The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Amber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company Fenbushi Capital US, the firm announced on Twitter on Dec. 15. The new funding round comes...Continue Reading

A tournament to find and support new Bitcoin companies could be a way of attracting developers from Web3 ecosystems to crossover to Bitcoin. Bear markets are for building Bitcoin (BTC) companies. At least, that’s what the Legends of Lightning, a nine-week contest for competing Bitcoin businesses, would indicate.  The tournament-come-hackathon ran more than 65 events...Continue Reading

In Huobi’s most recent industry report, dissects the most discussed crypto-related terms, countries with high levels of activity in the industry, regulations and more. Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation – and the data shows. In the latest industry report from cryptocurrency...Continue Reading

The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts. A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research. The...Continue Reading

U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury. The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals with digital assets...Continue Reading

Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail. United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million...Continue Reading

As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale. The Japanese government is set to ease tax requirements for local crypto firms, as it pushes to stimulate growth in the domestic finance and tech sectors....Continue Reading

Binance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves. Blockchain analytics provider CryptoQuant has released a report analyzing the recently released proof of reserves audit of the world’s largest crypto exchange, Binance. Centralized exchanges have been cast into the spotlight over the past month following the...Continue Reading

The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process. On Dec. 15 lawyers representing FTX filed a motion with the United States Bankruptcy Court seeking permission to sell off the firm’s Japanese and European branches, derivatives exchange LedgerX and stock-clearing platform Embed. The lawyers...Continue Reading

Even conservatives and MAGA supporters are not pleased with Trump, as they were hanging on for a more serious announcement from the former president. Former president and crypto hater Donald Trump’s bizarre NFT collectible project has left the community baffled. Even conservatives and avid MAGA supporters are scratching their heads, while analyst Eric Wall likened...Continue Reading