Getting your Salary paid in USDT is illegal States Chinese Regulators
A Chinese court ruled that Tether USDT stablecoin can’t be used to pay salary, citing China’s blanket ban against all crypto transactions.
Miner Crypto Scientific off loads $165 Million Worth of Bitcoin to Improve Liquidity
Mike Levitt, chief of Core Scientific, stated that Core Scientific sold more than 7,000 Bitcoins to pay for costs in an economy experiencing “historic inflation.”
Nexo has Confirmed its plan to Bailout its Distressed Rival Vauld
Nexo, a leading cryptocurrency lender, has offered to purchase Vauld, a distressed competitor that had stopped operations due to financial difficulties. After the Singapore-based company stated that it was looking into restructuring options, Nexo made the proposal.
$150 Million Raised by African infrastructure firm H20 Securities to Launch Crypto Water Token
GEM Digital, a global investment firm, has invested heavily in a new water delivery system that uses cryptocurrency.
Could Nexo Buyout Crypto Lender Vauld – Aquisition on the Cards
Just days after Vauld stopped client withdrawals, cryptocurrency lender Nexo announced plans to purchase 100% of the rival platform Vauld.
Tron’s USDD Jumps back to Pre Crash Highs of $0.99
Tron’s stablecoin USDD fell below the $1 parity between June 13 and June 27, roughly two weeks. It dropped to $0.928 per unit June 19. USDD has seen a reversal in the $0.98- $0.99 range over the past seven days and reached $1 on July 3.
Report Suggests 80K Bitcoin Millionaires have been Evaporated Due to 2022 Crash
Since November last year, the crypto crash has seen more than 75% of Bitcoin millionaires lose their fortunes.
Duke Energy Corp is Further Studying Bitcoin Mining
According to Duke Energy Corporation’s lead rates and regulatory strategy analyst, bitcoin mining is being studied at the second-largest U.S. corporation. Justin Orkney, lead analyst at Duke Energy Corporation, stated that a study on bitcoin demand response (DR), was in progress and that the energy company is partnering with bitcoin miners who are enrolled into Duke’s DR programs.
ID Checks Required to Purchase NFTs from Chinese Tech Companies Alibaba and Tencent
China’s top tech companies have created a “self-discipline initiative” to improve clarity in the NFT space.
Regulators in Singapore are Considering More Crypto Policies
According to a new statement, the Monetary Authority of Singapore could limit retail participation in crypto. The regulator in Singapore has increased its oversight of cryptospace.
