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11 months, 2 weeks agoBitnomial Receives Clearinghouse License from CFTC, Becomes Regulated Vertically Integrated Market Structure
The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange a…
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11 months, 2 weeks agoIOSCO Releases Policy Recommendations for DeFi Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations,…
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11 months, 2 weeks agoBitcoin Bull Michael Saylor Claims Spot Bitcoin ETF Approval Could Be the Biggest Wall Street Development in 30 Years
Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the…
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11 months, 2 weeks agoSenators Warren and Marshall Collaborate with Big Banks on Controversial Anti-Crypto Bill
Big banks have reportedly played a role in the drafting of a controversial anti-crypto bill by United States Senators Roger Marshall and Elizabeth Warren. In a video that surfaced on social media, Senator Marshall…
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11 months, 2 weeks agoFTX Debtors and FTX Digital Markets Collaborate to Simplify Bankruptcy Proceedings and Enhance Customer Recovery
In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify…
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11 months, 2 weeks agoAnticipation Builds for Spot Bitcoin ETF Approval by January 10
Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale a…
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11 months, 2 weeks agoFTX and Bahamas Subsidiary Reach Global Settlement for Customer Reimbursement
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to…
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11 months, 2 weeks agoCountries Around the World Embrace Bitcoin as Legal Tender and Investment Opportunity
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano b…
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11 months, 2 weeks agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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11 months, 2 weeks agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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11 months, 2 weeks agoOKX Urges iOS Users to Update Immediately for Enhanced Account Protection
A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to…
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11 months, 2 weeks agoRevelations of Pre-Mined ETH Distribution Threaten Ethereum's Stability
More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig r…
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11 months, 2 weeks agoUK Allows FCA and Bank of England to Launch Digital Securities Sandbox
The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS)…
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11 months, 2 weeks agoSwiss Bankers Association Cautious in Response to Finma's Analysis of Credit Suisse Crisis
The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential…
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11 months, 2 weeks agoExtradition Approval for Terraform Labs Founder Do Kwon Revoked Due to Procedural Irregularities
The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the…
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11 months, 2 weeks agoUBS and Credit Suisse: Bonuses Under Scrutiny
The Swiss financial regulator, Finma, has attributed the downfall of Credit Suisse to its compensation systems. According to a report by Finma, the bank’s bonus system failed to prevent losses or encourage good b…
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11 months, 2 weeks agoRipple and Metaco Merger Signals Operational Evolution and Potential Impact on XRP Community
Ripple and Metaco, two companies driving the adoption of the XRPL (XRP Ledger), are joining forces to offer tokenization and digital custody solutions to global banks. The recent appointment of Adrien Treccani,…
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11 months, 2 weeks agoHex Trust Integrates MetaMask Institutional to Enhance DeFi Access and Security
Hex Trust, an institutional-grade digital asset custodian, has integrated MetaMask Institutional (MMI) into its platform to provide users with direct access to over 17,000 decentralized finance (DeFi) applications.…
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11 months, 2 weeks agoUBS Strives to Make a Mark in US Investment Banking
The UBS, a Swiss bank, aims to establish a stronger presence in the US investment banking sector, but it currently plays second fiddle to Wall Street giants. Despite its ambitions, the UBS acknowledges that it will…
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11 months, 2 weeks agoMajor Financial Firms Accelerate Blockchain Adoption in Traditional Finance
Major financial firms such as JPMorgan and HSBC are increasing their involvement in blockchain technology, signaling a growing acceptance of distributed ledger technology (DLT) in traditional finance. In November,…
