Crypto Custody Firm BitGo Cancels Prime Trust Acquisition
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 CryptoX. Source
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South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
Earlier this month, Haru Invest halted withdrawals and deposits. Source
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Bitcoin BTC Price Holds Firm Above $30.1K as Investors Savor BlackRock, Other Spot BTC ETF Filings
Bitcoin (BTC), the world’s largest cryptocurrency by market value, rallied over the past 24 hours after various traditional finance firms announced moves into the crypto market, indicating bullish sentiment. eToro US investment analyst Callie Cox shared her crypto markets analysis. Plus, Lindsey Grossman, the business lead at Bitkey, Block's bitcoin
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Bitcoin Custody Firm Casa Rolls out Ethereum Support
Other Ethereum-related assets such as NFTs, ERC-20 tokens and stablecoins are also being considered for future rollouts. Source
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Binance Labs, CoinFund Lead $10M Round for Smart Contract Infrastructure Firm Neutron
Neutron, which had its mainnet launch in May, is a cross-chain smart contract platform that uses the Cosmos ecosystem’s interchain security feature, Replicated Security (RS). Developers can use Neutron to build smart contracts and decentralized applications (dapps) in a cost-effective and secure environment, the firm said in the statement. Source
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Blockchain Security Firm CertiK Found an Infinite Loop Bug in Sui Network
“Differing from traditional attacks that shut down chains by crashing nodes, the HamsterWheel attack traps all nodes in a state of ceaseless operation without processing new transactions, as if they were running on a hamster wheel. This strategy can cripple entire networks, effectively rendering them inoperable,” CertiK said in a
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Investment Firm Republic Buys Stake in SEC-Regulated Broker-Dealer INX at $50M Valuation
Republic will acquire around a 9.5% stake in INX at an approximate $50 million pre-money valuation, with a "non-binding" commitment to acquire of 100% of equity at a valuation of $120 million as early as third quarter of this year. The closing of the initial deal is expected to be
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Crypto Lobbyists ask SEC for Info on Prometheum, Mysterious ‘Regulated’ Crypto Firm
Above all, many have questioned whether Prometheum has been accurate in presenting itself as a fully regulated crypto exchange, a claim that supports the SEC’s ongoing enforcement agenda. Despite this self-characterization, Prometheum is not currently operational, and there are major unanswered questions about its path forward. Source
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Bitcoin (BTC) Infrastructure Firm Blockstream to Unveil Its Long-Awaited Mining Rig in 3Q of 2024
Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit (ASIC) miner – a culmination of years of engineering work – around the third quarter of 2024, according to Blockstream CEO and co-founder Adam Back during the company’s first ever media briefing on Tuesday. Source
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Nasdaq Inks $10.5B Deal to Acquire Software Firm Adenza
For Adenza, the acquisition represents a significant milestone in the company’s growth trajectory. Just recently, Nasdaq Inc (NASDAQ: NDAQ), the leading US-based technology firm serving the global financial system announced the acquisition of Adenza, a software application provider. The deal, which is valued at $10.5 billion in cash and common stock,
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