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Northstake Raises $3M to Boost Institutional Crypto Staking
22.6.2023
The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
22.6.2023
The search engine combines real-time data with large language models like ChatGPT
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
22.6.2023
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk
Crypto.com refutes all allegations against it
22.6.2023
According to the Financial Times, Crypto.com runs proprietary trading teams who involve themselves in trading against their customers, an allegation that Crypto.com completely refutes. From the viewpoint of FT, they have received input from five people who insist that exchange personnel offered...
Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported
22.6.2023
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.
Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed...
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
22.6.2023
Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."
Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say
22.6.2023
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs
Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’
22.6.2023
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial...
QCP Capital, SBI Alpha Execute First Uncleared Crypto Options Trade Using Bitcoin as Collateral
22.6.2023
The trade was executed on the regulated Clear Markets platform and involved bitcoin as collateral. The risk management techniques involved were consistent with ISDA's requirements for uncleared derivatives
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...