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BitMEX is in hot water with the CFTC and DOJ. Thursday, a dual agency operation levied charges against the derivatives exchange and several employees for facilitating unregistered trading and violating the Bank Secrecy Act. Elsewhere, another European financial head has intimated the need for a “digital euro,” Atari’s cryptocurrency has a sale
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The Australian government is investing big in modern technology, Nasdaq saw its first crypto exchange operator listing and revenues are surging for Ethereum miners amid increased network activity. Top shelfAustralia modernizesAustralia will commit A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan, Prime Minister Scott Morrison
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Coinbase will offer non-aligned employees a severance package, Kadena looks to cut into the DeFi market with a new decentralized exchange and Sushiswap is hemorrhaging liquidity. Top shelfSeverance offerCoinbase CEO Brian Armstrong sent his employees a letter telling them to get in line with a new company “culture shift,” offering those unwilling
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California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say “alt-season” is over. Top shelfBrokerage raiseEuropean crypto brokerage Bitpanda has raised a $52 million Series A led by Peter Thiel’s Valar Ventures, to be put to use expanding the company’s payroll and adding a variety of products. Next
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Bitcoin is moving off exchanges, has been less volatile than TLSA and broke its record for longest streak trading above five figures. Also: Bitwise’s bitcoin fund has more than doubled in size, KuCoin was hacked and Jack Dorsey dropped a few more hints about his decentralized social media standard, Blue Sky. Top
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Fintech giant Plaid has quietly added support for two DeFi applications, the IRS wants to know about your crypto holdings and data shows the total value of stablecoins has surpassed the $20 billion milestone. Plaid <3 DeFiVisa-owned fintech company Plaid, which connects traditional bank accounts to thousands of digital platforms has quietly
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MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused hedge fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.Top shelfDecentralized governanceMakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left
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DeFi Pulse fixed a bug that led to a substantial misreporting of total value in decentralized finance protocols, former acting White House chief of staff Mick Mulvaney joined the Chamber of Digital Commerce and there’s a new stablecoin that functions like a savings account. Top shelfFresh capitalCrypto projects are raising funds as
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The OCC published guidance clarifying that federally-regulated banks can work with stablecoin issuers, the ECB thinks stablecoin is a “misleading” term and a group of banking veterans has spun up a new crypto fund. Top shelfBitcoin fundsBanking veterans who have steered divisions at HSBC, Barclays, Citigroup and Merrill Lynch in the
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China sees its digital yuan as a “new battlefield,” DeFi’s Curve has a new dividend program and a yet-to-launch platform is pursuing an “Initial DEX Offering.” Top shelf‘New battlefield’China’s central bank gave an inside look into its motivations for developing a digital currency (CBDC) for retail and governmental use. In a commentary published by
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