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Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll

[Aug 22, 2023 2:46 AM] The number of employees losing their jobs is 71 out of some 590.

Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns

[Aug 21, 2023 4:00 PM] The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the…

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

[Aug 21, 2023 2:07 PM] The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

Terra Website Compromised; Developers Warn Against Phishing Scam

[Aug 21, 2023 7:47 AM] Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

[Aug 21, 2023 4:32 AM] Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.

Crypto Lender Exactly Hit by $12M Bridge Exploit

[Aug 18, 2023 5:41 AM] Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.

BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies

[Aug 18, 2023 2:00 AM] The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both…

Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users

[Aug 17, 2023 1:28 PM] The exchange expanded its services in Canada earlier this week.

Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies

[Aug 17, 2023 11:41 AM] Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to…

How Is Tokenization Impacting Investing?

[Aug 17, 2023 9:45 AM] Decentral Park’s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape.

Avalanche Foundation Provides $3M in AVAX Tokens to Dexalot

[Aug 17, 2023 8:00 AM] The grant is part of Avalanche’s Multiverse initiative, an incentive fund that aims to push the growth of new subnets.

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

[Aug 17, 2023 6:54 AM] Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.

Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services

[Aug 17, 2023 6:04 AM] The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.

Blockchain-Harnessing AI Project Jada Receives $25M in Capital

[Aug 17, 2023 3:00 AM] The project's aim is to offer AI services that aid decision-making for organizations and scale up their operations.

US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says

[Aug 17, 2023 1:30 AM] BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies…

PayPal to Stop Crypto Purchases in UK Until 2024

[Aug 16, 2023 10:20 AM] Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

[Aug 16, 2023 7:00 AM] Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.

Ex-Meta Engineer’s Layer-1 Blockchain Linera Raises $6M in New Funding

[Aug 16, 2023 7:00 AM] The layer-1 blockchain’s initial seed funding round was led by a16z crypto and has now raised $12 million in total.

BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg

[Aug 16, 2023 5:43 AM] The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.

Coinbase Finally Wins Approval to List Crypto Futures in U.S.

[Aug 16, 2023 4:42 AM] The approval makes Coinbase the first crypto-first platform to offer regulated and leveraged crypto futures alongside alongside traditional spot trading.

Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products

[Aug 15, 2023 12:15 PM] Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.

Dinari Raises $7.5M for Decentralized Stock Trading Platform

[Aug 15, 2023 7:00 AM] Backers for the dShares platform, which will be available ex-US, included a Susquehanna subsidiary.

Artificial Intelligence Trend is Accelerating With ‘Lion’s Share’ in the U.S.: Morgan Stanley

[Aug 15, 2023 6:14 AM] The banking giant said in a report that around 15% of companies quantified a revenue or cost-benefit from applying machine learning in the first half of the year.

Europe's First Spot Bitcoin ETF Lists in Amsterdam

[Aug 15, 2023 3:49 AM] Jacobi first won approval for the fund in October 2021 with plans to list it in 2022. However the firm opted to push back its plans due to inopportune circumstances elsewhere in the digital asset market.

BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say

[Aug 14, 2023 3:00 AM] The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross…

Russia to Test Digital Ruble in 11 Cities, Moscow Subway

[Aug 12, 2023 1:30 AM] Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users…

Spot Bitcoin ETF Applications Face More Delays

[Aug 11, 2023 1:30 PM] The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public…

Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: 'Good Luck' Convincing a Jury

[Aug 11, 2023 11:43 AM] His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service.

Visa Tests Way to Make Paying Ethereum Gas Fees Easier

[Aug 11, 2023 11:22 AM] Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post.

Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say

[Aug 11, 2023 9:45 AM] Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.