Bahrain’s crypto exchange Rain to lay off dozens of its staff

    Rain Financial Inc., a Bahrain-based crypto exchange, has said they will lay off over a dozen employees as crypto markets remain red. The move follows news of workforce reductions at a number of exchanges in the US and worldwide. Coinbase-backed Rain Financial, a major crypto exchange based in Bahrain, has laid off dozens of employees,…

    Bahrain’s crypto platform Rain raises $110 million in the latest funding round

    Based in Bahrain, crypto exchange platform Rain has raised $110 million in a Series B funding round, led by global venture capital investors, including Kleiner Perkins, Coinbase Ventures, and Paradigm. According to the statement issued by Rain, other investors participated in its latest funding round, including Global Founders Capital, MEVP, Cadenza Ventures, and CMT Digital….

    Yehia Badawy, Co-Founder Rain: “Our areas of focus are emerging markets”

    When was rain creating? Who was the company founder? So, the company started, its four of us that co-founded this company – Joseph Dallaglio, AJ Nelson, Abdullah Michael and myself Yehia Badawy. Funnily enough, we each had an idea for  this company separately. So I was working on creating something similar in 2014, actually speaking…