Author: CryptooTimes
CoinDesk held its annual Consensus conference in Austin, Texas last week, where we heard from lawmakers and regulators, developers, company execs and all sorts of other people in and around this sector. One topic of discussion: the Financial Innovation and Technology for the 21st Century Act. Its passage through the House sent a surge of excitement through the crypto industry as a sign of progress, even if it’s not likely to become law just yet. Source link
Cross-border payments startup XREX has raised $18.75 million from Tether to expand use cases for USDT-based payments in emerging markets. XREX, a cross-border crypto exchange platform founded by Wayne Huang and Winston Hsiao, has raised nearly $19 million from Tether, the issuer of the USDT stablecoin, to double down on stablecoin cross-border business-to-business (B2B) payments in emerging markets. According to a press release on Jun. 5, the Taipei-headquartered firm plans to use $18.75 million to facilitate “compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs.” Under the agreement,…
Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC. Source link
Gambaryan and another company exec, Nadeem Anjarwalla, were detained by Nigerian officials after they were invited by the country to resolve a dispute with the crypto exchange Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Top experts predict XRP could reach $0.611 amid Ripple CEO’s bold ETF forecast, while Rebel Satoshi’s RECQ coin eyes a 184% presale price surge. Brad Garlinghouse’s recent comments about XRP ETFs have triggered a buzz amid its crypto regulation troubles. As investors scrutinize these developments, they wonder if top memecoins like Rebel Satoshi’s RECQ might see a surge soon. Let’s explore the details to understand the underlying dynamics and evaluate Rebel Satoshi’s potential against XRP. Garlinghouse’s bold prediction for…
Demystify the algorithm of thoughts (AoT), an AI innovation transforming how computers reason and solve problems. Source link
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FTX agreed to pay the Internal Revenue Service (IRS) $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings. According to a filing with the Bankruptcy Court for the District of Delaware, FTX will pay the Internal Revenue Service (IRS) $200 million in priority claims. This amount is due within 60 days of an implemented court-approved creditor repayment plan. While FTX attorneys acknowledged the possibility of massive tax obligations, the estate challenged the IRS’s $24 billion case. The troubled crypto company also argued that a multi-billion tax payment could significantly affect individual creditor reimbursements. In…
Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data. Source link
Blockchain’s transparent and immutable ledger allows token holders to access real-time information about their investments, fostering greater transparency in traditionally opaque markets. This visibility is a game-changer for monitoring cash flows and performance of credit portfolios, although tokenization does not alter the underlying characteristics of the instruments. Whether on-chain or off-chain, assets’ underlying risks, and the importance of due diligence, remain the same. Source link
