Blockchain database firm SxT Labs raises $20M in Series A round
Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital, along with Microsoft’s M12 Ventures and OKX Ventures, backed SxT Labs’ Series A round.
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Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August. Toronto-based crypto mining firm Hut 8 said it plans to increase its self-mined Bitcoin holdings based on its expectation it will be able to expand its hashrate by 400%.According to…

French regulator authorizes crypto operations for BPCE subsidiary
BPCE’s crypto subsidiary, Hexarq, is the second banking crypto outfit to receive a nod from French regulator AMF after Société Générale’s Forge.

After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal
CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. 1310 Total views 4 Total shares Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA).Speaking as part of a June 8 keynote address dubbed “Climate Change and…

Crypto owners banned from working on US Government crypto policies
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation. 243 Total views 19 Total shares US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets.A new…

Vitalik Buterin’s X account hacked, draining $691K+ from victims: Report
Following the reported breach of Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account, victims suffered losses exceeding $691,000 due to a malicious link that falsely promoted a free NFT. 338 Total views 1 Total shares Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted

Can crypto be used to prove financial independence for travel visas?
"There could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets," said Laura Bernard of the European Commission. 86 Total views 12 Total shares For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad…

Crypto Markets Rally, While Palladium and Oil See Decline
Wednesday, March 27 — cryptocurrency markets have entered the green zone after yesterday’s slight decline. Bitcoin (BTC) has reclaimed its position and is hovering above the $4,000 price mark.Market visualization from Coin360The leading cryptocurrency Bitcoin is up 2.34 percent on the day, and is trading at $4,061 as of press time. Yesterday, March 26, BTC…

Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead
Bitcoin could surge towards $100,000 next year following yesterday’s “healthy pullback”, with market psychology currently in the “belief” stage says Stack Funds. 1683 Total views 15 Total shares Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before Bitcoin continues its upward trajectory. Bitcoin broke through $19,000 earlier…