Exchanges

KuCoin Raises $150M, Announces Web3 Expansion

  • KuCoin's $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
  • KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.

Binance Blocks Accounts of Relatives of Russian Government Officials

  • The accounts of Elizaveta Peskova, daughter of spokesman Dmitry Peskov, Polina Kovaleva, stepdaughter of Sergei Lavrov, and Kirill Malofeev, son of oligarch Konstantin Malofeev, have already been closed.
  • Last week the exchange had also implemented new stricter rules for Russian users with crypto holdings of more than €10,000, following the latest sanctions on Moscow from the E.U.

Binance.US Acquires Money Transmitter License in Puerto Rico

  • With this license, Binance.US now operates in 45 states and seven territories of the U.S., moving it a step closer to its goal of providing services in all states and territories.
  • Binance.US CEO Brian Shroder noted that this license was important to the exchange, as Puerto Rico is a particularly important market for the growth of crypto.

KuCoin Launches $100M NFT Creators Fund

  • The $100 million Creators Fund was launched by the company's venture arm, KuCoin Ventures, and its newly launched NFT marketplace, Windvane.
  • It will support a wide range of NFT projects, such as art, sports, profile pictures (PFPs), Asian culture, celebrities, GameFi, and others.

Uniswap Labs Launches Web3 Venture Wing

  • Prior to creating Uniswap Labs Ventures, Uniswap had already invested in 11 projects, including MakerDAO, Aave, Compound, PartyDAO, and others.
  • ULV has plans to participate in the governance of Aave, Compound Finance, Ethereum Name Service, MakerDAO, and projects it invests in the future.

Coinbase India Suspends UPI Payments Shortly After Launch

  • The exchange has stopped accepting payments through the United Payments Interface system only three days after its launch in India.
  • The system is governed by the National Payment Corporation of India, which said it was "not aware of any crypto exchange using UPI" only hours after the exchange was launched.

U.S. Imposes Sanctions Against Russia’s Largest Darknet Marketplace

  • Russian darknet marketplace Hydra and crypto exchange Garantex have been connected to Russian cybercrime, and have become the new targets for OFAC sanctions.
  • In its investigation, OFAC found more than $8 million connected to ransomware attacks had moved through Hydra, while Garantex had facilitated over $100 million in illicit transactions.

Coinbase to Expand Presence in India

  • CEO Brian Armstrong revealed that Coinbase was planning to quadruple the number of employees in its Indian tech hub.
  • Coinbase's investment arm will be holding an in-person event in Bangalore on 7 April, where it plans to invest $1 million in crypto and web3 companies.

Blockchain.com Reportedly Valued at $14B

  • While the funding round is yet to be confirmed by Blockchain.com or the investors, Bloomberg said it had raised the valuation of the exchange to $14 billion.
  • The new funding round was reportedly led by Lightspeed Venture Partners, and saw "major participation" from Baillie Gifford & Co.

Bybit, Crypto.com to Open Dubai Offices

  • Crypto.com plans to establish a regional office in Dubai, and also launch a "substantial recruitment drive" in the coming months.
  • After obtaining an in-principle approval to "conduct a full spectrum" of crypto services, Bybit announced plans to move its global headquarters to Dubai.