Abra
Abra plans public debut as institutional demand for crypto yield grows
Abra CEO Bill Barhydt joins CoinDesk's Jennifer Sanasie on Public Keys to discuss the company's SPAC merger, valued at $750M, and why he sees strong tailwinds for digital asset wealth management. Plus, he breaks down client interest in DeFi yield, bitcoin-backed loans, and stablecoin products. He also shares his take on crypto legislation, Iran sanctions, and the road ahead for smart contract platforms.
Crypto wealth platform Abra to go public through $750 million SPAC deal
The transaction is expected to deliver as much as $300 million in cash, which will be used to expand the company's institutional crypto lending, yield and custody offerings.
XRP Hits 7-Year High Above $3 as Large Holders Accumulate $3.8B of Tokens
Growing speculation of a potential spot XRP ETF is one of the factors driving the surge, one crypto analyst said.
U.S. SEC Settles With Abra Over Unregistered Sales of Securities
The securities regulator says Abra sold half a billion dollars in unregistered Abra Earn while also operating without registration as an investment company.
Abra Launches Treasury Service for Corporates That Want to Hold Crypto
The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.
Abra Settles With 25 States for Operating Without Licenses, Will Return Up to $82M to U.S. Customers
As part of the settlement agreement, Abra pledged to stop accepting crypto deposits from U.S.-based Abra Trade customers.
What's Next for Crypto Regulation and Innovation?
Abra CEO Bill Barhydt and Nodle co-founder and CEO Micha Benoliel joined CoinDesk Live at Consensus 2024 with conversations on the major events in the past decade that shaped the crypto industry and how the evolution of digital assets will continue in the future.
Abra to Open Withdrawals After Settling with Texas Regulators
More than 12,000 investors could be able to withdraw roughly $13 million worth of crypto, according to a new settlement between Abra and state regulators.
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
In an emergency cease-and-desist order, the Texas State Securities Board alleged that Abra has been insolvent since at least March 31, 2023. "The Hash" panel discusses the state securities regulators' allegations on the crypto lender.
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
State regulators say Abra held tens of millions of dollars' worth of assets on now bankrupt platforms.
