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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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On May 17, Ripple, creator of the namesake payments network and XRP token, announced it had acquired Swiss digital asset custodian and tokenization provider Metaco for $250 million. With the acquisition, Ripple says it will expand its enterprise offering to custody, issue, and settle tokenized assets. The firm's developers wrote: "Metaco will
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According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years. Swiss multinational banking giant UBS Group AG (SWX: UBSG) has revealed new details about what its liabilities are likely to be from the acquisition of
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In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum
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According to bankruptcy cryptocurrency exchange FTX, a court in Switzerland has approved a petition allowing the firm to potentially sell its European business.In an April 12 announcement, FTX said a Swiss court granted a petition filed by the board of directors for FTX Europe AG regarding a moratorium proceeding. As
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FTX Europe AG, the holding company of FTX's European business, filed a petition for a Swiss moratorium proceeding, which the court granted on Tuesday, according to the announcement. A moratorium proceeding, under Swiss law, enables debt restructuring or the preservation of assets for a limited time. Original Source
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Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of
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PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers.The PostFinance bank has partnered with the local cryptocurrency bank Sygnum to offer its customers a range of regulated digital asset banking services, the firms announced on April 5.The
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“We have seen banks make crypto available to their clients before, and the next thing they want is staking and so on,” said Jost. “I can certainly confirm PostFinance has a roadmap, and it’s a case of start with buy, hold and sell to sort of grease the wheels within
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Popular on the Ethereum blockchain, zk-proofs are also coming to the Bitcoin network. ZeroSync Association is bringing zk-proofs (Zero Knowledge) to Bitcoin (BTC) even as cryptographic techniques become popular on the Ethereum blockchain. Reports state that ZeroSync, a Swiss non-profit association, received sponsorship from crypto investment platforms Geometry Research and StarkWare Industries. The
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