Crypto’s latest M&A deal features a unique element: a token ‘merger’

European crypto exchange LGO and publicly traded brokerage Voyager are merging. The deal is the latest M&A deal in the digital asset market following tie-ups between Binance and CoinMarketCap as well as FTX and Blockfolio. A spokesman for LGO did not comment on the financial details of the merger, noting that LGO’s assets will be […]

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Fed chair Powell: A central bank digital currency could improve the payment system in the U.S.

Jerome Powell, the chairman of the U.S. Federal Reserve, has acknowledged that a central bank digital currency (CBDC) could lead to improvements in the broader payment system in the U.S. During a panel discussion on cross-border payments hosted by the International Monetary Fund (IMF) on Monday, Powell said that “there are a number of ways […]

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New data show how dominant Tether has become as a trading pair on crypto exchanges

Bitcoin used to be far and away the most popular trading pair at crypto exchanges. These days, the distinction belongs to Tether. Around 70% of the trading volume at exchanges is now denominated in Tether, while 15% is denominated in bitcoin and another 4% is in other stablecoins.   In the first quarter of 2017, bitcoin […]

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Skynet Labs unveils new platform for developing decentralized social media apps

Skynet Labs, the blockchain company building the Sia decentralized cloud storage platform, has launched SkyDB, a platform for developers who want to build decentralized social media platforms.  SkyDB will allow users to create decentralized accounts and store data in those accounts, which will be accessible from anywhere, according to a company announcement. Users will not […]

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Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer Jeff Horowitz is set to exit the cryptocurrency exchange, according to several people familiar with the personnel move.  Horowitz, who’s career in financial services compliance spanned firms like Lehman Brothers and Citigroup, joined Coinbase in 2018. As the firm’s first CCO, he played a role in shaping Coinbase’s anti-money laundering policies as […]

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The Graph is implementing state channels technology on its Ethereum-based network

Indexing protocol The Graph is deploying scalable generalized state channels on its Ethereum-based network, the San Francisco-based startup announced Friday.  The development will enable users to connect directly to a distributed network of decentralized service providers to enable faster and more secure peer-to-peer micropayments, according to the team behind the project. The Graph collaborated with […]

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Chinese city to host digital currency lottery as part of DCEP trial

Officials in L.uohu District, Shenzhen, are set to give out as much as 10 million yuan ($1.49 million USD) to local residents in the form of China’s long-in-the-making digital currency for a week-long trial run.  The lottery attempts to promote demand for the new digital yuan. Dan Wang, the chief economist at Hang Seng Bank […]

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Indian crypto exchange Unocoin raises $3.5 million Series A led by Draper Associates

Unocoin, one of India’s oldest cryptocurrency exchanges, has raised $3.5 million in Series A, CEO Sathvik Vishwanath told The Block in an interview. The round was led by Tim Draper’s Draper Associates, with participation from XBTO Ventures, 2020 Ventures, and others. Vishwanath said the round is still ongoing, and Unocoin is looking to raise an […]

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The public token sale for Flow, from Dapper Labs, is already CoinList’s most popular ever

More than 12,500 users participated in the first phase of a public token sale on CoinList for Flow, a new blockchain platform developed by Dapper Labs, the creator of CryptoKitties. That makes it CoinList’s largest-ever public token sale. The Flow sale has two phases: a “community sale” followed by a Dutch auction. According to CoinList’s […]

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U.S. Immigration and Customs Enforcement wants to automate its accounting — and that includes transactions in bitcoin

U.S. Immigration and Customs Enforcement (ICE)’s tech division has put out a request for information for software that the agency could use to beef up its financial auditing management capabilities — and that includes its employees’ interactions with and utilization of bitcoin. The agency is looking to build a financial management add-on to an existing […]

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