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Blockchain Smartphone Startup Sirin Labs Lays Off a Quarter of Its Workforce

Blockchain smartphone startup Sirin Labs laid off a quarter of its workforce, Israeli business media Globes reported on April 15.Per the report, the startup admitted to having laid off 15 of its 60 employees and having overestimated the sales of their Finney blockchain smartphone. A spokesperson for the company reportedly said that it will now…

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Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public

The Philippines Securities and Exchange Commission (SEC) has published a set of draft rules for regulating Initial Coin Offerings (ICOs) for public review, according to an official statement August 2. In the SEC’s Memorandum Circular, the agency stipulates that any company registered in the Philippines looking to run an ICO, or any ICO selling tokens…

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BTC price lower highs keep Bitcoin bears in control at $70K

Bitcoin continues to print lower highs on the daily chart since the BTC price all-time highs in March.

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Eastern Caribbean Central Bank’s CBDC Could Beat China to the Punch in 2020

The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch.Almost exactly one year ago, the Eastern Caribbean Central Bank and Bitt Inc. — a financial-technology company based…

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Bitcoin bull-bear cycle indicator flips bullish as price holds $60K

The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.

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Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space. 911 Total views 23 Total shares Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company…

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South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin

South Korea e-commerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin Terra in a press release Wednesday, August 29. TMON, which boasts a considerable $4 billion in total sales, is seeking to create an in-house cryptocurrency to compliment its existing token, Luna, which acts as collateral…

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With crypto mining banned in Iran, local authorities seize 7K rigs

The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners. Iranian provincial police are continuing their crackdown on crypto miners big and small, with news surfacing that they have confiscated more than 7,000 rigs at a farm operating in…

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Bitcoin hits $25K as bearish voices call BTC price ‘double top’

Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWeekend produces brief $25,000 tap for BTCData from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on Bitstamp in a…

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