Tag: Business

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FTX partners with Paradigm for ‘one-click’ futures spread trading

The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies. Paradigm has announced the launch of spreads trading in partnership with crypto exchange FTX. In a Friday blog post, Paradigm said under the FTX partnership users would be able to utilize “one-click” trading with “no…
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Tornado Cash DAO goes down without explanation following vote on treasury funds

Github, Circle, dYdX, Alchemy, and Infura… All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions. The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control.…
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Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

“Things are much more encouraging, even though this is clearly a time of pain,” said Wave Financial’s head of business development Mike Jones. Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market. Speaking to…
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Australia-based crypto miner doubles hash rate after energizing Canadian rigs

Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie,…
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Vitalik Buterin proposes stealth addresses for anonymous NFT ownership

“You would be able to eg. send an NFT to vitalik.eth without anyone except me (the new owner) being able to see who the new owner is,” said the Ethereum co-founder. Ethereum co-founder Vitalik Buterin has suggested there may be a “low-tech approach” to incorporating privacy features into nonfungible token, or NFT, transactions. In a…
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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator. Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In…
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Voyager plans to resume cash withdrawals on Aug. 11

The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5–10 business days. Crypto lender Voyager Digital Holdings has reported users may be able to make cash withdrawals from the app more than a month after suspending trading, deposits, withdrawals…
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Binance and Mastercard will launch prepaid crypto cards in Argentina

“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz. Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina. In a Thursday announcement, Binance said the card will allow its clients…
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Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield

The suspected hack followed ZB.com announcing the suspension of deposits and withdrawals on Tuesday in response to the “sudden failure of some core applications.” Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals. In a Wednesday tweet, PeckShield speculated that hackers might be…
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Roman Catholic Archdiocese of Washington, DC will accept crypto donations

Crypto donations platform Engiven’s page for the archdiocese includes the option to send funds anonymously using many tokens, from Ether to 0x. The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries. In a Tuesday announcement, crypto platform Engiven said…
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