SEC alleges fintech and ‘market maker’ firms manipulated crypto market in token scheme
The United States Securities and Exchange Commission, or SEC, has announced charges against Hydrogen Technology Corporation and its market marker Moonwalkers Trading Limited related to allegedly perpetrating a scheme to manipulate the trading volume and price of Hydro tokens. In a Sept. 28 announcement, the SEC said former Hydrogen CEO Michael Ross Kane hired Moonwalkers […]
Chinese chip designer reportedly filed for $50M Nasdaq IPO
Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions. According to information obtained by the Renaissance Capital IPO monitoring tool, the Huangzhou-based crypto mining chip maker has filed with the U.S. regulator Securities and Exchange Commission […]
Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022
“Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility. This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading […]
Blockchain.com names custody partner for its institutional offering
Blockchain.com, a cryptocurrency exchange and financial services firm, has named Standard Custody & Trust Company as the custodian for Blockchain.com and Altis Partner’s new institutional platform, Blockchain.com Asset Management (BCAM). On April 6, Blockchain.com introduced a suite of institutional investment solutions that combine the crypto trading infrastructure, research and security software services of Blockchain.com in […]
Exodus crypto wallet starts trading on SEC-registered platform
Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise. Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock. […]
Bitcoin miners believe global hash rate to grow ‘aggressively’
Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network […]
Bitcoin miner Rhodium set for IPO, valued at $1.7 billion
The first IPO for the crypto industry in 2022 comes from a Texas-based Bitcoin (BTC) mining company, Rhodium Enterprises. In an SEC filing made last week, Rhodium plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO). Trading under the ticker “RHDM” on Nasdaq, 56.8 million class A and 67.5 […]