Tencent, Softbank, Deny Investing in Bitmain’s Latest Funding Round

Bitmain’s latest funding round is quickly becoming a lot less star-studded. Hong Kong-based financial publication AAStocks reports that both Tencent and Softbank have issued public statements denying their participation in the bitcoin mining giant’s latest funding round, which multiple outlets had said was expected to raise $1 billion. Chinese publication QQ had earlier reported that

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90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB

At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB. “Just one of the interesting things @cz_binance told me this week at LCX event: 90% of binance employees choose to receive their salary in BNB tokens. Smart people,”

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Bitmain is Hodling Nearly $600 Million in Bitcoin Cash

When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latter’s decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wu’s mouth was. Leaked documents from Bitmain’s pre-IPO investor deck

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Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States

Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities. The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying for

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Bitcoin Mining Firm Reopens in U.S. after Regulators Revoke Cease & Desist Order

Genesis Mining, a provider of managed cloud mining, announced that it is resuming operations in the United States after South Carolina regulators withdrew a cease and desist order against the firm. Contracts serving U.S. residents have been disabled for five months up until now. SC Regulators Revoke Cease & Desist Order The cease and desist

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Crypto Bank Galaxy Digital Takes Massive Hit in Stock Market Debut

If you look hard enough, you can find a silver lining, but there’s no denying that billionaire Mike Novogratz has had a difficult week. Crypto Merchant Bank Has Rocky Debut Days after revealing that Galaxy Digital, his cryptocurrency merchant bank, posted a $134 million loss during Q1, the firm took a massive hit in its

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Bitcoin Exchange CoinJar Launches Australia’s First Cryptocurrency Index Fund

Australian bitcoin exchange CoinJar has launched the country’s first cryptocurrency index fund available to wholesale investors. CoinJar Launches Australia’s First Crypto Fund Announced on Thursday, the CoinJar Digital Currency Fund provides a convenient way for wealthy Australian investors to obtain exposure to cryptocurrencies while offloading the custodial responsibility to another entity. The Digital Currency Fund

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Crypto Price Tracker CoinMarketCap Launches Professional Data Feed

Cryptocurrency price tracker and data aggregator CoinMarketCap has launched a new suite of professional API services designed for cryptocurrency funds and developers. CMC Launches Professional API The website has long provided users with a basic, zero-fee API, but the new product offers more data points, as well as higher rate limits to meet the needs

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Coinbase Taps BNY Mellon Vet to Head Global Compliance Efforts

Cryptocurrency exchange and brokerage giant Coinbase has poached a BNY Mellon veteran to head the firm’s global compliance efforts as it seeks to ramp up its international operations and expand the range of assets supported on its platforms. The San Francisco-based Coinbase on Tuesday announced that it had appointed Jeff Horowitz as its chief compliance

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Bitmain to Open New Data Center in Texas as North American Expansion Continues

Bitmain, the world’s largest bitcoin mining firm, is preparing to open a new data center in Texas, external job postings show. The China-based cryptocurrency company, which reportedly recorded $1.1 billion in profit during the first quarter, is currently looking for a project manager and data center site manager to staff a new plant in Rockdale,

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