Category Archive: Cryptocurrency, No picture
Tether announces $18.75M investment in XREX Group to boost crypto adoption and financial inclusion
Tether, the digital asset industry’s leading company, has made a strategic $18.75M investment in XREX Group, a blockchain-enabled financial institution, according to the company’s press release published today. The latest funding is part of Tether’s ongoing efforts to promote crypto adoption and financial inclusion globally.The investment is set to revolutionize USDT-based cross-border payments in emerging […]
Upcoming House budget bill could restrict SEC’s funding for SAB 121
The House Appropriations Subcommittee on Financial Services and General Government, scheduled for 8:30 AM ET today, could prohibit the US Securities and Exchange Commission (SEC) from using allocated funds to implement SAB 121 and its climate disclosure rule, according to FOX Business journalist Eleanor Terrett.A policy rider that specifically prevents the SEC from using allocated […]
Bitcoin eyes all-time high with 4% gap as ETFs attract massive inflows
Bitcoin’s price soared to $71,200 on Tuesday, only 4% away from its all-time high of $73,700 established earlier in March, according to data from TradingView. The rally comes on the heels of massive inflows into US spot Bitcoin exchange-traded funds (ETFs).Data from HODL15Capital shows that US Bitcoin funds collectively witnessed $887 million in net inflows, […]
SEC to shut down Salt Lake Regional Office following DEBT Box sanctions fiasco
The US Securities and Exchange Commission (SEC) will shut down its Salt Lake Regional Office (SLRO), according to the agency’s announcement on Tuesday. The closure is planned for later this year and will reduce the total number of SEC regional offices from 11 to 10.The SEC claims the SLRO “has long been the SEC’s smallest […]
CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC
Leading Bitcoin miner CleanSpark has revealed its May Bitcoin mining update. According to a press release published on Tuesday, the company mined 417 Bitcoin (BTC) last month, bringing its total holdings to 6,154 BTC.CleanSpark sold 2.43 BTC in May at an average price of around $59,000, with daily mining averaging 13.45 BTC and peaking at […]
Crypto set for a “bright June,” according to industry experts
The approval of spot Ethereum (ETH) exchange-traded funds (ETF) in the US sets a good tone for the crypto market at the end of 2024’s second quarter. Investors’ eyes are all over how the ETH price will react, how the altcoin market will behave, and what altcoin ETFs might be presented to the SEC in […]
Ordinals and Runes are proof of Bitcoin’s permissionless nature — Casey Rodarmor
Casey Rodarmor, the creator of the controversial Ordinals and Runes protocols on Bitcoin, recently discussed his motivations and the impact of his work on the Bitcoin network at Consensus 2024 in Austin, Texas.Rodarmor claims that the objective of his work with Ordinals and Runes is to ensure that Bitcoin remains secure and that its applications […]
Bitcoin metrics indicate return of speculative activity in crypto
Bitcoin’s market dynamics are showing early indications of renewed speculation in the crypto market, as reported by Glassnode. Long-Term Holders (LTH) are currently sitting on unrealized profits, with only a minuscule 0.03% in losses, signaling the onset of a potential bull market’s euphoric phase. Image: GlassnodeOver the past two months, the Sell-Side Risk Ratio for […]
Polygon Labs acquires Toposware to enhance ZK capabilities
Polygon Labs today announced the acquisition of blockchain research and engineering firm Toposware. This acquisition is the third major zero-knowledge (ZK) purchase by Polygon Labs in under three years, following Hermez and Mir in 2021. “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent engineering skills, have made them a perfect fit […]
Watford FC to offer 10% equity shares to fans through tokens
Watford FC, the Championship football club, announced today its plans to offer a 10% stake in digital currency to its fans and investors, according to a recent report by Bloomberg. The sale is being facilitated by Republic, a digital-asset company that provides advisory services and blockchain infrastructure, to web3 builders and investors.As reported, fan investors […]
