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The project has been ongoing for about six months, the Bloomberg story said. A separate industry report expected to outline best practices in areas like due diligence and risk management, could be published in the next two months, the sources told Bloomberg. The report that focuses on firms that provide
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Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank. Source
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Financial media outlet Bloomberg revealed a new artificial intelligence (AI) model intending to open new ways to use the data available within the company’s terminal. Many responded to the latest development, with some saying that this sparks “the next wave” of corporate AI. On March 30, Bloomberg released a research paper
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Paris-based Ledger will have a second close for the funding round in the middle of April and a third could follow depending on demand, according to the story. Investors in the round included returning backers 10T, Cap Horn, Morgan Creek, and Cathay Innovation. New investors included True Global Ventures, Cite
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While Silicon Valley Bank didn't provide fiat on-ramps to exchanges, like Silvergate or Signature bank, a number of key crypto companies like Circle Financial banked there. Circle’s USDC stablecoin fell from its $1 peg for a few days after the company announced that $3.3 billion of its deposits were at
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The stock market exchange operator's senior vice president and head of digital assets Ira Auerbach said that the firm is working on getting the necessary infrastructure and regulatory approval in place. Nasdaq applied to the New York Department of Financial Services (NYDFS) for a limited-purpose trust company charter which would
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The payment was due on March 23 and was required to fund working capital. Source
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Nigeria has been struggling with a crippling cash shortage since the central bank started replacing old naira notes with new ones late last year. Currency in circulation has slumped to about 1 trillion naira from 3.2 trillion naira in September, Emefiele said, according to Bloomberg. The shortage of notes has
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U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans. Original Source
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Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg. Source
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