Tether Backs Pave Bank in $39M Raise to Expand Crypto-Friendly Banking

Tether Investments has jumped into a $39 million Series A funding round for Pave Bank, a company trying to merge traditional banking with digital assets. The round was led by Accel, with support from Wintermute, Quona Capital, and Helios Digital Ventures. The fresh funds are expected to help Pave...
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UK Loses Crypto Hub Status as Builders Look to the US

The Ethereum software firm ConsenSys states that the United Kingdom has lost ground in its bid to become a leading global crypto hub. Instead, it believes the United States is now ahead, thanks in part to what it sees as overly strict regulation in Britain. These comments were made...
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How Will Markets React to $5B Bitcoin Options Expiring Today?

Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the...
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Clock Ticking: Senators, Crypto Bigwigs Race To Shape US Market Rules

Senators and Republican lawmakers ended separate roundtable meetings this week as talks around the Crypto Market Structure Bill picked up steam. According to sources cited by Fox Business journalist Eleanor Terrett, both sides met with industry leaders, including executives from Coinbase and Ripple, to press ahead on draft language...
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