Ledger raises 100 million euros
Ledger, the market leader in hardware wallets for securely storing digital assets offline, has raised $109 million in its latest funding round, bringing its valuation to $1.4 billion. Ledger is said to have benefited from the recent industry crises as hodlers became nervous about leaving their assets in the custody of online platforms.
US government confirms sale of seized Bitcoin
A court filing shows that the US government sold 9,861 bitcoins for nearly $216 million on March 14. The assets sold were part of the bitcoins seized in November in the case related to the Silk Road darknet market hack. The government plans to liquidate the remaining 41,000 bitcoins in four separate auctions throughout this year.
MicroStrategy buys more Bitcoin
The world’s largest holder of bitcoins, MicroStrategy, has resumed its Bitcoin accumulation after a three-month hiatus. The company bought 6,455 BTC worth nearly $150 million, bringing its total holdings to just under 139,000 BTC, acquired for around $4 billion. In addition, the business intelligence giant repaid its Silvergate Bitcoin-backed loan at a substantial discount.
Binance accused of violating US financial laws
The US regulator, the CTFC, has filed a lawsuit accusing Binance of developing its business in the United States without properly registering with authorities, alleging that the company was operating illegally in the country. Binance CEO Changpeng Zhao responded strongly and in detail to the complaint, calling it “surprising” and “disappointing.”
US banks wary of cryptocurrencies
During the recent financial sector crisis, banks have become increasingly wary of dealing with cryptocurrencies. First Citizens Bank agreed to buy most of Silicon Valley Bank’s remaining assets.
EU to limit anonymous cryptocurrency wallets
EU lawmakers have voted in favor of imposing limits on payments made by users of unverified cryptocurrency wallets, as part of a wider overhaul of anti-money laundering laws. The new limits prohibit traders from making or receiving transfers of anonymous cryptocurrencies exceeding 1,000 euros. The measures would not prevent cryptocurrency payments altogether, as the cap would not apply to regulated wallet providers.