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16 Sep 2021
Treasury preps stablecoin framework as officials fear stability, redemption risks: report
Citing anonymous sources, Bloomberg reports that a coming Treasury report on stablecoins will highlight risks like the inability to redeem stablecoins for their underlying assets and potential runs on crypto assets as major concerns.
The Treasury report on stablecoins is highly anticipated. Hithert...
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16 Sep 2021
Blockchain-based music platform Audius raises $5 million from music industry giants
Audius, a blockchain-based music streaming platform with over six million monthly users, announced Thursday that it raised $5 million from some of the music industry’s top people.
Investors in Audius include artists such as Katy Perry, The Chainsmokers, Nas, Jason Derulo, Pusha T, Mark Gillespie, as...
News
16 Sep 2021
Former OpenSea exec’s NFT trading did not break the law, but it could provoke regulators
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OpenSea says it is implementing new procedures after a now-former executive was caught trading NFTs with inside knowledge.
While legal sources say the actions didn't break the law, it could draw the ire of regulators who are already applying heavy scrutiny to the industry. ...
Fidelity Digital Assets, the crypto-focused wing of global asset manager Fidelity, has published the results of a survey that interviewed 1,100 investors across the globe.
The study surveyed 408 American, 299 Asian, 393 European investors on their investment behavior and view of digital assets such...
Revolut has announced that it has used bitcoin to pay for office space for 300 employees in a WeWork in Dallas – its largest office in the United States.
But why has the British neobank, which is valued at a cool $33 billion, opted to use bitcoin in this way?
The answer is in part to save money, and...
Avalanche, the proof-of-stake blockchain promising the industry’s fastest smart contracts, has raised $230 million in a token sale to institutional investors.
Polychain and Three Arrows Capital led the round alongside R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and a group ...
El Salvador has brought its Chivo bitcoin ATMs to several U.S. cities, a move aimed at making it easier and cheaper to send remittances abroad to friends and family in the Central American country.
El Salvador now counts 50 of the commission-free Chivo ATMs in 10 U.S. locations where local legislat...
cLabs, the team building the mobile-first, proof-of-stake blockchain Celo, has picked up a few big hires in the last few weeks, according to a statement provided to The Block.
This month, cLabs hired Danielle Andrzejewski as head of commerce, to focus on international business partnerships for the C...
News
16 Sep 2021
Binance to abandon decentralized HQ concept after some regulators think it’s ‘dodgy’
Crypto exchange Binance is poised to shift away from its long-standing "decentralized headquarters" narrative as it faces global regulatory headwinds.
In a TV interview with the South China Morning Post on Thursday, Binance co-founder and CEO Changpeng Zhao was asked how Binance is getting itself re...
The Development and Reformation Commission of China's Inner Mongolia, previously one of the crypto mining hubs in China, said on Wednesday that it has hired a contractor to help the state monitor for illegal mining operations.
The commission selected Inner Mongolia Mengze Engineering Management Limi...
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