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The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
NEWS
The pilot program will use Pax Dollar (USDP) instead of Diem. The social media giant tapped Coinbase Custody to store crypto assets. US senators…
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Today, we got the chance to chat with Sky Guo, the Co-Founder and CEO at Cypherium. In this interview, we discussed Cypherium’s goals, what…
LATEST POSTS
The pilot program will use Pax Dollar (USDP) instead of Diem. The social media giant tapped Coinbase Custody to store crypto assets. US senators wrote an open letter, demanding that CEO Mark Zuckerberg “immediately discontinue” the Navi pilot project. Facebook has launched a pilot program for its digital wallet…
In May/June, China outrightly banned all crypto-related activities including Bitcoin mining in the region. Since then there has been a large exodus of miners away from China, as a result, Bitmain has also seized shipping Antminer into China. Bitmain has boosted its production capacity to other regions of the…
The most recent development in the US congress has revealed that Senator Cynthia Lummis owns roughly $100k in bitcoin. To some, this isn’t entirely surprising as the senator has been an ardent advocate of cryptocurrency in the house. Cynthia’s presence in the house could be pivoting some positive changes…
CDPQ invested in the crypto lender but has “absolutely” no plan to allocate directly in BTC or digital assets. Celsius manages $25 billion in assets, adding $15 billion in just seven months. The firm is facing several warnings from regulators of Texas, New Jersey, Kentucky, and Alabama for allegedly…
El Salvador has announced $0.20 of subsidy per gallon of petrol if residents pay in Bitcoin. The Central American country’s Bitcoin holdings are now worth more than $35 million. In less than a month, the government’s Chivo wallet recorded 3 million active users. To further boost the adoption of…
Elon Musk is a firm believer that ‘It’s not possible to destroy crypto but the government can slow its advancements’ Speaking at the Code conference last month he said ” governments are clamping down on cryptocurrencies because it denies them the power of financial centralization but rather gives decentralized…
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