Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China. Original
Circle’s Allaire Says Bitcoin ETFs Likely to be Approved: Bloomberg
Month: June 2023
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million. The rigs, which were sourced from mining manufacturer MicroBT, will boost the firm’s self-mining capacity by 7.6 exahashes per second (EH/s) and comes “in advance” of Bitcoin’s next halving cycle, which is set to take place in mid-2024. Riot Purchases 7.6 EH/s of Next Generation Miners from MicroBT, Manufactured in the United States. Read more in today’s press release: https://t.co/esLToy798H — Riot Platforms, Inc.…
FTX splurged on cartoon, book about humans and ‘Pineapple House,’ alleges CEO
Former FTX executives allegedly splurged millions on funding niche projects unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.” A June 26 report from FTX restructuring chief and CEO John Ray laid out the uses of the allegedly misappropriated customer funds. According to the report, this included “charitable” donations made by the exchange’s co-founder Sam Bankman-Fried and other former executives under the nonprofit FTX Foundation. Detailed were $700,000 worth of FTX Foundation “grants,” $400,000 of which were given to “an entity that posted animated videos on…
Crypto travel rule fails to meet FATF standards, says report
The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the “Travel Rule” as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies. On June 23, the United Nations body responsible for promoting strategies against money laundering and terrorist financing highlighted that a significant number of member states have yet to implement the rule. Addressing anonymity A survey conducted by the Financial Action Task Force (FATF) in March 2022 has revealed concerning levels of compliance with the travel rule…
OKX Goes Live With Nitro Spreads, Allowing One-Click Basis Trading
“In the current complex market environment, institutions demand reliability, predictable returns and genuine innovation when choosing a trading venue,” said Lennix Lai, global chief commercial officer at OKX. “This is especially true in basis trading, where precision and flawless execution are paramount,” he added. Source
Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions
Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto. During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital assets at Commonwealth Bank (CBA) shed light on the bank’s restrictions on crypto exchange payments, noting it was put in place after seeing an alarming rate of scams that ended up involving cryptocurrency. “One in three of the dollars that are scammed from Australians touch crypto,…
Ethscriptions launched on Ethereum, tradecurve prices up 20%
Launched on June 17 and inspired by Bitcoin Ordinals inscriptions, Ethscriptions offer a new way to mint non-fungible tokens (NFTs) on Ethereum. As Tradecurve enters stage 4 of its presale, TCRV, its native token, is already up 80% since launch. The hybrid exchange offers borderless market access without users complying with the know-your-customer (KYC) requirements. >>Buy TCRV tokens now<< What are Ethscriptions? Developed by Tom Lehman, also a co-founder of Genius.com, nearly 30,000 Ethscriptions were created within the first 24 hours after the protocol went live. Ethscriptions assets utilize the data within…
$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO
There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto. On June 26, CoinShares chief strategy officer Meltem Demirors highlighted at least eight major financial institutions that have signaled moves in the digital assets space, including BlackRock’s spot Bitcoin ETF filing and Fidelity’s crypto wealth management solutions. Others include JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco and Bank of America. “Many of the largest financial institutions in the US…
Binance revises stance on privacy coin listings in Europe
In response to feedback from its user community, Binance has retracted its previous decision to delist certain privacy coins in select European nations, opting instead for a reclassification strategy. In a major shift in policy, Binance, the globe’s premier cryptocurrency exchange, has announced its decision to maintain listings for specific privacy coins for European traders, following earlier signals of their impending removal. The reversal came about after rigorous consultations with the community and various projects, prompting a change in the classification of privacy-focused digital currencies. Seven such cryptocurrencies, namely decred,…
Binance Australia got 12 hours’ notice before it was debanked, says exec
In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior warning, consultation or redress, the exchange’s regional manager Ben Rose has claimed. On May 18, Binance Australian announced its dollar services were suspended after its payments provider Zepto was told to stop support for Binance from Cuscal — Zepto’s partner banking and payments provider. Rose told an audience at the Australian Blockchain Week on June 26 that the move impacted around 1 million customers based…