Cryptocurrency Analysis and News Portal
Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20
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A Binance spokesman said “xenophobia” is underlying talk of a possible review by a key U.S. government panel that examines foreign takeovers. Source
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They aren't the only ones to leave recently. Last week, CryptoX broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two months on the job. Legal counsel Joe Cisewski left to become chief of staff for Christy Goldsmith Romero,
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PrimeBlock didn’t give any reason for the termination of the merger. However, the crypto space as a whole has been under pressure amid falling prices, and that has caused pain in mining, squeezing profits among other things. Another miner, Gryphon Digital Mining, also recently terminated its own takeover deal with
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There is evidence, however, suggesting SBI Crypto’s operation has slowed since Russia invaded Ukraine, which led to sanctions. Its mining pool hashrate, a measure of computing power spent on the Bitcoin network, has dropped by about one-third since February, according to data from information platform Blockchain.com. Source
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Binance, the world’s largest crypto exchange, is keen to purchase Voyager, according to industry sources who have learned of the company’s interest. “Binance is excited and pursuing hard,” one of the people said. The exchange is “pushing hard on buying into institutional,” a second person said. Source
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Bahamian officials have campaigned for the industry’s business with open arms. The island is ready to be “a home for global leaders" in the crypto space, Prime Minister Philip Davis said at the SALT conference in the Bahamas in May, where Bart Smith, Susquehanna’s crypto lead, also spoke. Source
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The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of funds lent to the now beleaguered, Hong Kong-based Babel through a product called "ZipUp." Zipmex
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French Bank BNP Paribas (BNP.PA) is entering the crypto custody space via a partnership with Swiss digital asset safekeeping firm Metaco, according to three people with knowledge of the deal. Source
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"We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision," Sumit Gupta, co-chair of the now defunct BACC, said in a written statement on Tuesday, adding that crypto advocates like him will "continue to double down" on their efforts. Gupta is
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