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Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain, has successfully raised a total of $21 million through a series of strategic funding rounds since December 2024, with recent backing from investors including Castle Island Ventures, Ledger Cathay Capital, Rockawayx, and Sats Ventures. The latest funding round raised $9.5 million, demonstrating strong confidence from … Read more
Acacia Research (Nasdaq: ACTG), a public company focused on acquiring and operating businesses across the industrial, energy, and technology sectors, has announced a partnership to implement a bitcoin-backed commercial loan strategy. Acacia partnered with Unchained Capital, a bitcoin financial services platform, and Build Asset Management, an investment adviser specializing in bitcoin-focused strategies. The collaboration aims … Read more
In a significant development for the local crypto sector, the United Arab Emirates has established a unified regulatory framework through an agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). According to local media, this partnership aims to streamline licensing and oversight for Virtual Asset Service Providers (VASPs) across … Read more
The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust Company due to deficiencies in its anti-money laundering (AML) program and failures in due diligence related to its partnership with Binance. Superintendent Adrienne A. Harris announced that Paxos will pay a $26.5 million penalty and invest an … Read more
The United States has implemented a 39% tariff on imports from Switzerland, effective August 7, 2025, significantly impacting the Swiss gold refining industry. This tariff, the highest among developed nations, specifically targets one-kilo and 100-ounce gold bars, which were previously exempt from such taxes. The move is part of a broader strategy to address a … Read more
Figure Technology Solutions announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its equity securities, anticipated to take place in 2025. The specific number of shares to be offered and the price range for the … Read more
The Chinese Ministry of National Security has issued a warning regarding the potential risks associated with biometric recognition technology, highlighting concerns over data security and privacy. The ministry emphasized that while biometric systems, such as facial recognition, iris scanning, and fingerprint scanning, offer convenience in daily life, improper data management could lead to significant leaks … Read more
Grayscale Investments announced a strategic expansion of its management team and Board of Directors, as the company enters a new phase of growth. The firm has appointed four seasoned executives: Diana Zhang as Chief Operating Officer, Ramona Boston as Chief Marketing Officer, Andrea Williams as Chief Communications Officer, and Maxwell Rosenthal as Chief Human Resources … Read more
On August 4, 2025, Solana Mobile began shipping its highly anticipated Seeker smartphone, fulfilling over 150,000 pre-orders across more than 50 countries. Priced between $450 and $500, the Seeker is designed to enhance the mobile experience for crypto users, featuring a built-in crypto wallet, a decentralized application (dApp) store, and advanced security through its TEEPIN … Read more
Capital B (The Blockchain Group), an artificial intelligence and bitcoin treasury company listed on Euronext Growth Paris, has confirmed the acquisition of 62 BTC for approximately $7.2 million (about €6.2 million). Following this acquisition, the company now holds a total of 2,075 BTC. Additionally, Capital B reported a remarkable Bitcoin yield of 1,446.3% year-to-date (YTD), … Read more
