DBS Bank’s digital exchange assets surge 60% in Q2
DBS eyes bigger investor base as digital assets under custody top US$100 million.
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Ethereum addresses using DeFi soar 65% to over 2.9M
The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.
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Chinese central bank shows no sign of softening stance on crypto
People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.
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Crypto exchange FTX.US daily trading volumes jump 150-fold in a year
FTX.US, the U.S. affiliate of Hong Kong-based cryptocurrency exchange FTX, saw its average daily trading volumes soar 150-fold in June compared to the same month a year before, according to the company’s mid-year results. Fast facts The company reported that FTX.US had a daily volume that ranged between US$150 million and US$1 billion in the…
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Crypto mining rig giant Bitmain divests from AntPool, the world’s biggest mining pool
Bitmain’s move comes amid China’s crypto mining crackdowns and AntPool’s shrinking hashrate. Is Bitmain gussying up for an IPO?
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Battle for blockchain talent is heating up. What and where are the crypto jobs?
Flush with capital, blockchain and crypto firms are on a hiring spree. Here’s how the battle for crypto talent is playing out.
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Blockchain developer platform Biconomy Raises $9M, led by Mechanism Capital
Biconomy, a Singapore-incorporated technology company building transaction infrastructure for blockchain applications, today announced it had raised US$9 million in a private funding round led by digital asset fund manager DACM and investment firm Mechanism Capital, according to a company statement. Fast facts Other investors included Coinbase Ventures, Coinfund, Huobi Innovation Labs and Stani Kulechov, founder…
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Huobi’s stock plunges in Hong Kong as it shuts Beijing unit
Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.
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Chinese crypto firms donate millions of yuan to flood-hit Henan
Three blockchain and crypto-related companies have donated hundreds of millions of yuan to China’s Henan Province, which has suffered deadly floods since last week. Fast facts Bitmain, a crypto mining firm was the first to announce a donation of 10 million yuan (US$1.54 million) on July 23 to a charity federation in Zhengzhou, the provincial…