India reconsiders foreign crypto exchange registrations: Report
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws.
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US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study. 221 Total views 4 Total shares The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday…

Tether issues $610M debt financing to Bitcoin miner Northern Data
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. 143 Total views 1 Total shares Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD. The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.As noted by popular Twitter account @venturefounder on…

Uniswap debuts Unichain mainnet, joins crowded ETH L2 ecosystem
Uniswap has announced the mainnet launch of its Ethereum layer-2 blockchain, Unichain.

Worldcoin rebuts reports of lackluster takeup as Altman cites Japan queues
A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. 361 Total views 1 Total shares Amid discussions around the falling interest in Worldcoin —the blockchain project dedicated to building a user identity network — its co-founder…

Bitcoin halving sees Bitfarms’ BTC mining earnings plummet
Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second with a $240 million investment.

Decentralized exchange PancakeSwap moves into GameFi
The DEX has partnered with BNB GameFi protocol Mobox to create a blockchain tower defense game. 562 Total views 16 Total shares On May 29, decentralized exchange (DEX) PancakeSwap announced that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the game allows players to utilize…

Square to acquire Australian fintech Afterpay in $29B deal
Square will acquire Australian fintech firm Afterpay in a $29 billion stock deal, expecting to close the transaction in Q1 2022. 149 Total views 4 Total shares Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company.Square announced Sunday that the firm…