AbbeyCross completes USD 2.47 million seed round financing led by Third Prime

[AbbeyCross completes $2.47 million in seed round financing, led by Third Prime] On August 15th, according to Einnews reports, AbbeyCross, a currency infrastructure B2B trading and compliance market, completed a $2.47 million seed round of financing, focusing on Third Prime in the crypto market Leading the round, Communitas Capital and 11 strategic angel investors participated.

AbbeyCross works primarily with global banks, money providers and other financial service providers to eliminate money market inefficiencies and bring deeper money liquidity, price transparency and market data to the fragmented emerging market money payments industry .

Other news:

Rabbit Finance has received strategic investment from 11 institutions and is about to land on Binance Smart Chain: According to official news, Rabbit Finance officially announced the completion of the IRO round of financing. Led by FBG Capital, Horizon Capital, Redline Capital, Du Capital, PCoin Labs, Hot Labs, AngelONE Capital, LBank, BKEX Capital, HBTC Labs and Bibox, a total of 11 first-line capital and trading platform funds participated in the investment.

Rabbit Finance is an excess-yield mining protocol with functions such as depositing coins to earn interest and leveraged loans. It is a leveraged loan mining smart pool platform on the Binance Smart Chain and is expected to be launched in early May.

Rabbit Finance initially supports deposits and loans of 5 assets including BUSD/USDT/BNB/BTCB/ETH, providing deposit and loan users with more asset choices. At the same time, it will support stablecoin liquidity mining with up to 10 times leverage, low liquidation risk and low slippage. [2021/4/25 20:56:55]

KIKLABB, Dubai’s State-Owned Licensing Company, Supports Cryptocurrency Payments: Clients of KIKLABB, the Dubai government-owned licensing company, can now pay for visa fees and trade licenses via cryptocurrency. Supported crypto payment options are Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). KIKLABB CEO Tasawar Ulhaq said that KIKLABB is the first government entity in the UAE to accept crypto payments, and other institutions will soon follow. (Cointelegraph) [2021/2/16 17:22:19]

CabbageTech CEO: Will not plead guilty to cryptocurrency fraud charges: According to coindesk, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Patrick McDonnell in January for alleged fraud in his cryptocurrency investment scheme, and McDonnell has sent a letter to the Eastern District of New York Chief District Judge Roanne Manne of the U.S. District Court said he did not have the resources or ability to continue fighting the fraud charges brought against him. He wrote in the letter that he respectfully declined to answer the plaintiff's complaint. He knew the case would be placed "in absentia" and that he would not plead guilty in any way. His personal property is 100% spent and he can no longer leave work. According to court documents, McDonnell allegedly marketed himself as a trading expert, accepted bitcoin and litecoin from clients, and then ran away with the money, without giving trading advice to investors. In the letter, McDonnell said the allegations were "fictional" and "fabricated lies". According to industry media, this means that the CFTC, the highest regulator of financial derivatives in the United States, has proved its ability to regulate cryptocurrencies as commodities. This case could set a precedent for the regulation of cryptocurrencies as commodities. [2018/4/13]