Brazil. The Chinese hoggery, in turn, knows that the funds will be locked in escrow and can be securely exchanged for renminbi upon receipt of the soymeal feed. This eliminates the need for both parties to rely on the US dollar as …
Australian Officials Seek Internal Communications and Data from Binance US Employees In another blow to leading cryptocurrency exchange Binance, Australian officials have reportedly reached out to current and former employees of the company’s US operation, demanding access to internal communications and data …
The liquidator of Three Arrows Capital (3AC) is reportedly considering a move to reclaim approximately $1.2 billion from Digital Currency Group (DCG) and cryptocurrency lender BlockFi. These funds represent payments made by the hedge fund before the liquidation process began, but as …
Crypto storage tokens, specifically Filecoin’s FIL and Storj’s STORJ, have made significant gains during the first week of July, outperforming large cap tokens like bitcoin and ether. Storj’s native token experienced a notable spike of 43% on Tuesday, although it has since …
In a recent concert by British pop star Harry Styles at Slade Castle in Ireland, fans were introduced to the world of non-fungible token (NFT) rewards. These rewards, which have gained popularity in recent times, are seen as a transformative element that …
The United States Internal Revenue Service (IRS) has recently won a court order requiring popular cryptocurrency exchange Kraken to provide user account and transaction information. The IRS stated that it needed this information to investigate potential tax evasion by users of the …
This week, anime-inspired NFT brand Azuki faced a major setback with the release of its new collection. The collection, called Elementals, was highly anticipated and created a frenzy online when details about the mint were announced. The project sold out within minutes, …
Bitcoin’s (BTC) value plummeted below the $30,000 threshold, causing a ripple effect in the cryptocurrency market. According to CoinDesk Indices data, BTC experienced a 1.8% decline over the past 24 hours, reaching as low as $29,874. While the token managed to recover …
Robert Leshner, CEO of Compound, a decentralized lender, has recently submitted filings to U.S. securities regulators for a new company called “Superstate.” The purpose of this company is to establish a short-term government bond fund, utilizing the Ethereum blockchain as a secondary …
Lawyers representing FTX, the crypto exchange that recently filed for bankruptcy under the guidance of Sam Bankman-Fried, are taking legal action against the company’s former compliance officer, Daniel Friedberg. The lawsuit alleges that Friedberg engaged in questionable practices, including paying off insiders …