- This will be DAG Global's second attempt at a full banking license in the U.K., after its failed attempt in 2018.
- The company is hopeful regulators will approve its application this time, seeing how it has not raised any "red flags" so far.
- In order to expand its global reach, the firm decided to launch two new custodial subsidiaries in Switzerland and Germany.
- By being regulated by different financial authorities, the two entities will provide its clients with the option to choose a jurisdiction.
- Despite the early announcement, the market reaction only occurred as the changes were about to go live.
- The company is also working on additional features that could increase the demand for Nexo tokens significantly.
- The new capital will be used to expand Clear's 30-strong team and telecom operations, as well as to look into possible expansion in other industries.
- Led by Fidelity's VC arm, the Series A funding round saw participation from a number of venture funds belonging to global telecoms leaders.
Wikipedia Founder Jimmy Wales Announced as Keynote Speaker at The CoinGeek London Conference (Updated)
- The conference is advertised as an opportunity to meet and chat with Craig Wright himself.
- Wales has expressed severe scepticism of Wright's claims in the past.
- The venture arms of Samsung and Salesforce participated in the second Series C funding round for Digital Assets.
- The company was able to gather around $35 million in its first Series C funding round, which was held back in December.
- The change of direction is part of a series of decisions aimed at expanding BitPay's user base.
- The company has explained the potential risks with the new approach, and the measures taken to allow for the same smooth user experience as before.
- Though the company has not specified the amount of the investment, it did say that it has now raised "more than $14 million".
- The investment was an extension of Securitize's Series A funding round, which back in September saw investments from Santander and MUFG.
- Based in Frankfurt, Germany, the Waves Association aims to stimulate the development of decentralized technologies.
- It also plans to actively collaborate with universities, research centers, companies and governments around the world.