Cryptocurrency investment firm Galaxy Digital has not managed to finalize the acquisition of the digital asset custodian BitGo in the first quarter of 2022 as the firm originally planned. Galaxy Digital has made some changes to the terms of its acquisition of BitGo, CEO Mike Novogratz announced in an earnings call on Thursday. “We’ve adjusted the deal some, for progress that BitGo has made,” Novogratz said, noting that BitGo has hired about 150 people since the firms originally signed the deal in May last year. He added that Galaxy remains committed to “integrating BitGo and becoming an institutional crypto platform” …

The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly exchanges — to verify the identity of every individual behind an unhosted wallet that interacts with them, while any transaction greater than 1,000 Euros ($1,100) would need to be reported to authorities. Coinbase CEO Brian Armstrong vented his frustrations against the move via Twitter, as he drew comparisons with fiat to highlight the absurdity of reporting and verifying …

Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them. Cryptocurrencies were designed to operate in a decentralized manner. This means that while they’re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody. Here we’ll explore some …

Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another huge BTC purchase. The wallet address thought to belong to Terra (while not officially confirmed) received another 2943.00002511 Bitcoin ($139 million) on Wednesday. Wallet alert accounts on Twitter have been tracking the wallet. The wallet began amassing colossal amounts of Bitcoin on Jan. 21 and has not sold a single Satoshi. According to the chart, while the wallet first injected almost 10k Bitcoin on 21st Jan, the wallet …

ConsenSys-owned MetaMask tweeted a thread of updates on Tuesday for iPhone and Apple Pay users. The main feature is the ability to buy cryptocurrency using a debit or credit card through the mobile application, eliminating the need to transfer Ethereum (ETH) from a centralized exchange like Coinbase into the app. MetaMask Mobile v4.3.1 is LIVE with some exciting updates: Buy crypto on iOS with Apple Pay (@sendwyre), more transparency when interacting with sites, & support for gasless transactions where relevant. Does it get any better? Yes it does! We now have dark mode! 1/ — MetaMask (@MetaMask) March 28, 2022 …

Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan. Effective from April 1, Coinbase users from Canada, Singapore and Japan will be required to provide additional information while sending cryptocurrencies to a different (non-Coinbase) platform. However, while Singaporean and Japanese investors will be required to share additional information about the recipient for every single off-platform transaction, Canadians sending less than $801 (1,000 CAD) will be exempted from this requirement. As shown in the above screenshot, Canadian users will need to share the full name and residential address …

Keenon Dequan Ray Jackson, the rapper who goes by the name YG appears to show off a fat $30 million stack of Bitcoin (BTC) in his latest music video. The reveal appears to either be an eye-watering — but possibly fake — flex, or a crafty bit of product placement, as a cold storage device from crypto wallet provider Ledger is featured prominently in the video. The social team from Ledger was on it immediately too: We see you! @YG knows how to secure those bags of #bitcoin … not your keys, no your coins. — Ledger (@Ledger) February 11, …

Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network. The expanded wallet support comes just a few days after the firm launched Coinbase Pay, which enables users to fund their wallets directly via a web browser extension. In a March 18 blog post announcing the move, the firm also loosely outlined plans to “further integrate” with Solana by connecting the …

Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise. Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock. Trading under the ticker symbol EXOD, the Exodus Class A common stock is digitally represented on the Algorand blockchain via common stock tokens. Tokenized shares in @Exodus_io are now trading on Securitize Markets. Retail investors included! With 24-7 order placement, 8am-8pm ET trading hours, near-instant …

This week's Nifty News round up follows a weekend full of Yuga Labs announcements, the start of Austin's SXSW conference and added NFT support for 1inch Wallet users. Yuga Labs acquires CryptoPunks and Meebits Yuga Labs, creator of Bored Ape Yacht Club, or BAYC, announced its acquisition of the Intellectual Property, or IP, of the CryptoPunks and Meebits NFT collections from Larva Labs. By adding these brands to their portfolio, Yuga Labs now owns copyright in the art, along with 423 CryptoPunks and 1711 Meebits. Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from …

According to data compiled by Coin Metrics, the number of stablecoin wallet addresses with account balances over an equivalent $1 million USD has recently surpassed 12 million — up from 4 million one year ago. The stablecoins counted in the analysis include Tether ERC-20 (USDT), Tether TRC-20, Binance USD, DAI, GUSD, HUSD, PAX, and USD Coin (USDC). The vast majority of addresses holding more than $1 million came from Tether TRC-20 (approx. 8 million), followed by Tether ERC-20 (approx. 3.4 million), and USDC (approx. 1 million). Save for a sharp but brief decline last May, such addresses have increased regularly …

On Tuesday, ConsenSys, the leading Ethereum (ETH) and decentralized protocols software company with product suites such as MetaMask, Infura, and Truffle, announced the close of a $450 million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. The deal more than doubles its valuation since the firm's $200 million Series C raise in November 2021. Proceeds from the round will in part be converted to ETH to rebalance the ratio of ETH to USD-equivalents in ConsenSys' treasury. The firm actively seeks to use its …