Blockchain security firm CertiK announced Wednesday that it has received $37 million in fresh financing to expand its product and security capabilities for the cryptocurrency and DeFi industries. “We’re proud to advance transparency in the space by providing the tools and resources – including our official audit reports – so the community can make sense …
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Fidelity Digital Assets is getting ready to expand its cryptocurrency team as institutional demand heats up. According to Tom Jessop, president of Fidelity Digital Assets, the firm’s cryptocurrency unit plans to increase its workforce by 70% and hire around 100 new employees in its Dublin, Boston and Utah locations amid strong interest from institutional investors. …
Brazil’s Comissão de Valores Mobiliários (CVM), the country’s securities regulator, has approved an Ether (ETH) exchange-traded fund (ETF), according to an announcement by QR Capital, the holding company of QR Asset Management. The fund, which trades under the ticker QETH11 will trade on Brazil’s highly reputable B3 stock exchange, which operates as a regional exchange and …
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Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia. Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical debit card that will allow Australians to spend their Bitcoin at local …
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The California District Judge overseeing a racketeering suit filed against crypto derivatives exchange BitMEX, William H. Orrick, has rebuffed the plaintiffs’ motion offering to provide them with a tutorial on “cryptocurrency basics.” According to a July 13 report from Law360, the judge responded to Bitcoin Manipulation Abatement LLC (BMA)’s proposal with a one-page order on …
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Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul — the business hub of the country — on Tuesday. Opening a mining equipment shop in a country with costly electricity seems counterintuitive. But Phoenix Store, Bitmain’s sales partner in the …
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Popular on-chain analyst Willy Woo says that Bitcoin is poised to hit the six-digit price range once its retracement is over. Woo says in a new interview with Bitcoin bull Anthony Pompliano that based on on-chain data, he believes it’s only a matter of time before the leading crypto asset kicks off the next phase …
The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online …
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Bitcoin (BTC) is seeing a “reset” in investor behavior at $30,000 and the trend need only continue to spark a price rise. According to on-chain monitoring resource Ecoinometrics on July 13, the only way is “up” for BTC/USD if hodlers continue accumulating coins. “Intriguing” data points to fresh demand Analyzing who bought coins since the …
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NFTs are the new muse In an exclusive shared with Cointelegraph, celebrity-focused NFT auction platform Cryptograph has announced the launch of an exclusive track from Muse frontman Matt Bellamy in the form of a nonfungible token (NFT). The token will be issued to accompany the launch of Bellamy’s new 10-track solo album Cryosleep on July 16, …
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The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum. In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum …
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Cross-chain asset bridge, ChainSwap, has announced a compensation plan for users after suffering an $8 million loss in its second exploit suffered this month. ChainSwap supports the Ethereum, Polygon and Binance Smart Chain networks. On July 10, the hacker exploited a vulnerability allowing them to steal more than 20 different assets from the liquidity pools …
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Hong-Kong-based billionaire Sam Bankman-Fried has stated that FTX may consider buying U.S. financial giant Goldman Sachs and exchanges such as Chicago Mercantile Exchange (CME) in the future. Speaking with the Financial Times on July 14, Bankman-Fried stated that if FTX can become the top crypto exchange and supplant rivals such as Coinbase and Binance, the …
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A decentralized finance project providing binary options style trading has just completed a $2.5 million seed round. Binary options are financial instruments that allow traders to speculate on the price movement of the underlying market or cryptocurrency. There are two possible outcomes which is why they are considered binary. At launch, Thales will support markets …
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The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating …
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