Rootoshi
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10 months, 2 weeks agoCelsius Begins Asset Recall and Rebalancing in Preparation for Creditor Distributions
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been…
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10 months, 2 weeks agoNigerian Banks and Fintech Operators Launch cNGN Stablecoin to Bridge Gap Between Naira and Digital Currencies
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian…
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10 months, 2 weeks agoBanks Generate More Revenue from Financing Green Projects than Fossil Fuels for Second Consecutive Year
For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw…
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10 months, 2 weeks agoVenture Capital Fundraising Hits Six-Year Low, Puts Start-ups Under Pressure
The fundraising of US venture capital firms has fallen to its lowest level in six years, putting pressure on start-ups. American venture capital firms raised $67 billion last year, the lowest annual value since…
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10 months, 2 weeks agoJapan Introduces Tax Exemption for Token Issuers, Boosting Crypto Ecosystem
Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has…
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bob wrote a new post
10 months, 2 weeks agoCelsius Initiates Asset Shift to Facilitate Creditor Distributions and Ethereum Unstake
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11…
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10 months, 2 weeks agoGamma Strategies Faces Security Exploit, Raises Concerns Among DeFi Investors
The decentralized finance (DeFi) sector has been hit by a potential security exploit, raising concerns among investors. Gamma Strategies, an Ethereum-based asset management protocol, has experienced an anomaly that…
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10 months, 2 weeks agoUpcoming Hearing to Address Cryptocurrency Regulation and Investor Protection
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns…
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10 months, 2 weeks agoAsset Managers File Notices to Register Bitcoin ETFs with SEC
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges.…
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10 months, 2 weeks agoSouth Korea Proposes Ban on Credit Card Purchases of Cryptocurrency
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money l…
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bob wrote a new post
10 months, 2 weeks agoSouth Korea Proposes Ban on Credit Card Purchases of Cryptocurrency
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money l…
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bob wrote a new post
10 months, 2 weeks agoRiema Labs Secures Funding to Launch Groundbreaking Bitcoin Data Availability Layer
Riema Labs, a leading player in the Bitcoin ecosystem, has successfully concluded its angel investment round, securing crucial funding for the launch of its groundbreaking product. This product, called Nubit,…
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10 months, 2 weeks agoTuttle Capital Files for Six Leveraged Bitcoin ETFs, Aiming to Magnify Returns
Investment firm Tuttle Capital has made a bold move in the crypto space by filing for six leveraged Bitcoin Exchange-Traded Funds (ETFs) with the SEC. These ETFs aim to provide users with magnified returns, seeking…
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10 months, 2 weeks agoGoldman Sachs in Talks to Play Key Role for Bitcoin ETFs in the US
Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States.…
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10 months, 2 weeks agoGoldman Sachs Explores Role as Authorized Participant in Bitcoin ETFs
Banking giant Goldman Sachs is reportedly positioning itself to become an authorized participant (AP) for Bitcoin exchange-traded funds (ETFs) introduced by BlackRock and Grayscale. These ETFs are awaiting approval…
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10 months, 2 weeks agoCompetition Intensifies as Swiss Private Banks Seek Top Talent Amidst Departure of CS and UBS Bankers
The Swiss private banking sector is currently engaged in a fierce competition to attract top talent from Credit Suisse (CS) and UBS. In order to entice experienced bankers, these banks are offering high salary…
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bob wrote a new post
10 months, 2 weeks agoSouth Korea Proposes Ban on Credit Card Purchases of Cryptocurrencies
The head financial regulator in South Korea is proposing a new amendment to the credit financing regulations that would make it illegal for residents to use credit cards to purchase cryptocurrencies. The Financial…
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10 months, 2 weeks agoGamma Strategies Offers Bounty to Recover Stolen $3.4 Million in Digital Assets
Gamma Strategies, an Ethereum-based liquidity management protocol, has experienced a significant exploit resulting in the loss of $3.4 million in digital assets. The attack was detected by blockchain security firm…
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10 months, 2 weeks agoLiechtensteinische Landesbank Expands into German Market with New Locations in Munich, Frankfurt, and Düsseldorf
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These expansions are aimed at leveraging the bank’s close relationship with Sw…
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10 months, 2 weeks agoLiechtensteinische Landesbank Expands into Germany to Strengthen Swiss-European Relations
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These locations were chosen to strengthen the bank’s close relationship wi…
