Monday, December 23, 2024
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DTCC acquires blockchain startup Securrency in a $50 million deal

The Depository Trust & Clearing Corp. (DTCC) has acquired blockchain startup Securrency Inc. for an estimated $50 million, marking its first buyout in a decade and signaling a significant push into blockchain-based financial services. In a strategic initiative to enhance its blockchain technology offerings, the Depository Trust & Clearing Corp. (DTCC)

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Bankruptcy judge approves $175 Million settlement between FTX and Genesis Global Trading

Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX. At the same time, the New York Bankruptcy Judge Sean Lane has also removed several claims made by FTX debtors against Genesis. Claim withdrawals  As per the filed documents, the court

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EV Charging Operator ChargePoint Announces $232 Million Raise, CHPT Stock Tanks 15%

ChargePoint stock comes under severe selling pressure as the company liquidates equity for another major fundraise. On Wednesday, October 11, EV charging network operator ChargePoint Holdings (NYSE: CHPT) announced its plans to raise a staggering $232 million through the stock sale. This was enough to send the ChargePoint stock spiraling downwards

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Web3 foundation plans to allocate $22 Million to Polkadot projects

The Web3 Foundation, a firm whose flagship project is the Polkadot blockchain protocol, has unveiled a new initiative to allocate $22.08 million and 5 million DOTs throughout the year 2024. This move aims to bolster the existing community-governed funding mechanism, which originates from the Polkadot Treasury. More updates to come Web3 Foundation was

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