Press Releases TheBitTimes.com

After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder. Global Banks continue to expand their crypto currency-related capabilities, with the British multinational bank Standard Chartered raising new Funding for its crypto platform Zodia. Standard Chartered-backed crypto custody subsidiary Zodia Custody has raised $36 million in a new series A funding round, Bloomberg reported on April 27. Japanese financial conglomerate SBI Holdings has led the fund raise , becoming Zodia’s second-largest shareholder, Zodia Custody CEO Julian Sawyer reportedly said. Prior to the Funding round, London-headquartered Zodia was backed exclusively by Standard Chartered and Northern Trust, with Standard Chartered owning a 90% stake in the firm. It still remains the majority shareholder following the fund raise , according to Sawyer. Zodia CEO emphasized that it’s typical of Standard Chartered’s ventures strategy to raise external...

The Funding Program for the ecosystem involves grants, incubation, and acceleration for all phases of product development, with approved applicants receiving up to $500,000 per project. Aleph Zero is launching a $50 million Aleph Zero Ecosystem Funding Program, the layer-1 privacy-enhancing blockchain announced on April 18. The nonprofit Aleph Zero Foundation overseeing its development of Aleph Zero aims to support developer teams to build on its platform and advance blockchain adoption globally. In an interview with Cointelegraph, Aleph Zero co-founder Antoni Zolciak shared that “the goal of the Aleph Zero Ecosystem Funding Program is to fund innovations from developer teams that expand the capabilities, functionalities, and adoption of the Aleph Zero blockchain.” Zolciak also told Cointelegraph that the program would support various project ideas, from proof-of-concept to experienced teams with solutions on different platforms. Aleph Zero wants to attract developers by providing co...

The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing Liquidity problems amid the bear market. However, Bitvavo announced to prefund the locked assets , preventing DCG-induced service disruption for users. With users proactively exploring self-custody options as a means to safeguard their funds, an acute liquidity crisis is expected to loom over exchanges. DCG cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. Bitvavo, on the other hand, decided to prefund the locked assets to ensure that none of its users are exposed to DCG liquidity issues. “The current situation at DCG does not have any impact on the ...