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Paradigm Co-founder Matt Huang Deems AI 'Too Interesting to Ignore' but Remains Devoted to Crypto
28.6.2023
Matt Huang, co-founder of crypto-focused investment firm Paradigm, says he is still devoted to crypto even though artificial intelligence (AI) in his opinion is “too interesting to ignore.”
"We’ve never been more excited about crypto and we continue to invest across all stages," Huang said Tuesday...
Grayscale Bitcoin Trust Shares Hit Yearly High, Discount Shrinks to 30% as Wall Street Giants Enter Crypto
28.6.2023
The share price of Grayscale Bitcoin Trust (GBTC) reached a one-year high on Tuesday, fueled by renewed optimism surrounding the potential conversion of the trust into an exchange-traded fund (ETF).
The surge came in response to reports that asset manager Fidelity Investments is preparing...
Crypto.com launches Singapore-based Global Innovation Lab
27.6.2023
Crypto.com has announced that it is launching a Global Innovation Lab based in Singapore with the objective of bringing together the expertise of Web3, blockchain, and Artificial Intelligence. Crypto.com will leverage the potential of the region to ensure that Singapore becomes a global hub...
Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage, US SEC Grants BlockFi Temporary Relief From Settling a $30M Penalty, Gemini Staking Pro Expands to the UK
23.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage,...
Crypto.com receives regulatory approval to offer crypto services in Spain
23.6.2023
The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore
Crypto.com Approved to Operate in Spain
23.6.2023
The crypto exchange said it has registered as a virtual asset service provider with the country's central bank following a "comprehensive" compliance review
Study: Crypto Adoption More Significant in Poorer African Countries
23.6.2023
While as much as 66% of surveyed African residents claimed to have been exposed to digital assets like bitcoin, about 82% of respondents said they have never owned crypto. The findings of the survey study suggest that the adoption of crypto is more significant in poorer African countries than...
BitMEX CEO Suggests Crypto Exchanges Should Eliminate Internal Market Makers – Here's Why
22.6.2023
BitMEX CEO Stephan Lutz has stated that crypto exchanges do not need to run internal market makers after it was revealed Crypto.com has internal trading teams that trade crypto.
The revelation raised concerns about a potential conflict of interest at Crypto.com.
In an interview with The Block...
Crypto.com refutes all allegations against it
22.6.2023
According to the Financial Times, Crypto.com runs proprietary trading teams who involve themselves in trading against their customers, an allegation that Crypto.com completely refutes. From the viewpoint of FT, they have received input from five people who insist that exchange personnel offered...
Federal Reserve Chairman Says Crypto Appears to Have Staying Power in US Economy
22.6.2023
Federal Reserve Chairman Jerome Powell has acknowledged that cryptocurrency appears to have staying power as an asset class in the U.S. economy. In addition, he stated that the central bank views payment stablecoins as a form of money, emphasizing that it would be appropriate to have a robust...
Deutsche Bank Applies for License to Offer Crypto Custody Service
20.6.2023
Deutsche Bank, the largest bank in Germany, is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive explained that the digital asset move is part of the giant lender’s broader strategy to boost fee income. Deutsche...
Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down
19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...
Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down
19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...
Crypto.com Internal Trading Teams Prompt Concerns Over Conflicts of Interest
19.6.2023
Major cryptocurrency exchange Crypto.com has come under scrutiny for deploying internal teams to trade tokens for profit.
The Singapore-based group reportedly operates proprietary trading and market making teams, which has raised concerns about potential conflicts of interest, the Financial Times...
Crypto.com Confirms Arena Name Won't Change Despite Institutional Exchange Shutdown
11.6.2023
The Las Angeles-based sports and entertainment arena, Crypto.com Arena, will be keeping its name despite the cryptocurrency exchange’s decision to shut down its institutional exchanges in the United States.
On 9 June, Crypto.com unveiled plans that it will be stopping its institutional exchange...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as Traders Digest SEC’s Crypto Crackdown
10.6.2023
Bitcoin moved below the $26,000 level to start the weekend, as bearish pressure intensified following a week of turbulence. Sentiment in the market once again shifted, as traders liquidated their positions on the back of the U.S. Securities and Exchange Commission’s (SEC) crackdown...
Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’
10.6.2023
Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutional offering. Crypto.com to Cease U.S....
Crypto.com Winding Down U.S. Institutional Business
9.6.2023
Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday
Crypto.com suspends US institutional exchange service
9.6.2023
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions
ARK Invest Buys $19.9 Million Block Shares as Cathie Wood Stands Firm on Crypto
9.6.2023
Cathie Wood's Ark Investment has purchased around $20 million worth of Block shares as the crypto investment firm stand remains committed to crypto.
According to data provided by ARK Invest Daily Trades, ARK Invest acquired a total of 305,573 shares of Block across six intervals between June...