately impacted the protocol’s financial … Read more
The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects. Go to Source
Over the past week, $SAFE has experienced a notable 15% price surge, attracting significant attention from major players in the crypto market. Among them, Wallet 0x011, likely associated with Amber Group, has been particularly active. Recently, this wallet withdrew 499,995 SAFE, valued at approximately $1.09 million, from Gate.io at a price of $2.188 per token. … Read more
Crypto exchange Binance said its “hardcore” work culture could explain some of the results, while recruiters warn the data should be taken with a grain of salt. Go to Source Powered by WPeMatico
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve … Read more
Amber Group secured a $200 million investment which has resulted in a 3x increase in its valuation since last summer. Go to Source Powered by WPeMatico
On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind … Read more
According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.” Go to Source Powered by WPeMatico
Amber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy is said to make them market neutral, allowing customers to … Read more
