$97 billion backed AI startups in 2024, the largest on record
AI startups in the United States raked in an unprecedented $97 billion in funding last year. That’s nearly half of the $209 billion raised by all US startups in 2024.…
Bithumb Meta Rebrands as Bithumb Partners for Investments
Bithumb redesigned its subsidiary to concentrate on investing. The company is planning an initial public offering in 2025. Bithumb, a South Korean cryptocurrency exchange, has officially changed the name of…
FTX Starts Repaying Creditors After Two-Year Wait
FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days. FTX is now paying off creditors, according to…
Frax Finance Adopts BlackRock’s BUIDL for Stablecoin
BlackRock’s BUIDL fund now supports Frax’s frxUSD stablecoin. Enhances transparency and has potential yield-bearing benefits. The Frax Finance community has approved FIP-418 unanimously, a proposal to use BlackRock’s USD Institutional…
Coinbase Acquires BUX Cyprus Subsidiary for CFDs License
Coinbase acquires BUX Cyprus subsidiary, gaining a CFDs license to expand services across the European Economic Area (EEA). In a major development, Coinbase, the prominent US-listed cryptocurrency exchange, has acquired…
Binance Expands in Brazil with Central Bank Approval
Binance secures Central Bank of Brazil approval for acquisition, expanding its services, ensuring compliance, and enhancing security for Brazilian users. In a significant move to strengthen its global presence, Binance…
KuCoin Unveils KuCoin Pay Transforming Crypto Payments
KuCoin Pay offers global crypto transactions that are both seamless and low-cost. Businesses receive access to KuCoin’s 37M+ users for a greater reach. KuCoin introduces the revolutionary product of KuCoin…
OKX Achieves Milestone Growth and Expansion in 2024
OKX achieves significant growth in 2024 with global expansion, new features, and a focus on Web3 and decentralized applications. OKX, a leading cryptocurrency exchange, has marked a transformative year in…
Binance Boosts Security with $9.1 Million Scam Recovery in 2024
Binance boosts security with $9.1 million scam recovery, blacklists 47,000 malicious addresses, and implements AI-driven fraud prevention. Binance has taken strong steps to protect its users from scams. In 2024,…
Bitget Unveils Massive $5B BGB Token Burn Plan
Bitget will burn 800M BGB tokens, removing 40% of the total supply. All token burns will take place on-chain to maintain transparency and trust. A recent development was announced by…