Pintu bags $113m Series B to meet Indonesian crypto demand

Pintu, a popular Indonesian crypto exchange, has closed a $113 million (£90m) Series B round of funding as the country’s crypto market experiences a boom in popularity.

The round, which leads on from a $35 million Series A last August, saw investment from prominent firms such as Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Group.

Pintu is licensed by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade,...

Cronos partners with Chainalysis for security and compliance support

Chainalysis x Cronos

Cronos, the native token of Crypto.com’s ecosystem, has partnered with leading blockchain analytics firm Chainalysis to bring security and data services to its token.

Previously known as Crypto.com Coin, Cronos (CRO) runs on the first Ethereum-compatible blockchain network to use Cosmos SDK technology. It fluctuates towards the end of the top twenty cryptocurrencies in terms of its market capitalisation.

The partnership has already added Chainalysis KYT (Know Your...

Gemini research reveals 18% of UK adults own cryptocurrency

Globalisation

Almost one fifth (18%) of UK adults own cryptocurrency and nearly half of these (45%) invested for the first time in 2021, revealing massive growth in terms of adoption.

The figures come from Gemini’s new ‘2022 Global State of Crypto’ report which surveyed 29,293 adults from across twenty countries, including 2,300 people from the UK.

Gemini is a cryptocurrency exchange that was launched in 2015 by the Winklevoss twins. Recently, it has received major external...

Super Bowl sees crypto adverts break into the mainstream

NFL Super Bowl

Sunday’s Super Bowl LVI, the annual playoff game for the US National Football League (NFL), saw four major exchanges debuting cryptocurrency adverts during the commercial breaks.

Long renowned as a clear sign of pushing into the mainstream of marketing, Super Bowl ads are eye-wateringly expensive and tend to generate significant online discussion by themselves.

This year saw adverts from Coinbase, Crypto.com, eToro, and FTX, despite growing sentiment amongst regulatory...