Crowdlending platform Fagura, founded in the Republic of Moldova and present in Romania, has attracted investors from the Bravva Angels business community into a EUR1.5 million convertible round raised over the last year, according to a statement from Bravva Angels.
More than 1,800 crypto businesses operate in the UAE, with over 600 Web3 companies based in Dubai’s DMCC free zone. The United Arab Emirates’ banking system remains fully operational despite escalating regional conflict between the US, Israel and Iran, the country’s central bank said, as authorities moved to reassure markets following missile and drone attacks on the country this week. In a statement, Central Bank of the UAE Governor Khaled Mohamed Balama said banks, financial institutions and insurers “continue to operate with full efficiency and stability,” adding that the sector is showing “the highest levels of resilience and stability.” The statement comes as the UAE’s role as a regional financial center and a growing hub for digital asset companies draws added attention to operational continuity during periods of geopolitical stress. Read more
The lawsuit seeks damages for Coinbase, governance reforms and the return of compensation and profits allegedly earned by insiders amid the company’s compliance failures. A Coinbase shareholder filed a derivative lawsuit against several of the crypto exchange’s top executives and board members, alleging they failed in oversight of compliance and disclosures, exposing the company to legal and regulatory fallout. The complaint was filed Tuesday in the US District Court for the District of New Jersey and was brought by shareholder Kevin Meehan on behalf of Coinbase Global. It cites CEO Brian Armstrong, co-founder Fred Ehrsam, and several current and former directors and senior executives, including chief legal officer Paul Grewal and chief financial officer Alesia Haas. According to the filing, the defendants allegedly made false or misleading statements between April 2021, when Coinbase went public through a direct listing, and June 2023. The plaintiff argues that these oversight failures ultimately exposed Coi...