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Job Cuts at Silvergate as Crypto-Friendly Bank Winds Down After FTX Collapse
12.5.2023
Silvergate Capital, the parent company of now-defunct crypto-friendly bank Silvergate Bank, has announced another major layoff that would impact 230 employees.
In a recent filing with the Securities and Exchange Commission (SEC), the company said it would have just 80 employees left by the end...
Binance.US Contemplates Lowering Founder Changpeng Zhao’s Stake Amid Regulatory Concerns
12.5.2023
Binance’s US-regulated branch Binance.US is reportedly seeking ways to reduce Binance founder Changpeng Zhao’s stake in the company due to concerns over a regulatory crackdown on Zhao’s international business empire.
To reduce the perceived regulatory risk in the US, Changpeng Zhao, better known...
Miami's Enthusiasm for Crypto Wanes Ahead of Annual Bitcoin Conference
12.5.2023
Amid a bearish crypto market, Miami and its mayor Francis Suarez are seemingly losing their enthusiasm for cryptocurrencies and the blockchain technology, according to some industry observers. ...
Read More: Miami's Enthusiasm for Crypto Wanes Ahead of Annual Bitcoin Conference
European Banking Authority May Veto Large Stablecoins During MiCA Approval Process
12.5.2023
The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
"Central banks should have the power to veto the widespread...
Russian Firms ‘Already Doing Business in Crypto’ – And Say They’ve ‘Every Right to Do So’
12.5.2023
A top Russian politician says domestic firms are “already” doing business overseas in crypto – and says they think they are within their legal rights to do so.
The nation’s vehemently anti-crypto Central Bank has recently agreed to the creation of a law that will allow certain firms to trade...
IRS Trains Ukraine to Track Russian Cryptocurrency Activity – Here's What You Need to Know
12.5.2023
The Internal Revenue Service (IRS) is offering virtual and in-person training sessions on tracing blockchain transactions for Ukrainian officials.
The criminal investigation division of the agency has joined hands with blockchain analysis firm Chainalysis and Ukrainian investigators to trace...
Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet
12.5.2023
The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano
Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale
12.5.2023
The miner will sell its common shares under an at-the-market (ATM) offering, with investment firms Canaccord Genuity and Stifel acting as agents
Federal Reserve's FedNow will integrate with Metal Blockchain
11.5.2023
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols
US House Financial Services Committee Chair Rep. McHenry Accuses SEC Chair of Avoiding Answering Questions
11.5.2023
House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon....
Read More: US House...
Binance Criticizes US Crypto Regulations, Eyes UK for Better Oversight
11.5.2023
Major crypto exchange Binance has criticized crypto regulations in the US, calling on the country to follow in Europe’s footsteps and provide clearer rules.
Speaking at the Financial Times’ Crypto and Digital Assets Summit in London on Wednesday this week, Binance’s Chief Strategy Officer Patrick...
S&P Global Finds Ties Between Crypto and Macroeconomic Changes in Latest Report
11.5.2023
Cryptocurrency is still tied to the effects of macroeconomic changes despite drivers such as technology and market sentiment, according to S&P Global’s latest report.
The authors of that US-focused report looked into how monetary policy affects crypto, whether a perception of a possible recession...
Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves
11.5.2023
Stablecoin issuer Tether has announced a profit of $1.48 billion for the first quarter of this year, after rising interest rates helped the company earn higher returns on its massive reserves.
In addition to announcing the massive billion-dollar profit, Tether revealed in a press release...
Meet ‘Dencun.’ Ethereum Developers Are Already Planning Next Hard Fork
11.5.2023
The next major upgrade for the blockchain will include “proto-danksharding,” though developers are still deciding what else to include in the hard fork
Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena
11.5.2023
Thursday's reported first-quarter earnings from miners were a mixed bag
EMCO Network Unleashes Blockchain’s Potential for Precious Metal Industry and Financial Inclusion
11.5.2023
PRESS RELEASE. EMCO Network, a pioneering Defi project, is set to revolutionize the digital and financial landscapes by leveraging its unique blend of real-world experience in precious metals and artificial intelligence sectors. Addressing the challenges faced by users from low socio-economic...
Smart Contracts Have Arrived on the Bitcoin Blockchain – Will BTC Become a DeFi Powerhouse?
11.5.2023
A new era has begun for the Bitcoin blockchain.
Last week, a group of developers deployed a suite of Uniswap smart contracts directly onto the Bitcoin blockchain.
Uniswap is a decentralized cryptocurrency exchange (DEX) that operates on multiple smart contract-enabled blockchains like Ethereum...
Texas Lawmakers Vote To Cement Digital Currencies in Lone State’s Bill of Rights
11.5.2023
Texas lawmakers voted almost unanimously to change the state’s bill of rights to include the right of its residents to own, hold and use digital currency.
The joint resolution was passed through a 139-2 vote on Wednesday....
Read More: Texas Lawmakers Vote To Cement Digital Currencies in Lone...
8 smart strategies for effectively explaining a blockchain scaling solution
11.5.2023
Non-experts are much more likely to grasp the value of a scaling solution if it’s related to something they already understand
How the IRS seized $10B worth of crypto using blockchain analytics
11.5.2023
A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes