Tether rejects claims of renewed scrutiny over suspected bank fraud
World’s largest stablecoin dismisses report suggesting possibility of U.S. investigation, despite claims of recent Justice Department interest and track record of legal woes.
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Goldman applies to launch decentralized finance ETF
As regulation permitting the establishment of Bitcoin exchange-traded funds remains stalled in the U.S., Goldman Sachs has officially applied for an ETF offering exposure to companies in decentralized finance and blockchain. Fast facts In a recent filing to the U.S. Securities and Exchange Commission, the bank said its fund — the Goldman Sachs Innovate DeFi…
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Bybit contributes $19M to BitDAO in ETH, USDT and USDC to support DeFi growth
Singapore-based crypto derivatives exchange Bybit today announced it had made a US$19.3 million contribution in Ethereum (ETH), Tether (USDT) and USD Coin (USDC) to BitDAO, one of the world’s largest decentralized autonomous organizations, which it helped launch last month. Fast facts Many crypto projects, especially those in decentralized finance, have organized themselves as DAOs for…
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Ethereum founder Vitalik Buterin to star with Mila Kunis in NFT-based show
As non-fungible tokens make their way into TV with a new funding model and method of building community, who better to lead a project than the head of Ethereum himself?
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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…
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Binance expands in Singapore amid global crackdown
Binance, the world’s biggest cryptocurrency exchange by trading volume, appears to be expanding its Singapore office. At the time of publishing, Linkedin showed that it had 261 job vacancies in Singapore — where its CEO, Changpeng Zhao, allegedly lives — among 964 vacancies globally. Fast facts The talent Binance is seeking ranges from futures growth…
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Bitcoin price surges to almost $40K as Asia wakes to Amazon crypto reports
Led by traders in Asia, Bitcoin saw its biggest one-day gain in over a month amid speculation that Amazon is getting into crypto.
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Bitmain joins hands with Kazakhstan mining farm Enegix to host rigs
Chinese cryptocurrency mining rig maker Bitmain has partnered with Enegix, which runs one of the biggest crypto mining data centers in Kazakhstan, to host its Antminer machines in the Central Asian nation. Fast facts Bitmain said in a statement on Friday that it had joined hands with Enegix, a data center operator in Kazakhstan, to…
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BIT Mining to exit lottery business for crypto mining expansion
BIT Mining — a New York Stock Exchange-listed company that only months ago became a big investor in Chinese cryptocurrency mining — has decided to exit its Chinese lottery-related business and focus more on mining outside the country. Fast facts BIT Mining, formerly known as 500.com, has operated online sports lottery services, but announced on…