CoinSwitch Publishes 2nd Edition of Proof of Reserves, Showing Higher Crypto Assets and INR Balances Than Users

CoinSwitch, India’s largest crypto-investing platform, has published the second edition of its Proof of Reserves (POR), demonstrating the transparency and verifiability of the platform’s claimed assets. The independent review and on-chain validation showcase that CoinSwitch’s overall holdings of crypto and INR balances are higher than those of its customers. The INR equivalent value of the … Read more

SphereOne Raises $2.5M to Build Crypto for Grandmas

SphereOne, a crypto payment platform that allows users to make purchases with any cryptocurrency, across any blockchain, today announced that they’ve closed a $2.5M seed round led by Distributed Global and participation by Newark Venture Partners, Zero Knowledge, as well as angel investors Leore Avidar of Alt.xyz and Lob.com and Eric Feldman of Bolt.com. The SphereOne platform prioritizes immediacy in transactions and features include a 1-click … Read more

CoinSwitch appoints Shiva Tadikonda as Chief Compliance Officer

Shiva Tadikonda has been named the Chief Compliance Officer at CoinSwitch. The hiring fits in with the business’ ongoing efforts to fortify its legal and regulatory frameworks in order to develop a compliant wealth-tech platform. Tadikonda has more than 35 years of experience in management information systems, compliance, banking, credit analysis, and commercial banking (MIS). … Read more

Crypto investment platform Pillow raises $18 Mn in series A Funding

Pillow  a singapore-based crypto investments platform has raised $18 million in series A funding. the round is co-led by Accel, Quona Capital, Elevation Capital and Jump Capital. Elevation Capital were also the first seed investors in Pillow, having led the round in 2021. Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, the … Read more

KuCoin Celebrates 5th Anniversary, Announces Expansion Plans

Since its founding in 2017, KuCoin has expanded from its original seven co-founders to a highly effective team of over 1,000 people across the globe, scaling 142 times. The exchange currently serves 20 million crypto users across more than 200 countries. Along with the rapid growth in the number of users, the cumulative trading volume … Read more

Top Crypto Media Websites According to Traffic per Similarweb Report

With the expansion in crypto market, there has also been a tremendous increase in the crypto media and information companies around the world. Media and news houses that cover the cryptocurrency and blockchain space help readers and both new and old users to make better informed decisions about trading and investing in projects, coins and … Read more

CoinSwitch named Ramesh Bafna as Chief Financial Officer

As part of its mission to “make money equitable for all,” Indian cryptocurrency investment firm CoinSwitch has named Ramesh Bafna as its chief financial officer. The company is transitioning into a wealth tech platform that focuses exclusively on cryptocurrencies. A seasoned executive with more than 18 years of experience, Bafna has overseen the financial workstreams … Read more

Crypto Startup KaJ Labs Raises $400M Seed Round Led by GEM Digital For Lithosphere’s (LITHO) Development

KaJ Labs made headlines with the announcement of its blockchain platform Lithosphere and its unique interoperability capabilities. The foundation just announced that Lithosphere has sold $400 million LITHO tokens to Global Emerging Markets (GEM) digital, Four capital and individual investors. GEM is a $5 billion alternative investment group based in the Bahamas. This deal marks … Read more

Texas Bitcoin Miners Turn Off to Conserve Power for the Grid

The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday. Some facilities shut down while many will ramp down in the afternoons this weekend when power is in high demand but then turn back on … Read more

Crypto Startup Moralis Raises $40 Mn in Fresh Funding

Moralis, a platform that provides developer tools for web applications built on top of blockchains, is to announce a $40 million funding round on Wednesday. According to persons familiar with the data who asked not to be identified because the information is confidential, Moralis, which debuted its platform last June, is now valued at $215 … Read more

Binance Announces Former Deputy US Attorney as its First Deputy General Counsel

Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, today announced the appointment of Joshua Eaton, former Deputy U.S. Attorney in the Northern District of California, as Deputy General Counsel. Eaton will lead the organization’s legal affairs, supporting global compliance, investigations, and law enforcement coordination activities. Eaton brings over 20 years of experience … Read more

Eros Investments partners with Dubai World Trade Centre Authority to develop the Web3 ecosystem

Eros Investments, a leading Global Media, Entertainment & Technology portfolio of ventures, announced a strategic partnership with the Dubai World Trade Centre Authority (DWTCA) to operate under the world’s only specialist Virtual Asset Regulatory Authority (VARA), and enable growth of the worldwide Web 3.0 industry and associated blockchain businesses from Dubai as the Hub. Foundational … Read more

CoinDCX launches venture investment arm CoinDCX Ventures

CoinDCX, an Indian crypto exchange, has announced the creation of CoinDCX Ventures, an investment effort that will fund early-stage crypto and blockchain firms, bolstering India’s digital asset ecosystem and speeding up the digital economy’s transformation. The initial fund is estimated to be worth Rs 100 crore, with funds coming entirely from the company’s financial sheet … Read more

CoinDCX Secures $135 Million, Valuation Doubles To $2.15 Billion

CoinDCX, India’s most valuable crypto trading platform, has secured $135.9 million (about Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital, more than doubling its valuation to $2.15 billion in less than a year. The money comes as cryptocurrency exchanges in India are subjected to new taxation restrictions. Due to limited access … Read more

Polygon raises $450M from Sequoia India, Galaxy, Tiger Global and SoftBank

Polygon (previously Matic Network), an Ethereum scaling project, has raised $450 million in its first major venture capital round, led by Sequoia Capital India, with participation from Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund, and … Read more

Global crypto investing platform Mudrex raises $6.5M


Mudrex, a Y Combinator-backed crypto investing platform based in Bengaluru and San Francisco, revealed on Tuesday that it has raised $6.5 million in pre-Series A funding from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. Mudrex, founded in 2018 by Edul, Alankar Saxena (CTO), Rohit Goyal (VP, DeFi), and Prince Arora (VP, Engineering), simplifies … Read more