Tag Archives: Business News

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The partnership between SEBA Bank and Hashkey Group is forged to restore trust and allay fears from investors across the board.Swiss digital currency bank SEBA Bank has inked a strategic partnership with Hashkey Group to float new products and services that will drive institutional adoption of cryptocurrencies. As announced, both firms have signed a Memorandum of Understanding (MoU) to solidify the partnership with a drafted approach to maintain regulatory requirements in the jurisdictions...

Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.A new report has surfaced about a capital injection of over $1.15 billion that was carried out by Sam Bankman-Fried‘s Alameda Research. This was prior to the time that crypto prices began heading for the rocks. According to the report, the capital, which is Alameda Research’s biggest venture investment to date, was put into Bitcoin mining firm Genesis Digital Assets. Although, according to another...

Amongst other things, GK8 will help solidify GalaxyOne, the bigger company’s trading platform.Cryptocurrency financial services firm, Galaxy Digital Holdings Ltd (TSE: GLXY) has been selected as the winning bidder for Celsius Network’s owned custody outfit, GK8. As announced by the company, the acquisition is a part of the divestment agenda of the bankrupt crypto lender and it is subject to regulatory approval.GK8 provides a secure institutional digital asset self-custody platform that...

GoTo is not the only Asian tech company to plummet in valuation after its public launch.In the most recent waves hitting global tech startups, Indonesia’s GoTo has lost about 70% of its valuation since its IPO in April. The startup company was one of the 11 companies that raised over $500 million from its maiden share sales. At the time, GoTo was Asia’s third-largest IPO startup, after generating approximately $1.1 billion. For about 10 consecutive sessions, the value of GoTo Group shares has...