BUSINESS
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Secret Network to Restructure as Nonprofit with 'Transparent Operation'
Two Secret Network-promoting groups argued publicly before the vote.
Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio
Tether has recruited a Wall Street company to handle its Treasury holdings.
Shopify Launches Blockchain Commerce Tools to Enhance User Experience
SIWE allows Shopify users to sign in using Ethereum addresses without revealing private information.
Web2 and Web3 tools are merging as crypto-backed debit cards
The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.
The U.S. government's regulatory strategy towards crypto firms
US officials reportedly discourage banks from serving the bitcoin business.
Bitfarms Settles Debt with BlockFi
Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.
DekaBank to Launch Blockchain-Based Tokenization Platform
German asset management DekaBank is cooperating with Metaco to build a tokenization platform but won't trade Bitcoin.
LocalBitcoins Shuts Down After 10 Years
After 10 years, Finland's LocalBitcoins is closing.
Tether Completes Reserves Attestation by Major Global Accounting Firm
BDO, a global accounting company, has attested Tether's reserves.
Russia Gives Tax Incentives to Crypto Miners
Russia offers tax benefits for crypto mining investors during tough times.
A group of nine banks has invested $45 million in Carbonplace
The independent UK Carbonplace organization will start later this year under CEO Scott Eaton.
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
The UK is a step closer to launching a central bank digital currency
The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.