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“# Australian crypto businesses tell Senate inquiry about being de-banked up to 91 times ” Crypto-related companies and figures have provided evidence about being de-banked by Australian financial institutions to a Senate inquiry. Crypto investment firm Aus Merchant, global remittance provider Nium and small peer-to-peer crypto brokerage platform Bitcoin Babe were speaking on a panel…
“# BitMEX racketeering complaint dismissed over lengthy ‘copy and paste’ claims ” A U.S. District Judge has dismissed amended racketeering allegations brought by traders against the parent company of derivatives exchange BitMEX, HDR Global trading, noting that many of the plaintiff’s accusations had been copy and pasted from a different lawsuit filed against the platform….
“# Blockstream and Macquarie Group launch Bitcoin mining pilot program ” Blockchain infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot for a Bitcoin (BTC) mining facility with a mandate to explore carbon-neutral alternatives. As part of the pilot project, Macquarie Group is investing in one…
“# Roxe hires ex-IMF economist to lead Bitcoin-backed CBDC project ” Global payment network Roxe has recruited a seasoned economist from the International Monetary Fund, or IMF, to help lead its central bank digital currency project backed by Bitcoin’s (BTC) hashrate. Andreas Jobst, whose career spans the IMF, World Bank and Bermuda Monetary Authority, has…
“# Multicoin Capital leads Eden Network’s $17.4M seed raise ” Ethereum transaction protocol Eden Network has raised $17.4 million in seed funding from some of blockchain’s biggest venture funds, underscoring the need to address ongoing challenges facing the block production economy. The funds will be used to support the adoption of Eden Network among developers,…
“# Bitcoin price to hit $100K in 2021 or early 2022: Standard Chartered ” Industry experts see Tuesday’s crypto market plunge as a “false dip” while reiterating the $100,000 Bitcoin (BTC) price for the end of the year. In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in…
“# Institutional investors dominated the DeFi scene in Q2: Chainalysis report ” The DeFi market appears to no longer be the domain of retail actors alone as the institutional investment footprint in the crypto market segment continues to attain more significant levels. According to blockchain intelligence firm Chainalysis, institutional investors played a major role in…
“# SubQuery raises $9M for Polkadot data protocol ” Decentralized data aggregator SubQuery has concluded a $9 million funding round to build Polkadot’s first data aggregation layer, a move that could strengthen data indexing for the emerging interoperability network. The investment funds will be used to continue building SubQuery’s data indexing infrastructure for all Polkadot…
“# Despite Bitcoin price crash, BTC is the internet of value transfer: Novogratz ” The crypto market is back to major price swings followed by a Bitcoin (BTC) price crash on Tuesday, the day the largest cryptocurrency became legal tender in El Salvador. But it was not unexpected for many crypto veterans, including Galaxy Digital…
“# SEC threatens to sue Coinbase over crypto yield program it considers a security ” The United States Securities and Exchange Commission (SEC) has reportedly threatened to sue Coinbase over a crypto yield program it deems as a security. Coinbase CEO Brian Armstrong tweeted on Sept. 8 that has been some “really sketchy behavior coming…