Day: November 1, 2023

Circle Announces Closure of Individual Consumer Accounts on November 30

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only institutional and business account holders will be serviced. The company highlighted that…

Solana Blockchain Nodes Now Available to DeFi and Dapp Developers on AWS Repository

The AWS Blockchain Node Runners has so far integrated Ethereum (ETH) and Solana (SOL), thus making it a major step for the latter to become a Web 3.0 hub that supports scalable smart contracts. Solana (SOL), a leading smart contract blockchain with a smartphone in the market dubbed Saga mobile, has announced that infrastructure nodes are now available on the Amazon Web Services (AWS) Blockchain Node Runners repository for easy access by Web 3.0 developers. The Solana team announced the major developments during the Breakpoint 2023 in Amsterdam, Netherlands. The…

Modular Network Celestia Completes Deployment on Mainnet

The deployment brings DAS technology into play, which offers an innovative scaling approach. It allows blockchain nodes to verify data availability for specific blocks without the need to download the entire datase In the latest development, modular network Celestia successfully deployed its mainnet beta, known as “Lemon Mint”, which brings data availability sampling (DAS) technology into play. DAS offers an innovative scaling approach that allows blockchain nodes to verify data availability for specific blocks without the need to download the entire dataset. “LazyLedger” had originally introduced this concept via a…

U.S. CFTC Has Awarded $16M to Whistleblowers This Year; Most Were Crypto-Related Tips

“The majority of the tips received this year involved crypto – an area that continues to have pervasive fraud and other illegality,” Romero said in a statement published on the CFTC website. “With the rise of crypto, more retail customers have come under the CFTC’s jurisdiction, making even more critical the efforts of the CFTC’s Whistleblower Program and the Office of Customer Education and Outreach.” Source

Siemens and Microsoft Partner to Launch AI Assistant and Drive Adoption in Industrial Sector

As part of their collaboration, the companies plan to launch AI-powered copilots for industries such as manufacturing, infrastructure, transportation, and healthcare. German technology company Siemens AG has partnered with Microsoft Corporation (NASDAQ: MSFT) to introduce Siemens Industrial Copilot, a generative artificial intelligence (AI)-powered assistant. The AI assistant is designed to enhance human-machine collaboration and boost productivity in manufacturing. The companies will continue to work together to create AI copilots for use across the manufacturing, infrastructure, transportation, and healthcare industries. “Together with Microsoft, our shared vision is to empower customers with…

Tether Publishes Q3 2023 Attestation Report with Highest Ever Cash and Cash Equivalent Reserves

The recently published Tether report for Q3 2023 show that the company’s cash reserves are healthy and secured loans have been reduced. Tether Holdings Limited, the company responsible for the world’s largest stablecoin by market cap, USDT, has published its attestation for Q3 of 2023. According to Tether, the attestation re-affirms that Tether’s Consolidated Reserves Report (CRR) is accurate. The attestation report for Q3 2023 was completed by BDO, a major global independent public accounting firm. Tether Figures for Q3 2023 Tether says it recorded the highest percentage of reserves held in…

Galaxy Digital and Invesco Bitcoin Spot ETF Join BlackRock On The DTCC

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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website.  BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website, joining BlackRock’s spot Bitcoin ETF, which goes under the ticker ‘IBTC’ as uncertainty around a possible approval of these funds continues to heighten.  Source: DTCC website Many had speculated an approval was imminent when BlackRock’s…

Sam Bankman-Fried Survived His Testimony. Next Up: The Jury

After all that, Tuesday was a much quieter day than Monday. Bankman-Fried seems to have worked a bit on his responses, providing slightly tighter answers than he had on Monday when responding to Assistant U.S. Attorney Danielle Sassoon. Still, he maintained roughly the same tone he had earlier in the week, giving the impression that he did not want to be there (which, okay fair enough). Source