30 employees left the company on May 21, says Jeremy Allaire, amid the turnaround in the crypto markets. The CEO of Goldman Sachs-backed crypto finance startup Circle blamed a hostile regulatory climate in the United States as he confirmed layoffs of 30 staff on social media May 21. Following a blog post in which he […]
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Sean Coonce, engineering manager at cryptocurrency custodian BitGo, announced that he has fallen victim to a SIM swapping hack. Sean Coonce, engineering manager at cryptocurrency custodian BitGo, announced that he has fallen victim to a SIM swapping hack in a Medium post published on May 20. According to the post, Coonce had over $100,000 siphoned […]
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Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has exceeded $4 billion. Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21. Stablecoins tied to the greenback have broken through to […]
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According to Diar’s recent report, institutional traders have registered record high volumes on bitcoin derivatives exchanges. Cryptocurrency research firm Diar has indicated that institutional traders recently registered record high volumes on bitcoin (BTC) derivatives exchanges in a report published on May 21. Per the report, bitcoin derivatives trading on the Chicago Mercantile Exchange (CME) hit […]
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BlockFi has adjusted its interest rates for accounts holding ether and bitcoin. Cryptocurrency asset management company BlockFi announced a change to its interest rates in a monthly update on May 21. Accounts with bitcoin (BTC) balances over 25 BTC will receive a .15% increase in interest rate, and those with ether (ETH) balances between 25 […]
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Ledger Vault, the custody arm of French hardware wallet manufacturer Ledger, will provide its services to Canadian cryptocurrency broker Voyager Digital. Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, will provide its services to Canadian cryptocurrency broker Voyager Digital, according to a press release shared with Cointelegraph on May 21. Per the release, […]
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The CEO of CIrcle, Jeremy Allaire, has said that the crypto space needs regulatory certainty and the current definition of crypto is too broad. The cryptocurrency space needs regulatory certainty and the current definition of cryptocurrency is too broad, said the CEO of crypto finance startup CIrcle, Jeremy Allaire, in a blog post on May […]
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New court filings revealed that stablecoin issuer Tether had invested some of its reserves in bitcoin. Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21. Per the document dated May 16, David Miller, an […]
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The SEC delays its decision on the VanEck SolidX bitcoin ETF proposal yet again. Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges. However, while the […]
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An indictment names several individuals and companies, with fraudulent activities continuing over a period of several years. The United States Securities and Exchange Commission (SEC) has halted a confirmed cryptocurrency Ponzi scheme after it took funds worth $30 million, the regulator confirmed in a press release on May 21. The principal behind Argyle Coin, Jose […]
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