Cryptocurrency Analysis and News Portal
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities
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The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter. Source
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"Digital asset” includes anything of value that is not tangible and cryptocurrencies, token codes, and numbers held in digital form and generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged with or without consideration that can be transferred, stored or exchanged electronically;
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Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cryptox Markets & Research YouTube channel and explains complex concepts in layman’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.This week’s show starts by discussing the mutual fund industry, including
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Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC.In an April 19 announcement, Sotheby’s said it would auction off nonfungible token, or NFT, artwork assembled as part of 3AC’s digital portfolio in 2021.
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The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. The discussion is timely, given the growing use of tokenization in finance and the introduction of blockchain technology in many economic sectors,
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Australia's CBDC pilot, run by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), began last year to explore use cases for a CBDC. The DFCRC is a 180 million Australian dollar (US$124.3 million) program, funded by industry partners, universities and the Australian Government. Source
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The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country.In a policy paper released on March 30, the U.K. Treasury and Home Office said it planned to “robustly” regulate crypto to fight
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The Lucid CEO said the company remains committed to expanding globally despite cutting headcounts. American EV maker Lucid Group Inc (NASDAQ: LCID) has revealed plans to reduce headcounts, dismissing about 18% of its workforce. The company announced the job cut in an SEC filing on the 27th of March. According to
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Given that cryptocurrency trading is a global business, Bernstein expects that Binance will look to “safeguard its dominant international business, which is its cash cow, and where it has worked on licenses in Europe, Africa and Australia,” analysts Gautam Chhugani and Manas Agrawal wrote. Source
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