Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation.
The Reserve Bank of Zimbabwe has dammed any potential consequences by selling 14 billion Zimbabwean dollars ($39 million) worth of gold-backed digital tokens. That is despite an earlier warning it received from the International Monetary Fund (IMF) not 39MBankDefiesDigitalGoldBackedIMFsReserveSellsTokensWarningWorthZimbabwe Read More
The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwe Dollars’ worth of gold-backed digital tokens worth around $39 million despite a warning from the International Monetary Fund.On May 12, the central bank of Zimbabwe announced that it had received 135 applications valued at ZW$14.07 billion to buy the gold-backed BitcoinCryptocryptoexchangeExchangesGoldBackedIMFMillionsSellsTokensWarningZimbabwe Read More
Palantir also revealed that it closed the quarter with $1.62 billion in US Treasury securities.
Software company Palantir Technologies (NYSE: PLTR) has sold all the gold bars it acquired in August 2021. The company invested $50.9 million to buy 100-ounce precious metal, which it said will be initially kept in a secure 100OunceAcquiredAugustBarsGoldPalantirSellsTechnologies Read More
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s ArgentinaBansBitcoinBoliviaCreditCryptocryptoexchangeDollarsExchangesFinTechFitchGoldNewsRatingSalvadorsSellsUpgrades Read More
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According to the latest XRP Markets Report, Ripple, a blockchain company developing global payment products, sold over $361 million of XRP tokens in Q1.
$361 million is a significant increase from the previous quarter, which saw sales 336MRippleSellsTokensXRP Read More
FTX announced that it has entered into a purchase agreement with an affiliate of Miami International Holdings to sell its futures and options exchange and clearinghouse LedgerX. FTX said in a statement that the total proceeds of the transaction would total about $50 million. The deal still requires the approval of 50MAffiliateBitcoinCompanycryptoexchangeExchangeExchangesFTXHoldingLedgerXMiamibasedSells Read More
While many of the tokens appear in the same style as the first collection, with artwork of the former president in different outfits and backgrounds, the new tokens feature Trump participating in activities such as playing guitar at a concert, hosting a barbecue, a “king” chess piece, and even wrangling CollectionNFTPlungePricesSellsTrumps Read More
Crypto mining firm Mawson Infrastructure Group will be exiting Texas following an $8.5-million sale of its local subsidiary as well as lease agreements and contracts related to operating in the state.In an April 19 announcement, Mawson said it had arranged the sale of its subsidiary Luna Squares Texas to Singapore-based 8.5MAheadantiminingBillCryptoFirmMawsonSellsSitesTexasVote Read More
Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase stash, selling the first batch of Coinbase stock this year.On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation exchange-traded fund (ARKF) for $13.5 million, according to an investor notification seen by ARKCathieCoinbaseSellsStockTimeWoods Read More
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.
Source 13.5MARKBuyingCoinbaseInvestSellsSharesSteadyStreak Read More