Author: Chris Smith
Tether to Stop Minting USDT on Algorand and EOS Blockchains
Reading Time: < 1 minuteTether has announced its decision to stop producing the USDT token on the Algorand and EOS blockchains.
Bitcoin ETFs Lose $1.3B in 2 Weeks
Reading Time: < 1 minuteDuring the past two weeks, outflows from United States-based Bitcoin exchange-traded funds (ETFs) have reached a total of $1.3 billion due to the declining price of Bitcoin.
Standard Chartered to Launch a Spot Bitcoin and Ether Trading Desk
Reading Time: < 1 minuteStandard Chartered is venturing into the buying and selling of Bitcoin and Ether through the establishment of a spot trading desk.
Japanese Firm Metaplanet to Sell 1B Bonds to Acquire Additional Bitcoins
Reading Time: < 1 minuteMetaplanet Inc., a Tokyo-based investment and consulting firm, has announced plans to issue 1 billion yen ($6.26 million) worth of bonds to fund the purchase of Bitcoin.
3iq Files Application to Launch a Solana ETP in Canada
Reading Time: < 1 minute3iQ is seeking approval to launch the first Solana exchange-traded product (ETP) in Canada.
US Judge Greenlights a Lawsuit Against Ripple Labs in California
Reading Time: < 1 minuteA judge in a United States federal court has approved a lawsuit against Ripple Labs alleging their CEO violated California securities laws.
India Imposes $2 Million Fine in Binance
Reading Time: < 1 minuteBinance has been fined around $2.2 million (equivalent to 18.82 crore INR) by India’s anti-money laundering unit for not following the country’s laws on preventing money laundering.
The Central Bank of Iran Will Launch a Public CBDC Pilot This Month
Reading Time: < 1 minuteThe Central Bank of Iran (CBI) is initiating a public pilot for a national digital currency, focused on domestic micropayments.
Transak Launches a Fiat-to-crypto Onramp for PayPal USD
Reading Time: < 1 minuteTransak has introduced a way for users to convert PayPal USD into crypto through fiat-to-crypto onramp, with the goal of making digital asset payments more mainstream.
T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin
Reading Time: < 1 minuteTelecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.
MicroStrategy Increases Convertible Note Offering to $700M
Reading Time: < 1 minuteTech company MicroStrategy has increased its convertible note offering by 40% to $700 million and has set a 2.25% annual yield.
Crypto Startups Raise More Than $100B Since May
Reading Time: < 1 minuteSince the end of May 2014, over $100 billion has been raised for startups in the cryptocurrency industry.
Paradigm Plans to Launch Another Crypto Fund
Reading Time: < 1 minuteParadigm, a venture capital firm, recently announced the closure of a third fund for investing in early-stage crypto and blockchain projects.
Swiss Financial Market Supervisory Authority Forces a Crypto Bank’s Bankruptcy
Reading Time: < 1 minuteFollowing an investigation by the Swiss financial regulator, FlowBank, an online Swiss bank, has been forced to declare bankruptcy due to its failure to meet required banking standards.
Paxos Plans to Cut 20% of its Staff
Reading Time: < 1 minuteStablecoin issuer Paxos has recently made the decision to lay off approximately 20% of its workforce, despite being in a strong financial position.
MoonPay Integrates Crypto Purchases Through PayPal for British and EU Customers
Reading Time: < 1 minuteMoonPay has recently announced the addition of a new fiat on-ramp option for its customers in the European Union and the United Kingdom.
Crypto.com Obtains a Crypto License in Ireland
Reading Time: < 1 minuteIreland has granted approval to Crypto.com to register as a virtual asset service provider, permitting the cryptocurrency exchange to conduct operations in the country.
Trump Wants Bitcoin to Be Mined in the US
Reading Time: < 1 minuteFormer US President Donald Trump showed his support for bitcoin mining during a meeting with several bitcoin miners at his Mar-a-Lago resort on Tuesday night.
Worldcoin Hires Coinbase’s Former Head of Communications
Reading Time: < 1 minuteElliott Suthers, former head of corporate communications at US cryptocurrency exchange Coinbase, has been appointed as the head of communications for Europe, Middle East and Africa at Worldcoin.
Crypto Exchange Lykke Says It Was Hacked
Reading Time: < 1 minuteOn June 4, Lykke cryptocurrency exchange was impacted by an exploit, resulting in the halt of all withdrawals.
Binance’s Users Reach 200M
Reading Time: < 1 minuteBinance announced on June 8 that it had achieved 200 million users globally. No other exchange comes close to this number of users, although the reported figures are self-proclaimed.
Orbit Chain Hacker Transfers $48M Through Tornado Cash
Reading Time: < 1 minuteIn the last moments of 2023, Orbit Chain, a cross-chain bridge connected to the Klaytn ecosystem, was hacked and lost $81.5 million through multiple transactions.
Franklin Templeton to Launch an Altcoin-based Fund
Reading Time: < 1 minuteAccording to anonymous sources, Franklin Templeton, a US company that offers spot Bitcoin ETFs, is considering launching a new crypto fund that would invest in tokens other than BTC and ETH.
Bitcoin ETFs Record Inflows of $488M
Reading Time: < 1 minuteUS-based Bitcoin ETFs received a combined inflow of $488.1 million on Wednesday.
US Appeals Court: SEC Exceeded its Authority with Fund Rule
Reading Time: < 1 minuteA recent decision by a United States appeals court has struck down a Securities and Exchange Commission (SEC) rule that aimed to increase transparency in the hedge fund and private equity sectors.
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