Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens

Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round.
The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28.

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Tether (USDT) slams Bloomberg over criminal probe accusations | CryptoSlate

The recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait.

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Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens

Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Saying the crypto movement is too strong to be crushed, even by the Federal Reserve.
In recent times, authorities have ramped up talk of introducing central bank digital currencies (CBDCs).

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What bear market? Crypto firms raised over $4.4 billion in Q2 2021 alone 

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC
A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stable

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Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin

There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel.
An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process.

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