Paraguay seizes 2,738 ASICs as power theft crackdown continues
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
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Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team. 22 Total views 5 Total shares The Crypto Council for Innovation, or CCI, a crypto advocacy group that establishes dialogues with governments and regulatory agencies on the benefits of crypto, has hired two new experts with…

Bitcoin transaction value hits yearly high with $25B moved
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions.

Galxe unveils Gravity EVM upgrade and $50M ecosystem fund
Web3 identity and rewards platform Galxe has unveiled a new EVM upgrade and a $50 million ecosystem to fund to support projects building on its network.

UN Looks to Blockchain to Aid Sustainable Urban Development in Afghanistan
The United Nations is working on blockchain solutions for sustainable urban development in Afghanistan, according to a report from tech news site The Sociable, published on July 2.Stephane Dujarric, Spokesperson for the UN Secretary-General reportedly told The Sociable that the United Nations Office of Communication and Information Technologies (UN-OICT) is developing blockchain solutions for land…

DeFi project Aave unlocks collateral with version 2 release
The decentralized finance, or DeFi, niche of crypto has boomed in 2020, paying users interest on locked funds (collateral) in exchange for loans. DeFi protocol Aave recently unveiled its second version, V2, adding further potential to the sector. “In DeFi, assets that were being used as collateral were tied up, but now with V2 they are…

CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange
CoinShares' CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange. 1828 Total views 11 Total shares Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange.According to a report from Bloomberg today, the Bitcoin…

Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

Crypto community jubilant over Grayscale decision, but uncertainty remains
The court’s decision that the SEC has to consider Grayscale’s Bitcoin spot ETF application is good news for crypto but maybe not as impactful as some hoped. 614 Total views 16 Total shares The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on…