Blockchain Firm to Raise $24 Billion for Electric Bus Upgrades in China

Staked ether (stETH) holders can now use their tokens to mint curve usd (crvUSD), a decentralized stablecoin issued by stablecoin swapping protocol Curve Finance.A proposal to allow crvUSD minting via stETH was passed by 100% of Curve DAO community members in a vote that ended Thursday morning. Users can put up their stETH holders as…

Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company."The company is considering a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or part of the Company, or another strategic transaction involving some, or all of

news Xi Jinping, President of the People’s Republic of China and General Secretary of the Communist Party of China, said the country needs to “seize the opportunity” afforded by blockchain technology. Speaking as part of the 18th collective study of the Political Bureau of the Central Committee on Thursday in Beijing, Xi said blockchain technology…

Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is? Tether CTO Paolo Ardoino(Ingrid Weel/Bitfinex )Jan 26, 2021 at 3:23 p.m. UTCQuestions About Tether Just Won’t Go Away. Does the Crypto Market Care?Stablecoins are a key cog in the cryptocurrency machine.…

Ionic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius' mining assets, has delayed a plan to go public after losing its CEO and auditor. Former CEO Matt Prusak told the company in July he won't stay on after the end of his employment term on Aug. 14, the miner said in a statement

news A year after the Hong Kong Securities and Futures Commission (SFC) published initial regulations for funds investing in crypto, only one firm has successfully passed that gauntlet. Hong Kong-based Diginex remains the sole crypto fund to pass the regulatory hurdles issued in Nov. 2018 and formalized this October, according to research from Reuters. As…

Leading South Korean cryptocurrency exchange Upbit's Singapore entity has received In-Principal Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).The MPI license will allow the exchange to continue offering regulated digital payment token services under the Payments Services Act (PSA), 2019 while awaiting the full approval, the exchange said

Apr 20, 2020 at 21:15 UTCThe People’s Bank of China is set to launch internal tests for the digital yuan system in five cities. (Credit: Shutterstock)China's central bank confirmed it will be testing a mobile application for storing and exchanging the digital yuan, after screenshots circulated on social media. The People’s Bank of China (PBoC) aims…

Crypto exchange flows are “significant and substantial economically,” said a new study from the Bank for International Settlements examining on- and off-chain data.Though just a proof of concept, Project Atlas could underpin future crypto regulations, the central banking group said.A new decentralized finance data platform could underpin future regulation of crypto market actors, according to