Author: Cointelegraph by Pradipta Mukherjee

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Former Square, Coinbase execs raise $58M for Bridge stablecoin network

Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards. Source link

Parafi Capital's $120M fundraise signals renewed growth for crypto funds

Crypto firms, VCs have been raising capital this year as cryptocurrency prices recover, improving overall market sentiment. Source link

Japan eyes Web3 growth with startup-focused tax reforms

Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide. Source link

Bitfarms assumes control of 120 MW mining mega-site in US

Bitfarms assumes control of its first U.S. mega-site, marking a significant expansion in its power capacity and mining operations. Source…
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India mulls cross-border CBDC interoperability system

RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability. Source link

Hong Kong targets noncompliant crypto exchanges in licensing push

Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations. Source link

NYSE calls out crypto provider SOS for noncompliance

The New York Stock Exchange mandates all listed securities to maintain an average closing price of $1 or more.  Source…
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Bitfarms acquires Stronghold Digital Mining in $125M deal

As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held. Source link

Abu Dhabi proposes framework for fiat-referenced tokens

FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can…
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Nigerian SEC to issue crypto platform licenses as market size grows: Report

In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset…
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