Five executives from a Filecoin mining service are facing a lawsuit at the People’s Court of Pingan County in China over allegations that they pocketed millions of dollars and left investors in ruin. On Aug. 14, local media reported that the court held a public hearing on a case that could potentially set a precedent…
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The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The Jacobi FT Wilshire Bitcoin ETF is now trading. Source: Euronext Amsterdam. As previously reported by Cointelegraph, the offering was…
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Bitcoin (BTC) will only hit six figures after its 2024 block subsidy halving, not before, Bitcoin investor and author Jesse Myers believes. In an X post on Aug. 15, Myers, who is co-founder of Bitcoin investment firm Onramp, said that the market will only “price in” the halving post factum. Markets not “efficient” with Bitcoin…
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United States based Bitcoin (BTC) ATM operator Bitcoin Depot said it posted best ever revenue numbers in the second quarter of 2023 as the company looks to expand its footprint after recently being listed on the NASDAQ. Bitcoin Depot released its Q2 results in line with a number of cryptocurrency ecosystem firms, recording $197.5 million…
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While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes that three business days is a “timely transfer” for single-currency stablecoins (SCS), which is similar to transfer speed requirements for domestic money transfers. On Aug. 15, the Monetary Authority of Singapore (MAS) released its regulatory framework for stablecoins in the city-state.…
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Crypto mortgages entail utilizing cryptocurrency holdings as security to bind a conventional mortgage or loan. The procedure to obtain a crypto-backed mortgage starts with the borrower giving their cryptocurrency to the lender as security, with the lender calculating the maximum loan amount depending on the value of the collateral. The acceptability of the cryptocurrency is…
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Singapore’s central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state. The Monetary Authority of Singapore announced the framework on Aug. 15 which is aimed at non-bank issued stablecoins pegged to the value of the Singapore dollar or G10 currencies such as the euro, British…
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Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial. Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14 motion filed by United…
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Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital. On Aug. 14, institutional crypto research firm Delphi Digital’s Kevin Kelly said that crypto markets are cyclical and predictable which “has huge implications for the crypto market…
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Binance has asked a court for a protective order against the Securities and Exchange Commission (SEC) over what the crypto exchange claims is a “fishing expedition” from the regulator. In an Aug. 14 court filing, Binance put forward a motion for a protective order following deposition notices and discovery requests from the SEC. “BAM has…
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