Author: e_cash_top
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Tether forms agreement with Georgia for development of blockchain industry hub
[ad_1] Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia, as reported by the firm on June 28. The “strategic collaboration” is part of a broader vision to position Georgia as a “central hub for peer-to-peer and blockchain technology,” intended to bring about innovation and economic growth in the region. A…
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FTX invites investors to register interest to restart rebranded exchange – report
[ad_1] Investors eager to help FTX reboot its global exchange must register their initial interest this week, the Wall Street Journal reported on June 28, citing sources familiar with the matter. FTX CEO John J. Ray III said that FTX “has begun the process of soliciting interested parties to reboot the FTX.com exchange,” as per…
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zkSync launches zkStack as foundation for Zero Knowledge development
[ad_1] In a significant step forward for the development of Zero-Knowledge (ZK) technology, an innovative field pertaining to privacy and security in digital transactions, zkSync has announced the launch of zkStack. Created by Matter Labs, zkSync launched in its current form in March 2023. It is a layer-2 scaling solution for Ethereum, using zk rollups,…
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BITX records $5.5M in trade volume on launch day
[ad_1] Quick Take Eric Balchunas, Senior ETF Analyst for Bloomberg, has highlighted BITX as one of the most successful Bitcoin ETF launches of 2023. BITX is a leveraged Bitcoin Futures ETF that provides 2x exposure to BTC through futures contracts launched on June 27. On its first day, BITX saw a trading volume of $5.5…
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UK Law Commission proposes classifying crypto as a new type of property
[ad_1] Digital assets, such as cryptocurrencies, could be classified under a new category of personal property, the Law Commission of England and Wales said in its final recommendation report to the government. The Law Commission, comprising lawyers, judges, and professors, set forth four specific recommendations in its report published on June 28. These related to…
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FTX pauses sale of stake in AI firm Anthropic, once purchased for $500m
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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BitGo CEO says traditional financial firms will remain ‘mostly out’ of crypto
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Damus calls for Apple to adopt p2p payments amid AppStore removal
[ad_1] In the face of Apple AppStore removal, the team behind Damus, a popular social media app built on top of Nostr, definitely calls for Apple to adopt censorship-resistant, peer-to-peer payment systems, and pledges to continue supporting their platform on Android, Web, and desktop versions. The recent move by Apple to remove Damus from the…
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First leveraged Bitcoin futures ETF opens for trading on CBOE
[ad_1] The Volatility Shares 2x Bitcoin Strategy ETF (BITX) opened for trading on the Chicago Board Options Exchange (CBOE) on June 27. Chang Kim, COO at Volatility Shares, said: “There’s a big audience that’s already out there for leveraged-type products, and to sort of marry that with the intrinsic interest that there is in all…
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Bitcoin could be the refuge as bond market faces negative returns
[ad_1] Quick Take One of the most robust markets globally is the bond market, which, according to Visual Capitalist, was estimated to be worth $133 trillion in 2022. This colossal market has seen consistent growth over the last four decades, primarily driven by government debt increases due to interest rate reductions during each recession and…