JPMorgan partners with 6 Indian banks for blockchain interbank transactions, APPG gives 53 crypto recommendations to UK government, Hoskinson cautions about AI-generated frauds.
This is a news article about cryptocurrency and blockchain-related news. The article includes a report on JPMorgan’s partnership with six Indian banks to settle interbank dollar transactions in real-time using their blockchain-based trading platform, Onyx. The article also covers the Crypto and Digital Assets All Parliamentary Group’s report with 53 recommendations to the UK Government on the regulation of crypto and digital assets. Additionally, the article covers Cardano founder Charles Hoskinson’s warning about the rise of AI-generated fraud in the cryptocurrency industry, and the Blockchain Association’s legal brief calling the US Treasury Department’s decision to sanction Tornado Cash “unprecedented and unlawful.” Lastly, the article includes news about Demox Labs, a company working on zero-knowledge technology, raising $4.5 million in pre-seed funding and launching a privacy-focused crypto wallet called Leo Wallet for use with the Aleo blockchain.
Mining news
- Marathon Digital Holdings has released its unaudited Bitcoin (BTC) production and miner installation updates for May 2023. The report shows that Marathon Digital Holdings produced a record BTC 1,245 in May and BTC 4,141 in total for the year. The company also increased its operational hash rate by 9% to 15.2 EH/s and its installed hash rate by 13% to 20.1 EH/s. Marathon Digital Holdings had unrestricted cash and cash equivalents totaling $97.3 million and increased its unrestricted Bitcoin holdings to BTC 12,259 (worth approximately $333.7 million) as of May 31st.
