Digital Financial News

Animoca Brands' Japanese unit raised $45 million in financing at a $500 million pre-money valuation.

Nomura has named a new leader of a its team of dealmakers advising on digital infrastructure deals, a major push at the Japanese bank as it aims to gain ground on larger rivals.

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Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake.

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Coinme, a major cryptocurrency cash exchange based in Seattle and Washington, announced on Wednesday that it has introduced six additional cryptocurrencies to its list of buyable assets from its 10,000 grocery store kiosks across the United States.  

British Columbia, Canada-based Spirit Blockchain Capital Inc. (Spirit), which focuses on blockchain and digital assets, announced that it has received listing approval from the Canadian Securities Exchange («CSE»).

Digital exploits have become a common theme in the crypto industry. At the same time, it has become increasingly rare for protocols to deceive hackers. In a matter of months, Aurora Labs has been able to deflect two potential cross-bridge attacks.

It is the first and only digital securities exchange that has won approval from the FCA with permissions covering trading, custody and brokerage and will launch later this year.Stephen Bird, CEO, abrdn, says: “Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."Abrdn plans to use Archax as a route through which investors can access new investment opportunities through digital securities, connect to existing offerings in a new way through tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new technologies like blockchain.“With Archax, we will have a meaningful footprint in this fast-developing market - which is likely to evolve in a multitude of different ways that are relevant to our core businesses," says Bird.Despite the onset of a crypto winter, asset managers are looking to get in on the sector.

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NFTs worth $100 million stolen, says Elliptic

Chiliz [CHZ], the social engagement fan token, has been witnessing massive growth since last week.

Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017.

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Scammers often impersonate companies or executives through fake emails and social media profiles. Now fraudsters have reportedly taken things to the next level by creating a “deepfake” of an executive at Binance, the world’s largest cryptocurrency platform.

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China's Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides.

A study by the UK-based market research firm Juniper Research recently analyzed the trajectory of the non-fungible token (NFT) market over the next five years. It has predicted that the number of global NFT transactions will hit the 40 million-mark by 2027.

The collapse of Terra [LUNA] foisted upon the general cryptocurrency market ‘extreme market conditions’ that have forced many major crypto lenders to declare bankruptcy.

NFT global sales experienced a sharp decline in volume during the seventh month of the year. This was mainly due to decreased investors’ interest in digital collectibles. But a new course or a battleground might be brewing for enthusiasts to look into.

The NFT market is set to face another big test as bearish headwinds continue to crash floor prices. The latest scrutiny will be confronted in a legal battle now.