BTC breaks through the $105000 mark
OKX-BTC/USDT is currently trading at $105017.30, with a 5-minute increase of 0.22%. Please be aware of market fluctuations.
OKX-BTC/USDT is currently trading at $105017.30, with a 5-minute increase of 0.22%. Please be aware of market fluctuations.
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Norwegian listed company Standard Supply AS (OSE: STSU) has announced that it will rename itself as StandardCoin and has completed its first Bitcoin investment of 50 million Norwegian kroner (approximately 4.97 million US dollars), officially entering the digital asset field. This investment is managed by a top tier regulated custodian institution for asset storage, with the aim of promoting financial innovation. CEO Eldar Paulsrud stated that this investment has been carefully planned, with a focus on safety and risk management. In the future, the company will act as a responsible market participant to promote the development of the digital asset ecosystem. The company may further disclose strategic adjustments and investment plans in the future.
According to DL News, Paul Frost Smith, CEO of cryptocurrency custodian Komainu, stated that he is actively seeking global acquisition opportunities to expand his business scope and transform into a "leading digital asset service provider outside the United States". This company, jointly established by Nomura Securities, CoinShares, and Ledger, has over $10 billion in assets under custody after completing a $75 million Series B financing in January. The company plans to fully expand into the Singapore and Japan markets in the next 6-9 months, with an expected increase in employee size to 120 by the end of the year. Komainu is applying for a MiCA license for the European market, but the proposed strict regulation in the UK may force the company to exit the market. Frost Smith warns that excessive regulation may force "conservative and prudent operators" to withdraw.
According to DL News, Self Chain founder Ravindra Kumar has been accused of participating in a $50 million off exchange cryptocurrency scam that defrauded investors through false token trading. Kumar issued a statement on the X platform firmly denying the allegations, stating that they are "completely untrue" and that the legal team is preparing to write a response statement. This scam involves off exchange trading of tokens for multiple well-known projects such as Sui, Near, Axelar, and Sei. Mohammed Waseem, CEO of Indian over-the-counter broker Aza Ventures, revealed that his company has inadvertently facilitated dozens of fraudulent transactions over the past few months. Although the initial transaction was genuine, it later evolved into a Ponzi scheme, where the seller used "Source 1" as a code name to commit fraud by delaying the delivery of tokens. Waseem claimed to have contacted Indian authorities and promised to refund the defrauded investors, but his personal funds have been depleted due to advances. At present, 'Source 1' has promised to start returning funds before the end of June. It is worth noting that before the scam was exposed, multiple industry insiders including Adeniyi Abiodun from Mysten Labs and Lucian Mincu from MultiversX had repeatedly warned of the existence of false over-the-counter trading.
BlockBeats News: On June 20th, according to the US news agency, Parataxis Holdings LLC, an investment company focused on the digital asset field, is an affiliate of Parataxis Capital Management LLC. Through Parataxi Korea Fund I LLC and its affiliates, Parataxi Holdings has signed a final agreement with Bridge Biotherapeutics, Inc., a biotechnology company, to invest KRW 25 billion in order to acquire a controlling stake in the company (the "Transaction"). After the transaction is completed, the company plans to change its company name to Parataxi Korea and continue to be listed on KOSDAQ. This transaction still needs to meet the customary closing conditions, including shareholder approval. This transaction will lead to the birth of a Bitcoin based reserve platform in the South Korean public market, backed by institutional investors with rich experience in digital asset investment. As part of this transaction, Edward Chin, founder and CEO of Parataxi Holdings and co-founder and CEO of Parataxi Capital, will join the company's board of directors. Parataxis Capital partner Andrew Kim will serve as the company's CEO and also join the board of directors. James Jungkue Lee, co-founder of Bridge Bio, will continue to lead the company's core biotechnology business and retain a seat on the board of directors.