Cyptocurrency

Crypto.com Moves Closer to an Operational License in Dubai

"Once licensed to be operational, Crypto.com will be able to extend its approved suite of duly regulated virtual assets activities spanning a range of crypto exchange services (spot and derivatives), brokerage, margin/leverage trading and OTC (over-the-counter) offerings around settlements for institutional…

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Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase

“Cryptocurrencies have exhibited some resilience, in part due to technical reasons,” but also because more people “now appreciate the fundamental value proposition of having an alternative to the points of failure inherent in the traditional financial system,” wrote David Duong, head…

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Crypto Market Witnesses Odd Relationship Between Bitcoin, Ether Volatility Metrics

"The negative spread is reflective of the two assets increasingly viewed as similar yet different proxies of risk, both markets are much deeper and liquid than the rest of the coins with established use cases," Patrick Chu, director of institutional sales…

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FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings

“Mr. Bankman-Fried, and others at his direction, maintained a close, accommodating relationship with Bahamian law enforcement agencies” including the prime minister, attorney general and Securities Commission, the filing reads, adding that the FTX founder “aimed to leverage that relationship to minimize…

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Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say

“Things like bitcoin are great, they’re permissionless, they’re free to transfer, but you can’t really store your entire net worth in them if you’re a minimum wage earner in Africa,” Ovadia said. “I think, in general, stablecoins are probably one of…

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EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain

Users are spoiled for choice in an increasingly competitive crypto market, however, as relatively newer networks such as Arbitrum, zkSync, Optimism and Solana, among several others, vie for developer talent and increase their own revenues via token incentives or airdrops.

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Australian Banking Association’s cost of living inquiry reveals bank pressure

News risk of a similar shutdown if depositors decide to withdraw all funds. The ABA’s inquiry aims to identify ways to ease the cost of living in Australia and the Government’s fiscal policy response.Consumer price index, percentage change from corresponding quarter…

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Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary

News stated that Hong Kong has been attracting “interest” from various crypto firms worldwide since October 2022.Hui noted that since the Hong Kong government released its policy statement on Virtual Asset Development in October 2022, over 80 virtual asset-related companies have expressed…

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Signature Bank deposits, branches sold to Flagstar, crypto not included

News announced the agreement on March 19, which will see $38.4 billion worth of non-cryptocurrency-related deposits and $12.9 billion in loans taken over by the Michigan-based bank under a “purchase and assumption agreement."From March 20, Signature’s Bank 40 branches will begin…

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