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FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk. Source
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United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country. Dubbed Gemini Foundation, the offshore division will offer services to users based in Singapore, Hong Kong,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As the regulatory crackdown on cryptocurrency exchanges in the United States continues, Gemini, a leading cryptocurrency exchange, has announced the upcoming launch of Gemini Foundation, a non-US crypto derivatives platform. The move comes amid growing scrutiny by
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The announcement coincides with increased scrutiny by U.S. regulators and lawmakers about the role of cryptocurrencies in the world's biggest economy – a campaign that's affected Gemini. In January, the company and Genesis (which, like CryptoX, is owned by Digital Currency Group) were accused by the Securities and Exchange Commission
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Coinbase received its license to operate in Bermuda on April 19th. The action was taken to keep up with the company’s campaign for “global scale to go broad and deep”. Coinbase plans to launch a coastal derivatives exchange in the next week, after it acquired a license to function in Bermuda
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Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by Solana blockchain and the retail trading debut of Grayscale’s Solana Trust shares.The developments along with bullishness in the broader market, boosted the price of SOL by 29.05% from April 11 to a monthly
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Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London
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Bitcoin (BTC) price maintained the $30,000 support as lower-than-expected U.S. Consumer Price Index (CPI) data released on April 12. The official inflation rate for March increased 5% year on year, which was slightly less than the 5.1% consensus. It was the lowest reading since May 2021, but is still significantly
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The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year.According to an
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The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the
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