Cryptocurrency Analysis and News Portal
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
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
Read More
Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator. Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday,
Read More
HashKey Capital emphasized that it plans to direct the investment into Web3 initiatives in order to broaden its crypto exposure. Crypto investment company HashKey Group is looking towards leveraging Hong Kong’s digital assets efforts to raise funds at a valuation of over $1 billion to attract potential investors. The Chinese Special Administrative
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a legal framework for digital assets or risk falling behind other nations.On May 19, the U.S. Chamber of Digital Commerce sent a call to action to
Read More
The job cuts will happen despite an increase in its network connection, whereby BT Group reported a total of 8.6 million 5G connections, up 62% last year. Shares of BT Group PLC (LSE: BT.A) dropped as much as 8 percent on Thursday to trade around £136.85. The sudden drop in the
Read More
Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).In a May 16 report, the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group (BCG)
Read More
Zepz, however, noted that it is hiring more than 200 new roles including software developers, managerial positions and marketing roles, among many others. In a bid to streamline its business structure for future growth prospects, Zepz, a London-headquartered money transfer platform, has announced the reduction of its workforce by about 26
Read More
Emirates Group announced global freight expansion to different destinations including Tanzania, Germany, Canada, and Brazil. Emirates Group, a state-owned Dubai-based international aviation holding company, released its 2022-2023 financial results. According to the announcement, Emirates achieved a record annual profit of AED 10.9 billion, approximately $3 billion. The airline service company was
Read More