Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […] Source CryptoX Portal
The State of Wisconsin Investment Board has increased its holdings in BlackRock’s iShares Bitcoin Trust, as revealed in a recent SEC filing. A U.S. SEC filing on August 14 shows that the State of Wisconsin now holds almost 2.9 million shares of BlackRock’s iShares Bitcoin (BTC) Trust worth approximately $99.1 million. SWIB’s IBIT holdings rose by 447,651 shares, bringing the total to 2,898,051, meaning the board spent approximately $14 million to acquire more shares. This move marks a shift in SWIB’s investment strategy, as the board has fully exited its…
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard and Metamask Team Up to Launch Crypto Debit […] Source CryptoX Portal
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […] Source CryptoX Portal
Pump lets anyone issue a token for around $2 worth of Solana’s SOL in capital, after which they choose the number of tokens, theme, and a meme picture to go along. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned. Source BitcoincryptoexchangeExchanges CryptoX Portal
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Singaporean financial giant DBS has launched a treasury token pilot with Ant International to improve cross-border treasury and liquidity management. DBS Group has initiated a blockchain-based pilot in collaboration with Ant International in a bid to streamline cross-border treasury and liquidity management. In an Aug. 13 press release, DBS said that the so-called DBS Treasury Tokens project will leverage its permissioned blockchain — which is compatible with Ethereum‘s EVM — to facilitate multi-currency treasury operations for Ant International, which operates mobile payment service Alipay+. “This new capability comes at a…
A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant division” and include misleading subject lines such as “Montgomery County Sheriff office false claims division.” These emails contain fake documents, including a […] Source CryptoX Portal
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens still prefer dollars and euros. Russia Successfully Skirts Western Sanctions Dollar and euro […] Source CryptoX Portal
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […] Source CryptoX Portal