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SEBA Bank Completes Series B Fundraising to Fuel Growth For Providing Smart Banking and Full Services in Digital and Traditional Assets

by Richard Kastelein FINMA licenced Swiss Seba Bank – who already provide a seamless, secure and easy-to-use bridge between digital and traditional assets – approved the completion of its Series B capital increase at its Extraordinary General Meeting today. SEBA Bank is primed to fuel and accelerate its growth strategy according to the team. Guido Bühler, CEO of SEBA Bank, stated: “I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognised by our existing key shareholders and new investors leading them to participate in a second capital raise. This support will allow us…

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European Commission Embraces Digital Finance Package For Crypto

While Europe is one step closer to getting a concrete legal framework for digital finance, we can see how the European Commission embraces a new digital finance package for crypto and blockchain. A legal framework for digital finance is apparently in the works, and the European Commission is moving to provide more legal clarity and certainty for the crypto industry in its member states, the cryptocurrency news show. A document showed that on September 24, the EC officially adopted the new digital finance package which includes digital finance and retail payments strategies, as well as legislative proposals on crypto assets.…

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Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry

The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain. Meanwhile, the Bitcoin (BTC) network, in…

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South Africa’s VALR Raises $3.4 Million To Expand Crypto Adoption in Africa

by Richard Kastelein South Africa’s largest bitcoin exchange by trading volume VALR has raised R57-million ($3.4-million USD) to advance the adoption of cryptocurrencies in Africa. “I am very grateful that despite the challenging global COVID-19 pandemic that has adversely affected many businesses around the world, VALR has been able to grow at a phenomenal pace and we’ve been able to raise funds and partner with a set of world-class investors, adding to our already distinguished group of shareholders.” The Series A equity round of funding was led by 100x Ventures, the investment arm of 100x Group who are behind cryptocurrency derivatives…

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