TradeBlock will officially begin the process of shutting down on May 31.
Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary.
According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who BrokerageCloseCurrencyDCGDigitalGroupPrimeSubsidiaryTradeBlock Read More
Digital Currency Group (DCG), the parent company of CryptoX is closing down its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told ClosingCurrencyDCGDigitalGroupTradeBlock Read More
The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CryptoX in an emailed statement. "Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in ClosingCurrencyDCGDigitalGroupInstitutionalPlatformTradeBlockTrading Read More
Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States. According to a May 25 report from Bloomberg, TradeBlock, led by Breanne Madigan, will officially begin the process of shutting down BitcoincryptoexchangeCurrencyDigitalExchangesGroupInstitutionalShutterTradeBlockTradingUnit Read More
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Genesis Global Capital, the now bankrupt lending arm of Digital Currency Group (DCG), has failed to pay approximately $630 million due to creditors, leading to discussions among stakeholders about a potential default.
The situation highlights the 630MConcernsCurrencyDigitalFailureGroupspayRaises Read More
Using Ripple's platform government institutions can manage and customize the entire life cycle of the CBDC, which includes minting, distribution, redemption and token burning. Financial institutions would also be able to manage and participate in inter-institutional settlement and distribution functions using the CBDC.
Original Source BanksCBDCsCentralCurrencyCustomizeDigitalIssuePlatformRippleStarts Read More
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed.
Economist Highlights Rising De-Dollarization Trend
Canadian economist BitcoinCurrencyDecliningDollarsEconomicsEconomistImportanceInternationalNewsReserveTransactions Read More
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized, users have more control over BitcoincryptoexchangeCurrencyExchangesmemecoinsReal Read More
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it AccusedAfricanAmmunitionBitcoinCountrycryptoexchangeCurrencydayDollarExchangesFeaturedNewsPlungesRussiasecretlySouthSupplying Read More
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away from discussions” that AfricaAfricanBitcoinBRICSCommonCurrencyDecisionMinisterNationsNewsRushSouthTells Read More