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The US government redesignated Garantex on Thursday to its list of sanctioned entities, along with its successor, Grinex, but TRM Labs suggests it could be ineffective. Cryptocurrency exchange Garantex Europe, which was sanctioned on Thursday, could already have a contingency plan allowing it to skirt the impact of US sanctions, says blockchain intelligence firm TRM…
The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week…
The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said…
Cathie Wood’s ARK Invest scooped $172 million worth of Bullish shares across three ETFs as the crypto exchange surged 83.8% in its first day of trading. Cathie Wood’s ARK Invest bought 2.53 million shares of crypto exchange Bullish across three of its exchange-traded funds (ETFs) on Wednesday, the day of the company’s blockbuster public debut….
Bitcoin and Ether look poised to hit new highs soon. Which altcoins could follow? Key points: Bitcoin bulls are chasing after BTC’s $123,218 all-time high as buying pressure surges. Ether has played catch-up to Bitcoin and is close to making a new all-time high. Read more If you liked the article, do not forget to…
When NeoLogic started building its more energy-efficient CPUs for AI servers, folks in the industry told its founders Avi Messica and Ziv Leshem that their idea wasn’t viable. “Most of the people that we have met say it’s impossible,” Messica told TechCrunch. “Some of them told us, at the time, that the innovation is impossible…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, USDC issuer Circle has introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year, an Ethereum developer who…
Most organizations say they aren’t fully prepared to use generative AI in a safe and responsible way, according to a recent McKinsey report. One concern is explainability — understanding how and why AI makes certain decisions. While 40% of respondents view it as a significant risk, only 17% are actively addressing it, per the report….
Paxos has reapplied for a US national trust bank charter after its 2021 conditional approval expired. Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal…
The IPO is led by Wall Street heavyweights JPMorgan, Jefferies and Citigroup, SEC filings show. Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks. Bullish now plans to sell…