PANews reported on November 12th that Seismic, a crypto privacy infrastructure startup, announced the completion of a $10 million funding round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. The company's total funding has reached $17 million. Founded by CEO Lyron Co Ting Keh, Seismic aims to help fintech companies protect sensitive user information, such as salaries and rent, from being leaked on public blockchains when using encryption technologies. Seismic has already partnered with stablecoin account platform Brookwell and private lending service provider Cred to provide them with private blockchain payment tracks, preventing transaction data from being exposed on public blockchains. The company plans to use the new funding to expand its services, including fiat currency deposit and withdrawal gateways and a crypto card project, and expects to generate revenue in the first quarter of 2026, charging 1 cent per transaction. Its competitor is Tempo (valued at $5 billion).PANews reported on November 12th that Seismic, a crypto privacy infrastructure startup, announced the completion of a $10 million funding round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. The company's total funding has reached $17 million. Founded by CEO Lyron Co Ting Keh, Seismic aims to help fintech companies protect sensitive user information, such as salaries and rent, from being leaked on public blockchains when using encryption technologies. Seismic has already partnered with stablecoin account platform Brookwell and private lending service provider Cred to provide them with private blockchain payment tracks, preventing transaction data from being exposed on public blockchains. The company plans to use the new funding to expand its services, including fiat currency deposit and withdrawal gateways and a crypto card project, and expects to generate revenue in the first quarter of 2026, charging 1 cent per transaction. Its competitor is Tempo (valued at $5 billion).

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more