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“We are focusing on the security of the infrastructure. And that's really fundamental for institutions, which are still the majority of the value that has come into the crypto market,” Wei told CryptoX. “Being able to put that layer on top of what we already offer to clients I think
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On this week’s The Market Report show, Cryptox’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.We start off this week’s show with the latest news in the markets:GBTC next BTC price black swan? — 5 things to know in Bitcoin this weekBitcoin (BTC),
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The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having “honest conversations about solving real-world problems with crypto and blockchain.” Ripple’s CEO Optimistic About Crypto’s Recovery After
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As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT’s week-on-week chart, the token has amassed over 90% gains. This comes as FTX’s debacle unfolds and traders grow wary of centralized exchanges. Furthermore, Binance’s CEO endorsed Trust Wallet in a recent
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What advisors and clients need now from the digital assets space is a trusted partner, someone they can work with. Crypto exchanges will need to diversify their revenue streams to create more stability during crypto downturns, according to Suneet Muru, an analyst on the thematic intelligence team at GlobalData. This
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Following the collapse of FTX and the bank run on crypto exchanges in general, self-custody Trust Wallet is gaining momentum. In one week, the company launched the long-anticipated browser extension and collaborated with Binance, whose users can now transfer their funds directly to a Trust Wallet account. On Nov. 14, Trust
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Ark Investment Management purchased 315,259 shares worth about $2.8 million in the Grayscale Bitcoin Trust (GBTC) with GBTC currently trading near a record discount to net asset value (NAV) following FTX’s collapse. Grayscale and CryptoX are both owned by the same parent company, Digital Currency Group. Source
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Trust Wallet Token (TWT) has surged by nearly 150% in the last six days, bucking the downturn in the cryptocurrency market, whose net capitalization has crashed by almost $100 billion in the same period.TWT whale accumulation picks up momentumTWT's price reached an intraday high of $2.43 on Nov. 15, a
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“Our direct exposure to FTX exchange was confined to mid-seven figures held in custody. Our investment into the equity of FTX was made prior to the launch of our fund, and we did not invest any LP capital into FTX,” Sino Global said in a tweet on Tuesday . Source
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The instinctive reaction, then, familiar to all who have had trust broken, will be to vow to never be that vulnerable again. In finance, we do now have the technology to facilitate a relatively trust-free financial relationship with atomic swaps, transfer monitoring and balance verification. But, just as our bruised
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