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The guidance was released after some local banks previously moved to shut down accounts tied to crypto exchanges, citing exposures to risk. In the published document, the SARB said it was aware that certain banks in the country have opted to block clients with links to crypto. It added that,
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Brazilian brokerage giant XP Inc has officially launched its crypto trading platform ‘XTAGE' in Brazil, bringing a potential 3.6 million users to the crypto markets. The news was broke in an Aug. 15 post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange's “Opening Bell” to celebrate
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The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock. Blackrock Launches Bitcoin Trust Blackrock, the world’s largest asset manager, has launched “Blackrock bitcoin private trust.” According to
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“In DeFi, in some cases, it’s just unsustainable, it’s not going to work out,” Rosmer said. “What’s totally fair is that these yields are not going to last. The super-high yields are short-term yields and things normalize as more participants become involved.” Source
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On August 4, the head of Coinbase Institutional, Brett Tejpaul, and the vice president of institutional product, Greg Tusar, announced that Coinbase has been selected by the financial giant Blackrock to provide the firm’s Aladdin platform access to cryptocurrencies. Blackrock Chooses Coinbase to Connect Aladdin Clients to Crypto Coinbase’s institutional arm will
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The custody wallet holders were the first to form an ad hoc group in the case. These creditors are worried that Kirkland & Ellis, the law firm hired on Celsius’ behalf, may be telling them what they want to hear without doing much to support them, according to Thomas Braziel,
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The product offers another entry point for financial institutions eager to delve into crypto but unsure of how best to do it. Original Source
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FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like
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Per a report from Sedaily, the trading arm of Korean startup Uprise has lost of all its clients’ funds. The platform was used by wealthy individuals and institutions to trade crypto futures contracts via an artificial intelligence (AI) tool. Related Reading | Altcoins Take The Lead As Bitcoin Struggles To Hold Above
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Bitcoin investment firm NYDIG is working with professional services giant Deloitte to expand its digital asset banking offering among corporate clients. Original Source
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