Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue
CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations.
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Brazil bank BTG Pactual to issue USD-pegged stablecoin
The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy. 474 Total views 9 Total shares Own this piece of history Collect this article as an NFTMajor Brazilian investment bank BTG Pactual continues onboarding new cryptocurrency services with the launch of its own stablecoin…

Binance joins association to address compliance with global sanctions
The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran. 154 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTBinance has become one of the first crypto firms to join the Association of Certified Sanctions Specialists, ACSS, in an effort…

Binance to restrict derivatives trading for Hong Kong users
Binance is yet to announce an official date for imposing restrictions on derivatives products for Hong Kong users. 361 Total views 28 Total shares Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads:“Users…

Number of Bitcoin wallets holding 100-1K BTC soars after Tesla’s $1.5B buy-in
New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC, but there may be a catch. 3781 Total views 7 Total shares The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early…

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold
Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token.Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance…

Singaporean financial watchdog to consult public on stablecoin regulation
The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins. 38 Total views 2 Total shares The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on know-your-customer and anti-money…

IRS team reports rise in crypto tax investigations
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions. 308 Total views 3 Total shares The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting.In its annual

Algorand’s new accelerator program in Europe to issue grants up to $500K
Algorand taps Europe as the second region for its blockchain accelerator program after Asia. 4462 Total views 21 Total shares The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe.Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs…