Ansible Labs Completes $7M Seed Funding Led by Archetype

Blockchain payments platform Ansible Labs on Wednesday announced the completion of a $7 million seed round of funding led by crypto venture capital firm Archetype. According to Ansible Labs, other participants in the financing round include Castle Island Ventures, A* Partners, Arca, Soma Capital, Plural VC and Eniac Ventures. This round of financing will be used for recruitment, liquidity … Read more

Coinbase Is Under SEC Scrutiny for Staking Programs

Cryptocurrency exchange Coinbase released its second-quarter earnings Tuesday and published its letter to shareholders. In its quarterly form 10-Q filing, US-based Coinbase disclosed that it is under the U.S. Securities and Exchange Commission’s (SEC) scrutiny over its staking programs that allow customers to earn rewards for holding cryptocurrencies. According to the filing, Coinbase “has received investigative subpoenas and … Read more

Ripple Discloses Interest in Bankrupt Crypto Lender Celsius Network

Blockchain payments firm, Ripple Labs Inc, is reportedly interested in the bankrupt crypto lending platform Celsius Network. As reported by Reuters, a company spokesperson gave insight into the company’s interest but failed to state in what capacity the payments unicorn hopes to show interest. “We are interested in learning about Celsius and its assets and … Read more

Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Hotbit, a cryptocurrency trading platform based in Hong Kong, announced on Wednesday that it has suspended trading, deposit, withdrawal and funding functions because law-enforcement agencies have frozen some of the company’s funds during a criminal investigation involving a former employee. Hotbit confirmed an employee in question worked for the company until April this year. The exchange … Read more