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Stellar Development Foundation Injects $5 Million Into Crypto Wallet Abra to Leverage Products Expansion
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Stellar Development Foundation Injects $5 Million Into Crypto Wallet Abra to Leverage Products Expansion

Abra is a crypto-financial services app that gives users exposure to cryptocurrency and stock investments. On the other hand, The Stellar Development Foundation is a non-profit, which supports the development of the Stellar network. The Stellar Development Foundation said that its investment would help Abra to expand its services and products on the Stellar network. Abra CEO Bill Barhydt stated that his team will leverage Stellar’s ability to use traditional banking infrastructure as it builds yet more banking tools.

SEC Charges App Developer Abra for Unregistered Security-Based Swaps
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SEC Charges App Developer Abra for Unregistered Security-Based Swaps

Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.

Animoca Brands Lands $75m in New Funding
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Animoca Brands Lands $75m in New Funding

In its latest funding round, digital entertainment, blockchain, and gamification outfit, Animoca Brands announced it has raised the sum of $75 million.

Animoca Brands' Japanese Unit Raises $45m
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Animoca Brands' Japanese Unit Raises $45m

Animoca Brands' Japanese unit raised $45 million in financing at a $500 million pre-money valuation.

Chelsea Football Club Owner Abramovich Confirmed as Investor in Telegram's 2018 ICO
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Chelsea Football Club Owner Abramovich Confirmed as Investor in Telegram's 2018 ICO

The US Securities and Exchange Commission’s (SEC) investigation into Telegram’s $1.7 billion initial coin offering (ICO) in 2018 has revealed that some very big names took part in the unregistered offering.

Animoca Brands, Blowfish Studios Announces Closure of Planet Private Sale for Phantom Galaxies
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Animoca Brands, Blowfish Studios Announces Closure of Planet Private Sale for Phantom Galaxies

Animoca Brands and Blowfish Studios announced the closure of Planet Private Sale. The Planet Private Sale for Phantom Galaxies sold 7,734 Planets and Asteroids (“Planets”), a kind of NFTs, for a total of US$19.3 million.

Animoca Brands Subsidiary Lympo Launches SPORT Token
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Animoca Brands Subsidiary Lympo Launches SPORT Token

Animoca Brands subsidiary Lympo launched the SPORT token to replace the Lympo utility token LMT.

Propy Partners with Crypto Lending Platform Abra, Launching Crypto-backed Real Estate Loans
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Propy Partners with Crypto Lending Platform Abra, Launching Crypto-backed Real Estate Loans

Blockchain-based real estate transaction management company Propy has partnered with digital asset wealth management platform Abra to open up a path to obtain real estate loans with digital assets as collateral.

SEC Charges Disgraced Lobbyist Jack Abramoff With Fraud for AML Bitcoin ICO
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SEC Charges Disgraced Lobbyist Jack Abramoff With Fraud for AML Bitcoin ICO

Political lobbyist Jack Abramoff and Marcus Andrade, CEO of the NAC Foundation, have been charged with fraud by the Securities and Exchange Commission (SEC) for misrepresenting their token’s compliance. The pair also face criminal charges with the Department of Justice (DOJ) for money laundering.

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
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HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.

MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse
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MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse

MetaHollywood is building the largest online community within a Hollywood-themed metaverse following a joint venture between Animoca Brands and the Planet Hollywood Group.

Animoca Brands' PRIMATE Token Sees Enlistment on Huobi Global
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Animoca Brands' PRIMATE Token Sees Enlistment on Huobi Global

Animoca Brands announced on April 29, that its PRIMATE Token had been listed on the Huobi Global crypto exchange for trading.

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