Web3Firewall announces $2.5m pre-seed investment round

Web3Firewall has closed a $2.5m pre-seed investment round led by Laser Digital (Nomura’s digital asset subsidiary) gumi Cryptos Capital (gCC) and SPEILLLP, a member of Susquehanna International Group.

The company has developed an intelligence-driven risk and compliance platform specifically to meet the evolving challenges of companies engaged in blockchain technology and digital assets.

Web3Firewall was founded in 2023 by Dr. Samer Fayssal, who was previously CISO and...

Poor market conditions are encouraging a crypto acquisitions spree

Two leading crypto firms, Ripple and FTX, have said they are looking to drive growth through acquisitions in interviews with CNBC at the 2022 annual meeting of the World Economic Forum.

The confidence suggests some crypto firms feel established and capitalised enough to weather the market downturn and still spend on acquisitions.

Brett Harrison, president of crypto exchange FTX’s US branch, told CNBC that the company is in “a very good spot in terms of our capital...