At least 75 crypto and blockchain firms received approximately $30 million in government-backed PPP loans during the COVID-19 economic crunch while Binance continues to donate personal protective equipment equipment through its charitable wing.
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Crypto LoansMore than 75 companies in the blockchain and cryptocurrency industry collected at least $30 million from the Paycheck Protection Program, a program meant to provide loans to small businesses affected by the COVID-19-led economic fallout, CoinDesk has found.
According to information published Monday by the U.S. Small Business Administration, loan recipients include Zcash developer Electric Coin Company, Ethereum venture studio ConsenSys and several crypto venture firms.
That's as the exchange acquired crypto wallet app Swipe.io.
Mining DisclosuresIran's vice president issued a directive Monday that states crypto miners in the nation will have to disclose their identities, the size of their mining farms and their mining equipment type with the Ministry of Industry, Mines and Trade within a month.
ADA GainsCardano's ADA token has recorded a 170% return in the second quarter, propelling the crypto to its highest price level since June 2019.
According to Daniel Ferraro, marketing director at blockchain intelligence firm IntoTheBlock, ADA's impressive rally is the result of the excitement surrounding the "Shelley" upgrade, which would make Cardano 50 to 100 times more decentralized than other prominent blockchain networks, according to the company.
Exchange Losses Trading volumes on "Top tier" crypto spot exchanges fell by 36% in June, according to a report from London-based data provider CryptoCompare, potentially related to bitcoin's recent low volatility.
Crypto derivatives exchanges experienced a 35.7% drop in volume to $393 billion - the lowest monthly volumes since the start of 2020.
Blockchain Bites: Crypto's Bailout Millions, Brazil's Binance Ban, Lightning's Bug
gepubliceerd op Jul 7, 2020
by Coindesk | gepubliceerd op Coinage
Chainlink rallies to fresh highs of $16, but data reveals mounting selling pressure
Chainlink's price has flashed signs of intense strength in recent weeks, with each pullback being aggressively bought by bulls.
The Linux Foundation Wants Open-Source Tech to Address Future Pandemics
The LFPHI's goal is to promote the use of open source by public health authorities, which can be scrutinized by anyone, to fight not just COVID-19 but future pandemics as well.
Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
The total value of Grayscale's flagship Bitcoin Trust increased over $1.6 billion in the first six months of 2020.The New York-based crypto investment firm said the dollar value of total assets in GBTC went from $1.87 billion at the end of 2019 to $3.5 billion by the end of Q2 2020 - an increase of 90%.The disclosure came in a quarterly report filed with the Securities and Exchange Commission last Friday.
Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users
The Russian agency charged with collecting data to counter financial crimes has proposed building its own software to track cryptocurrency transactions and link them to users.