Praxis has announced a significant milestone, securing $ 525 million in financing to establish a new city designed to draw in crypto entrepreneurs and champion the ideals of Western Civilization. With a robust community of over 14,000 members across 84 countries and a collective valuation of more than $ 400 billion, the network …
Blockstream, a bitcoin infrastructure firm, announced on Tuesday the successful closure of a $ 210 million convertible note financing round, led by the investment firm Fulgur Ventures. According to the firm, the funds will be directed toward accelerating the adoption and development of Blockstream’s layer two (L2) technologies, such as the Lightning network and …
Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East. Terrorism Financing Is a Small Portion of Already Small Illicit Crypto Volume, Says […]
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders […]
The Ugandan mobility fintech Asaak recently spread its tentacles to Latin America after it bought the Mexican asset financing business Flexclub. The fintech’s CEO suggested that his company’s successful and profitable microfinance business partly influenced the decision to acquire the Mexican startup. Asaak’s Profitable Business The Ugandan mobility fintech Asaak recently said it acquired car […]