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Chain Abstraction Pioneer Particle Network Raises $15 Million

Chain Abstraction Pioneer Particle Network Raises $15 Million

Particle Network, a modular blockchain developer specializing in chain abstraction technology, has successfully raised $15 million in a Series A funding round. The round was structured as a simple agreement for future tokens (SAFT), according to founder and CEO Pengyu Wang. The funding round was co-led by The Spartan Group and Gumi Cryptos Capital, with additional participation from SevenX Ventures,...

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    Ethereum Cleared by SEC, Investigation Closed Permanently

    Ethereum Cleared by SEC, Investigation Closed Permanently

    The United States Securities and Exchange Commission (SEC) has officially concluded its investigation into Ethereum, deciding not to pursue any charges alleging that sales of ETH are securities transactions. This decision marks a significant milestone for Ethereum, the second-largest cryptocurrency globally. The closure of the investigation follows a letter from Ethereum developer ConsenSys, which asked the SEC to confirm Ether’s...

    Trump Pledges to End Biden’s Cryptocurrency Crackdown

    Trump Pledges to End Biden’s Cryptocurrency Crackdown

    Former United States President Donald Trump has pledged to end President Joe Biden’s stringent cryptocurrency policies if he is re-elected. Speaking at an event in West Palm Beach, Florida, on his 78th birthday, Trump criticized Biden’s “war on crypto” and promised to secure and develop the future of Bitcoin and crypto in America, particularly in Florida. Trump emphasized the need...

    Binance Users Can Now Purchase Crypto with Mastercard Again

    Binance Users Can Now Purchase Crypto with Mastercard Again

    Binance, a leading cryptocurrency exchange, has announced the reinstatement of Mastercard payments for crypto purchases on its platform. This move allows users to make cryptocurrency purchases using their Mastercard, although withdrawals are not yet available. The restoration of Mastercard services comes after the payment provider reconsidered its position on Binance, having previously halted services in August 2023 due to regulatory...

    Playing a New Tune: 18th-Century Violin Tokenized by Crypto Billionaire Novogratz

    Playing a New Tune: 18th-Century Violin Tokenized by Crypto Billionaire Novogratz

    Michael Novogratz’s firm, Galaxy Digital, has tokenized an 18th-century violin as collateral. The 316-year-old violin belongs to Animoca Brands co-founder Yat Siu, who bought it at an auction last year. Tokenizing the instrument is expected to enhance liquidity and accessibility for investors. Galaxy Digital has created a blockchain version of the musical instrument, which is valued at around $9 million....

    Bitcoin Miners Embrace AI as Mining Revenues Tank 50% in May

    Bitcoin Miners Embrace AI as Mining Revenues Tank 50% in May

    Bitcoin miners are increasingly turning to artificial intelligence (AI) for additional revenue streams. On Monday, Core Scientific signed a 12-year deal with cloud AI firm CoreWeave to host the company’s high-performance computing (HPC) operations. This partnership builds on a previous agreement from 2019 between Core Scientific and the Nvidia-backed AI company. Under this arrangement, the miner will provide 200 megawatts...

    DFSA Amends Crypto Regulations in Dubai’s Special Economic Zone

    DFSA Amends Crypto Regulations in Dubai’s Special Economic Zone

    The Dubai Financial Services Authority (DFSA) has updated its cryptocurrency token rules, aiming to enhance the regulatory framework within the Dubai International Financial Centre (DIFC), a special economic zone in Dubai. These changes were announced on June 3 and stem from the DFSA’s Consultation Paper 153, published in January 2024. The DFSA, an independent regulator in the UAE, has made...

    Argentina Studies Bitcoin Adoption from El Salvador

    Argentina Studies Bitcoin Adoption from El Salvador

    Argentina’s National Securities Commission (CNV) is turning to El Salvador for insights on Bitcoin adoption. Over the weekend, CNV confirmed discussions with Salvadoran regulators, exploring how to integrate Bitcoin into Argentina’s financial system. In 2021, El Salvador made headlines by adopting Bitcoin as legal tender alongside the U.S. dollar. This move has positioned the nation as a leader in the...

    Florida State Appeals Court Reverses Binance US Suspension

    Florida State Appeals Court Reverses Binance US Suspension

    Binance US has been granted permission to continue operations in Florida following a decision by the First District Court of Appeal. The court overturned an emergency order issued by Florida’s Office of Financial Regulation (OFR) that had suspended Binance US’s money transmitter license. The First District Court of Appeal ruled unanimously in favor of Binance US, stating that the OFR...

    Hong Kong Orders Worldcoin to Halt Iris Biometric Data Collection

    Hong Kong Orders Worldcoin to Halt Iris Biometric Data Collection

    Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), has ordered Worldcoin to cease collecting biometric data within the city. The enforcement notice, issued on May 22, directs Worldcoin Foundation to stop scanning and collecting iris and face images from the public. The PCPD has been scrutinizing Worldcoin due to potential privacy risks. An investigation...

    Tokenization Could Unlock $5 Trillion Market, Driven by Stablecoins and CBDCs: Bernstein Report

    Tokenization Could Unlock $5 Trillion Market, Driven by Stablecoins and CBDCs: Bernstein Report

    Tokenization, the process of transforming real-world assets into blockchain-based tokens, has the potential to unlock a market worth approximately $5 trillion within the next five years, according to a new report by Bernstein. The report, released on Tuesday, highlights that this significant growth could be led by stablecoins, central bank digital currencies (CBDCs), securities, private market funds, and real estate....

    Hong Kong Expands Cross-Border Digital Yuan Trial with E-CNY Wallets for Residents

    Hong Kong Expands Cross-Border Digital Yuan Trial with E-CNY Wallets for Residents

    The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have expanded their cross-border digital yuan pilot, allowing Hong Kong residents to use e-CNY wallets. This initiative aims to facilitate retail payments without enabling person-to-person transfers. The digital yuan, or e-CNY, is China’s central bank digital currency (CBDC), which has been in development for several years. Among...

    Spot Bitcoin ETFs reach $303M in Net Inflows

    Spot Bitcoin ETFs reach $303M in Net Inflows

    US spot Bitcoin ETFs attracted a combined $303 million in net inflows on May 15, signaling growing institutional interest in Bitcoin. Leading this surge was Fidelity’s ETF, which secured $131 million in net inflows, according to SoSo Value data. Bitwise and Grayscale followed with $86.26 million and $27.05 million, respectively. Surprisingly, the iShares Bitcoin Trust saw no net inflows or...