Turnkey, a crypto infrastructure company, recently raised $30 million in a Series B round. This investment aims to create an open infrastructure layer for crypto, potentially revolutionizing how applications are built and used in the Web3 space.
Bitcoin Surges as Institutions Accumulate, Paraguay Denies Legal Tender Rumors, and Australia Busts $123M Crypto Laundering Ring
A look at today’s key crypto events: institutional Bitcoin accumulation driving price increases, a false alarm in Paraguay regarding Bitcoin adoption, and a major crypto laundering operation uncovered in Australia.
SEC Chair Atkins Criticizes Gensler’s Crypto Approach, Champions Self-Custody
At a recent SEC roundtable on DeFi regulation, Chair Paul Atkins voiced concerns about the previous administration’s crypto policies, particularly regarding self-custody and staking.
Crypto Exec Arrested: Accused of Laundering $530M for Sanctioned Russian Banks
The founder of crypto firm Evita Pay, Iurii Gugnin, has been arrested and charged with allegedly funneling $530 million from sanctioned Russian banks into the US, raising concerns about crypto’s role in sanctions evasion.
UK Appoints Crypto Intelligence Specialist: What It Means for the Market
The UK Insolvency Service has appointed its first crypto intelligence specialist. This move signals a growing focus on recovering crypto assets in bankruptcy and criminal cases, potentially impacting market sentiment and regulatory oversight.