Cointelegraph By Ana Paula Pereira
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.
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New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects.
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This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.
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After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.
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Polychain Capital and Hack VC led a $18 million Series A funding round for Babylon Chain, a protocol working on Bitcoin (BTC) staking, bridging the decentralized finance (DeFi) ecosystem with the Bitcoin blockchain. According to the Dec. 7 announcement, the funds will be used to support the development of Babylon’s...
United Arab Emirates firm Phoenix Group has disclosed a new purchase of hardware equipment from WhatsMiner, aimed at expanding its portfolio of hydro cooling rigs. According to an announcement on Dec. 7, the $380 million deal represents WhatsMiner’s largest order in two years.Under the agreement, Phoenix received mining equipment...
November strengthened venture capitalists' confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms. Cross-chain protocol Wormhole, for instance, secured a $225-million investment at a valuation of $2.5 billion. The round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading,...
The Arbitrum DAO has confirmed the disbursement of millions in extra tokens to fund all projects approved on its latest Short-Term Incentive Program (STIP), boosting its budget by $23.4 million.The proposal, voted by the Arbitrum community between Nov. 18 and Dec. 2, sought to distribute additional funds for projects...
Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the...
Top Stories This Week
Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model
Asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin ETF race in the United States. On Nov. 29, Pando submitted...
