Cryptocurrency News
PsiQuantum has begun building a quantum center in Australia
PsiQuantum, a developer of photonic quantum computers, has begun construction of a facility in the Australian state of Queensland. There the company plans to house a fault-tolerant, industrial-scale quantum computer. First, PsiQuantum will prepare the infrastructure for a large cryogenic installation by Linde Engineering. The company then expects to launch cryogenic…
Tether to close the Alloy platform and end support for the aUSDT stablecoin
Tether announced the gradual winding down of the Alloy by Tether platform and the aUSDT stablecoin after a review of user activity, market demand, and the company's strategic priorities. The company's statement notes that Alloy by Tether was created as an open platform to study demand for digital assets backed by Tether…
CZ proposed a universal crypto-market development strategy for countries
CZ is urging states to tokenize their stock markets and launch national stablecoins following meetings with Asian leaders and regulators.
CME Group to file a lawsuit against the CFTC
The Chicago Mercantile Exchange (CME Group) will file a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC). CME head Terrence Duffy said this in a comment to CNBC. The reason was the agency's authorization for the Kalshi platform to launch perpetual futures. Duffy stated that such instruments are swaps. Under the Dodd-Frank Act, this requires different…
Senators spoke out against pardoning Bankman-Fried
Senators Ruben Gallego and Cynthia Lummis came out with a resolution banning a pardon, amnesty, or any other reduction of the sentence of former FTX exchange CEO Sam Bankman-Fried. They stated that he did not deserve release and pointed to the absence of signs of remorse. Recall that Bankman-Fried filed an official pardon petition with the U.S. president's administration…
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