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$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor.According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of

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Paxos Launches Settlement Platform for Equity Securities After SEC Relief

Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities.In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received

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Overstock ex-CEO Patrick Byrne Sold All His Equity Holdings to Buy Crypto and Gold

In recent news, Patrick Byrne, the former CEO of Overstock, has sold all his Overstock equity holdings worth about $90 million to shift his investments to different assets like precious metals and cryptocurrencies.Patrick Byrne shared the letter on his personal website. Within the letter he reveals that he had dumped

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Neufund Launches Blockchain-Driven Equity Token Sale for Retail Investors Out of Lichtenstein

Berlin-based tokenised equity crowdfunding platform Neufund is releasing its first issuer to retail investors on their platform called Greyp, an electrical mobility platform backed by Porsche, Camel Group and T-mobile. It’s a sister company of Rimac Automobili, a car manufacturer founded by Croatian Entrepreneur Mate Rimac. The offering starts on

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Circle Looks to Raise $100M for Its Equity Platform SeedInvest

Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest.According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest's senior leadership

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Bibox Europe Official Launch on Track, Raises Equity Investment from a Global Top-10 Bank

Bibox, the AI-enhanced encrypted digital asset exchange has announced plans to cater to European customers with the upcoming launch of Bibox Europe. Equipped with the necessary license in Europe, the company will be opening doors to the public as a fully regulated Blockchain Financial Service Institution.The company’s plan to launch

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Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility

Morgan Creek-backed blockchain equity loan platform Figure has completed a $1 billion “uncommitted” financing facility via blockchain, the firm announced in a press release on May 9.Custodied on Figure’s blockchain platform Provenance.io, the new facility was closed along with major global investment banking firm Jefferies and multi-billion dollar financial

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