In a recent exclusive interview with Cryptonews, Spencer Farrar, a Partner at Theory Ventures, talked about the recent difficulty of raising capital and how the Theory team managed to do it. Chatting with Cryptonews Podcast’s host Matt Zahab, Farrar discussed the necessity of projects having an edge that makes them unique and attractive to investors.…
Read more
The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration. CFTC Settlement Terms and Fines Against Falcon .@CFTC Issues Order Against #Crypto Prime Brokerage Firm for Illegally Providing U.S.…
Read more
Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain during an interview with Bloomberg anchor David Westin. Johnson, a granddaughter of Franklin Templeton founder Rupert Harris Johnson, joined the company…
Read more
Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh mining-related proposals to the Cabinet. Lawmakers want to bundle the proposed measures in a…
Read more
The International Monetary Fund (IMF) recommended on May 10 that Nigeria regulate crypto trading platforms amid the African nation’s detainment of two Binance executives, according to a United Nations Thursday staff report. Nigeria Should Regulate Crypto Trading Platforms, IMF Report Says “Staff recommends that global crypto trading platforms be registered or licensed in Nigeria and…
Read more
A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter. The 70-year-old man and his 30-year-old son were arrested on suspicion of false imprisonment and assault, according to…
Read more
Franklin Templeton, a powerhouse asset manager overseeing trillions in assets, has spotlighted Base, an Ethereum Layer 2 network incubated by Coinbase, as a frontrunner in the realm of Social Finance (SocialFi) with its prime application, Friend.tech. With its innovative approach and strategic partnerships, Base is poised to capture a significant share of SocialFi activity, marking…
Read more
Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country. Thousands have taken to the streets in the capital Tbilisi in recent days, with smaller protests also taking place in the cities of Zugdidi, Kutaisi, and Gori. But the State Security Service of Georgia…
Read more
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday.According to a press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC…
Read more
Web3 games are having an excellent week, with Nyan Heroes, Shrapnel, and The Sandbox in the spotlight. Quite a few new developments hit the market over the past three days, including partnerships to bring TV competitions into the metaverse with special perks for players, debuting the rank mode of popular hero shooters, and simplifying in-game…
Read more
