Singapore-based Crypto.com Capital announced today that it is expanding the size of its fund to $500 million, from the $200 million it announced in March 2021.Jon Russell, its newly hired General Partner based in Bangkok, told CoinDesk the fund will do seed and series-A deals, typically up to a $10 million check for the series-A.So far Crypto.com’s maiden fund has invested in … [Read more...] about Crypto.com Capital Expands $200M Fund to $500M
Expands
Ramp expands presence in US with FinCEN regulation
On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC hadreceived its registration as a Money Service Business with the Department of Treasury's Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the U.S. Besides the development, Ramp also has regulatory clearance … [Read more...] about Ramp expands presence in US with FinCEN regulation
Bullish Expands Worldwide as Daily Trading Volume Tops $150M
Crypto exchange Bullish said it is expanding to over 40 jurisdictions in Asia-Pacific, Europe, Africa and Latin America, giving institutional and retail investors access to its liquidity pools totaling more than $2 billion.Since it opened in November, the exchange has achieved 24-hour total trading volume of over $150 million, Bullish announced Tuesday.It has also “hydrated its … [Read more...] about Bullish Expands Worldwide as Daily Trading Volume Tops $150M
BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
BCB Group, the crypto-dedicated payments services provider, has acquired fintech-focused Sutor Bank, gaining control of a German bank to drive its expansion in the European Union.Terms of the deal, which requires approval from the German regulator, BaFin, were not disclosed. BCB said it expects the transaction to be cleared by the end of February.“Adding a fully licensed bank … [Read more...] about BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
Compute North and Marathon Digital extended their hosting agreement to more than 100,000 bitcoin mining machines across the U.S., according to a statement issued on Wednesday. The units will be powered mostly by wind and solar energy.The agreement is an expansion of the companies’ previous hosting deal of 73,000 miners in May.The pact will make Marathon’s mining operations “not … [Read more...] about Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners