Ayyar, who is Luno’s vice president of corporate development and international, resigned from the firm after seven years working there, he told CNBC Tuesday.

Digital Currency Group (DCG), one of the largest venture capital firms in the crypto ecosystem, has reported better than expected revenue in the first quarter of this year. As contained in a shareholder letter, DCG said it raked in a total of $180 million in revenue for the quarter, a figure that is up by 63% from the fourth quarter of last year.

Digital Currency Group rode the cryptocurrency rally over the first quarter to post revenue that topped the previous quarter, but still lagged the year-ago period.

Gemini Earn – the Winklevoss-owned crypto exchange’s digital asset lending arm – announced on Sunday that it had agreed with Barry Silbert’s Digital Currency Group (DCG) on a mediation process to bring their bankruptcy dispute to a close. 

According to Genesis’ lawyer, Sean O’Neal, Genesis will engage in a 30-day mediation process with its committee of unsecured creditors.

Digital Currency Group (DCG) alleged that a group of Genesis Capital creditors has “reneged and raised” new demands more than two months after agreeing to a comprehensive settlement.

Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process.

Digital Currency Group (DCG) announced that its portfolio company, Merit Circle, will launch a gaming subnet on the Avalanche (AVAX) network.

Crypto-mining firm Foundry, which is owned by embattled conglomerate Digital Currency Group, is going to start charging users a fee for its Bitcoin mining services.

Huobi disclosed to Reuters that its customers’ funds remain unaffected by the recent banking crisis in the USA since it has previously transferred all its assets from Silvergate and Signature Bank to other monetary institutions.