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South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits
Mastercard Focuses Its ‘Engage’ Program on Crypto
22.6.2023
The expanded network helps bring new crypto card programs to market and creates crypto-to-fiat conversion capabilities, Mastercard said
Binance US Market Share Shrinks Amid Legal Battle With SEC
22.6.2023
The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops...
Crédit Agricole’s CACEIS Gains Crypto Custody Registration in France
22.6.2023
The traditional finance giant has been rumored to be seeking the status for years
Russian Who Sent Crypto to Ukrainian Army to Face Treason Charges
22.6.2023
A Russian citizen has been arrested for allegedly sending crypto to Ukraine’s armed forces – and will be tried on treason charges.
The Russian news agency Tass reported that the (unnamed) citizen is a resident of the Far Eastern territory of Khabarovsk Krai, across the sea from Japan.
The citizen...
Banking is 'slowly dying' — Former TradFi execs on reasons for joining crypto
22.6.2023
Cointelegraph spoke to former senior executives in traditional finance who've made the move to crypto. Would they ever go back?
HSBC, Mastercard File More Crypto-Related Trademark Applications
22.6.2023
HSBC and Mastercard, two major players in the banking and payment industries, have submitted additional trademark applications related to cryptocurrencies with the United States Patent and Trademark Office (USPTO). Mastercard’s filing focuses on crypto and blockchain transactions while...
Atomic Wallet gives major update on hack but questions remain unanswered
22.6.2023
The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause
Federal Reserve Chairman Says Crypto Appears to Have Staying Power in US Economy
22.6.2023
Federal Reserve Chairman Jerome Powell has acknowledged that cryptocurrency appears to have staying power as an asset class in the U.S. economy. In addition, he stated that the central bank views payment stablecoins as a form of money, emphasizing that it would be appropriate to have a robust...
Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal
22.6.2023
Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase Cleanspark’s current operations by just...
Reviewing the Tether Documents
21.6.2023
Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, which CoinDesk won...
A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF
21.6.2023
Hint: It has to do with making money
Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community
21.6.2023
3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past
Hong Kong Should Follow Singapore, Japan in Crypto: Government Study
21.6.2023
A government study conducted by the Research Office at Hong Kong’s Legislative Council has suggested that the city should take cues from countries like Japan and Singapore in its efforts to develop and embrace Web3 technologies and crypto....
Read More: Hong Kong Should Follow Singapore, Japan...
Bitcoin, Ether Fall Outside Howey Test Criteria
21.6.2023
As a result, the SEC’s regulatory scrutiny may be more limited in scope
Crypto payment solution Ramp expands on-ramp service, adds support for 40 fiat currencies
21.6.2023
Ramp expands its platform compatibility with 40 new currencies, including the Bermudian Dollar, Costa Rican Colón, Hungarian Forint, Mexican Peso, Singapore Dollar, and Swiss Franc
Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand
21.6.2023
The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI.
The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as per a press...
Crypto and AI: Save Us From the Hype
21.6.2023
Investment Bank Berenberg: Stablecoins and DeFi Likely to Face SEC's Crypto Crackdown Next
21.6.2023
The U.S. Securities and Exchange Commission (SEC) is likely to extend its enforcement crackdown to both decentralized finance (DeFi) and stablecoins, wrote Berenberg in a research report published on Tuesday.
As read by CoinDesk, the investment bank said that two of the SEC’s next targets...
Atomic Wallet Hackers Hide $35 Million Stolen Crypto Funds Using THORChain – Here's What You Need to Know
21.6.2023
Hackers that exploited Atomic Wallet for over $100 million earlier this month are using the cross-chain liquidity protocol THORChain to hide their loot.
According to on-chain data, 503 ETH equivalent to $870,000, associated with the Atomic hack, was moved to THORChain on the 18th and 19th of June...