ChainCatcher news, according to CoinDesk, Switzerland-based cryptocurrency market maker Portofino Technologies received approval from the UK's Financial Conduct Authority (FCA) earlier this year to serve institutional cryptocurrency clients in the UK. However, in recent months, the company has experienced significant employee turnover following the dismissal of its co-founder and chief financial officer.In July, Portofino's chief operating officer and co-founder Alex Casimo and chief financial officer Jae Park were both fired. This subsequently triggered the resignations of strategic and operations head Vincent Prieur, global business development head Shane O'Callaghan, and a large number of the company's employees.Insiders revealed that since the dismissal of these two executives, 10 to 12 people have left or are in the process of leaving, accounting for 30%-40% of the company's total workforce at that time.

ChainCatcher message, according to the official announcement, based on recent audit results, Binance will remove the BLZ/FDUSD, IMX/TRY, and PORTO/BTC spot trading pairs and stop trading on August 16 at 11:00 (UTC+8).

ChainCatcher news, according to the official announcement, Binance will delist the BLZ/FDUSD, IMX/TRY, and PORTO/BTC spot trading pairs on August 16 at 03:00 (UTC).

ChainCatcher news, according to Fortune magazine, cryptocurrency custodian Anchorage Digital has announced the launch of Porto, a self-custody wallet for institutions. This wallet is directly provided by Anchorage's digital division, allowing institutions to hold and manage their own assets, rather than having assets custodied on behalf of clients, using the same underlying technology as their banks, such as biometric authentication and asset recovery. Porto supports over 200 tokens, including Bitcoin, Ethereum, Aptos, and Sui.It is reported that Anchorage Digital received approval for a national trust charter from the Office of the Comptroller of the Currency in early 2021.

According to ChainCatcher news, Twitter user Yu Jin monitored that Binance transferred 800,000 PORTO (worth about 2.5 million USD) and 815,000 SANTOS (worth about 4.85 million USD) to the address used for storing undistributed fan tokens. This transfer is the first transaction from this address since September 13, 2022. (Source link)

ChainCatcher news, according to Livecoins, the city of Porto Alegre in Brazil has recently passed a bill to include Bitcoin Pizza Day (May 22) in the municipal calendar, and the city will celebrate "Bitcoin Pizza Day" every year.Proposed by councilor Jesse Sangalli, "This bill will bring attention to cryptocurrency, and it will help bring the discussion of cryptocurrency to the public, showing that our city supports technological innovation and looks to the future." (Livecoins)

According to ChainCatcher, The Block reported that crypto market maker Portofino Technologies, founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, has completed a $50 million funding round, with participation from Valar Ventures, Global Founders Capital, and Coatue.Portofino Technologies was established in April 2021 and is developing high-frequency trading technology for digital assets, having already executed billions of dollars in trades across CEX, DEX, and OTC markets. The company is reportedly set to compete with other cryptocurrency market makers such as Wintermute, B2C2, and Jump Trading. (The Block)