Grayscale’s Bitcoin bounty. Circle’s SPAC listing controversy. NFTs for thieves.
Top blockchain and crypto news: Crypto markets await Bitcoin fund release. USDC issuer opts for the back door. In China, NFT copyrights and wrongs.
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Stablecoin issuer Circle to go public in US$4.5B SPAC deal
Circle, the issuer of stablecoin USD Coin, has announced that it will go public through a merger with special purpose acquisition company Concord Acquisition Corp in a deal valuing Circle at US$4.5 billion. Fast facts Law firm Brodsky & Smith has announced an investigation of the merger agreement, saying it may violate Concord’s fiduciary duties and the law.…
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Special series: ‘Let’s get serious’ — how blockchain is revolutionizing payment systems
Though Dogecoin and NFTs dominate headlines, their underlying technology — blockchain — is transforming our world in more meaningful ways, according to authors Kosrow Dehnad and Joe Duncan.
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Israel authorities order seizure of cryptocurrencies from Palestinian resistance group Hamas
Israel’s National Bureau for Counter Terror Financing has issued a seizure order against 84 cryptocurrency addresses associated with Palestinian resistance group Hamas as it looks to confiscate holdings of Bitcoin, Tether, Dogecoin and other cryptos. Fast facts “This action comes after a sizable uptick in cryptocurrency donations to Hamas in May following increased fighting between…
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South Korean crypto exchanges tighten personal trading rules for employees
Three of the biggest cryptocurrency exchanges in South Korea have tightened restrictions on virtual currency trading by their employees in a move designed to comply with the nation’s crypto regulations. Fast facts Bithumb announced that starting this month, it had banned its employees from trading cryptocurrencies using Bithumb accounts. The exchange has made employees sign…
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Bitcoin: Follow the money. Titan goes Titan-ic. China’s footloose miners.
Top blockchain and cryptocurrency news: Bitcoin’s still winning. Titan’s troubles as a teachable moment. Beijing creates a crypto mining diaspora.
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What lies ahead for CBDCs, Bitcoin and other digital currencies?
In a new report, Bank for International Settlements extols central bank digital currency (CBDC) as the future of money. Will CBDCs replace Bitcoin someday?
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Iron Finance’s DeFi bank run — and how Mark Cuban got ‘rekt’
Iron Finance, once a DeFi darling, went from billions to bust in a day. Should investors have seen the crash coming? How stable are algorithmic stablecoins?
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Indian crypto exchange WazirX in probe over US$382M in suspect transactions
India’s Enforcement Directorate has issued a show cause notice to cryptocurrency exchange WazirX for alleged foreign exchange violations involving 27.9 billion rupees (US$382 million).