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Reserves attestation shows Tether cut commercial paper holdings

Reserves attestation shows Tether cut commercial paper holdings

Tether has produced its latest attestation report, and it shows the stablecoin issuer has cut its reserve’s commercial paper and cash holdings while beefing up its holdings of money market funds and treasury bills. 

The post Reserves attestation shows Tether cut commercial paper holdings appeared first on The Block.

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How risky crypto tie-ups have shaken up pro sports dealmaking 

Quick Take

  • A glut of crypto sponsorship deals has taken the sports world by storm, as organizations look to new avenues for post-COVID cash generation.
  • The rush to get cash through the door has led to some risky business, as well as unusual deal structures. 

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Crypto legislation in Panama advances with committee meeting

A group of lawmakers in Panama will discuss two crypto-focused bills during a February 22 meeting.

The post Crypto legislation in Panama advances with committee meeting appeared first on The Block.

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UK financial regulator issues warning shot on crypto mergers following Bitpanda deal

The FCA warned that it can take steps to suspend or cancel the registration of a cryptoasset business. Bitpanda said that it and Trustology are “confident that no issues with the acquisition will arise.”

The post UK financial regulator issues warning shot on crypto mergers following Bitpanda deal appeared first on The Block.

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Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin

The Luna Foundation Guard (LFG) has raised $1 billion through an over-the-counter sale of LUNA.

The post Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin appeared first on The Block.

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Celestia: A technical overview

Quick Take

  • Celestia is a data availability layer that aims to solve one of the fundamental constraints of blockchain scaling — data availability
  • By abstracting consensus from state execution, Celestia promises a more performant network than blockchains that lump the two together
  • Celestia utilizes erasure codes to create data availability proofs that guarantee, with high probability, that all that data was posted on-chain
  • Celestia nodes can scale better because they are no longer required to store and verify every transaction in the block
  • Aside from improving scalability, Celestia also provides application interoperability

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NFT marketplace OpenSea hit with $1 million Bored Ape lawsuit

An NFT collector who lost a Bored Ape to OpenSea’s listing bug has sued the company demanding $1 million in damages.

The post NFT marketplace OpenSea hit with $1 million Bored Ape lawsuit appeared first on The Block.

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Nigeria’s eNaira CBDC may pose money laundering risks, IMF warns

The IMF wants Nigeria’s central bank to improve its AML/CFT protocols to prevent risks associated with cross-border adoption of its CBDC.

The post Nigeria’s eNaira CBDC may pose money laundering risks, IMF warns appeared first on The Block.

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New research claims to identify the man who hacked The DAO

Journalist Laura Shin and blockchain analytics firm Chainalysis claim to have identified the hacker of The DAO in 2016.

The post New research claims to identify the man who hacked The DAO appeared first on The Block.

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London Stock Exchange buys TORA for $325 million in digital asset push

Following completion, TORA will be part of LSEG’s data and analytics division.

The post London Stock Exchange buys TORA for $325 million in digital asset push appeared first on The Block.

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