Former Coinbase manager charged with insider trading

A former manager for popular cryptocurrency exchange Coinbase has been charged with insider trading.

32-year-old Ishan Wahi was a product manager at Coinbase Global. The Seattle resident was arrested alongside his 26-year-old brother Nikhil Wahi on Thursday morning.

The Wahi brothers allegedly used insider information about which cryptocurrencies were due to be listed by Coinbase – which historically has substantially increased their value – to purchase them in...

LG Electronics expanding into blockchain and crypto opportunities

Seoul, South Korea

LG Electronics, South Korea’s fourth largest company, has added blockchain and crypto as new business areas to its corporate charter as part of its plan to expand beyond home appliances.

According to local news source JoongAng Daily, the two crypto-focused objectives were approved by shareholders during the company’s annual general meeting on March 24.

The objectives were detailed as “the development and selling of blockchain-based software” and “the sale and...

VALR exchange nets record African funding round with £36m Series B

Africa

VALR, a South African crypto exchange operating out of Johannesburg, has raised £36 million in a Series B round led by Pantera Capital.

The investment marks the largest ever African cryptocurrency funding round, leaving VALR with a £180 million valuation.

Other investors included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, and more.

The investment world has been taking increased interest in Africa as an...

Blockchain.com reaches $1 trillion in transactions

Blockchain Vector

Blockchain.com, the cryptocurrency financial services company, has surpassed $1 trillion (£730 billion) in transactions on its platform.

An early player in the digital asset space, Blockchain.com began as the first Bitcoin blockchain explorer in 2011, having since become a major global provider of wallet and exchange services.

A fifth of this trillion dollar milestone, that is to say $200 million (£146m), was transacted in the past six months alone, highlighting the...