Other Cryptocurrencies

CoinDCX, an Indian cryptocurrency exchange, has become the country’s first crypto unicorn with a $90m Series C fundraise led by Facebook co-founder Eduardo Saverin’s B Capital.

A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.

The Financial Conduct Authority (FCA) has warned operators of crypto ATMs to shut down their machines or face enforcement action.

South Korea government has revealed it is planning to enforce all-inclusive regulations for the digital currency industry in 2024.

A UK consortium of private sector firms will begin a year-long pilot scheme to test cross-border payments and provide recommendations to the Bank of England.

TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.

Jumbo, a provider of a decentralised exchange built on the NEAR Protocol, has picked up $3.5m in funding.

Violet, a provider of privacy-protective compliance and identity infrastructure for DeFi, has bagged $15m in a funding round.

GET Protocol, an Amsterdam-based NFT ticketing company, has successfully raised $4.5m in a seed funding round. The firm presents a novel approach to the ticketing industry by leveraging blockchain technology and introducing a platform that rewards concert-goers with NFT collectibles.

Cryptocurrency exchange Coinbase has acquired Xapo, the secure Bitcoin storage startup.