The largest investment bank in Latin America just launched a cryptocurrency exchange in Brazil.The exchange will only support bitcoin and one other cryptocurrency at launch.BTG Pactual holds over $1 trillion in managed assets. BTG Pactual, the largest investment bank in Latin America, just launched a bitcoin and cryptocurrency exchange in Brazil, per an announcement from the bank. The bank’s new…
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macro economic data scheduled for this week in the United States. Data points from Asia or Europe may increase…
Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 million, in part to pay down the outstanding balance on a loan from Mike Novogratz’s Galaxy Digital. By the end of June, the company held 3,144 BTC worth approximately $62…
Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations. In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22, while users will be allowed to withdraw funds until Sept. 14. The firm said the closure was part of an…
Crypto policy non-profit Coin Center today announced it is preparing to challenge the U.S. government’s Tornado Cash ban in court. The Washington, D.C.-based advocacy group said Monday that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) overstepped its bounds when it blacklisted Tornado Cash last week, potentially violating constitutional rights. The OFAC sanctioned Ethereum mixing app…
Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry. Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs. Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk. Bitmain Technologies Ltd., one of the largest bitcoin mining…
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 hours, the top privacy coins…
According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn had a feature to let the company…
sponsored .bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ. .bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s…
The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing major cryptocurrency exchange Binance to operate in the country. In a Monday announcement, AFSA said it had granted in-principle approval toward Binance operating as a digital asset trading facility and providing custody services in the Astana International Financial Centre, a financial…
