Monday, November 25, 2024
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$2b of crypto assets wash traded on decentralized exchanges, report shows

Solidus Labs research finds $2 billion in deceptive wash trading activities across Ethereum-based decentralized exchanges.  Newly released data from Solidus Labs, a crypto trade surveillance and risk monitoring platform, indicates that a staggering $2 billion worth of crypto assets has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The report casts

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Justin Sun considers ‘an offer’ for FTX’s crypto assets to prevent potential market crash

Tron founder and Huobi shareholder Justin Sun is considering buying FTX’s assets amid potential asset liquidation by the bankrupt crypto exchange. Tweeting on Monday, Sept. 11, Just Sun said that he is “contemplating an offer for FTX’s holding tokens and assets to reduce their selling impact on the crypto community.” Sun’s tweet

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XRP bucks trend as crypto assets experience 4th straight week of outflows

Cryptocurrency asset outflows for the week of Sept. 3 through 9 totaled $59.3 million, bringing the current run to $249 million over four consecutive weeks. Bitcoin (BTC) experienced the bulk of activity last week, with its $68.9 million in outflows offset by Short Bitcoin inflows in the amount of $15.2 million

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1 in 4 investment firms assign senior execs to digital assets: Report

An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm.According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted

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Taiwan Crypto Watchdog to Issue 10 Guiding Principles ft AML and Global Rules, for Virtual Assets in September: CNA

The East Asian country will set guidelines to ensure that crypto businesses establish review mechanisms, keep customers payments separate from their own tokens and comply with anti-money laundering laws (AML). It also plans to set out that unregistered overseas firms should not solicit business in the country. Original Source

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Korean tokenized assets firm partners with Polygon Labs

The Korean company Mirae Asset Securities has closed a partnership with Polygon Labs, focusing on the growth of tokenized securities networks. Under the partnership, Polygon Labs will work as a Mirae Asset Security Token Working Group consultant.Both companies will put joint efforts into constructing the infrastructure for tokenized securities platforms.The partnership’s

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