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1 year, 5 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial t…
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1 year, 5 months agoBinance Ceases Support for BUSD Stablecoin, Urges Users to Switch to FDUSD
Cryptocurrency exchange Binance has announced that it will be ending support for its BUSD stablecoin on December 15, 2023. This decision comes as a result of regulatory crackdowns faced by BUSD, which is issued by…
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1 year, 5 months agoFirst Trust Bitcoin Buffer ETF Opens Doors for Trillion-Dollar Banks to Invest in Bitcoin, Potentially Pushing Price to $80,000
The launch of the First Trust Bitcoin Buffer 30 ETF could have a significant impact on the cryptocurrency investment landscape. This unique ETF offers protection for investors by shielding them from the initial 30%…
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1 year, 5 months agoJ.P. Morgan Investment Banker Takes on Additional Role in European Infrastructure Financing
Alexander Voigt, an investment banker at J.P. Morgan, has taken on an additional role in the infrastructure sector in Europe, according to sources. Voigt will now be responsible for infrastructure financing in the…
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1 year, 5 months agoSafeMoon Files for Bankruptcy Amid SEC Fraud Charges and Executive Arrests
The Solana Mobile team has announced that its crypto phone Saga is officially sold out in the US, with only a few of these suddenly indemand devices left for the European market. The Android phone was launched in…
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1 year, 5 months agoSafeMoon Faces Bankruptcy and Fraud Allegations
SafeMoon, a once-thriving cryptocurrency protocol, has filed for Chapter 7 bankruptcy amidst allegations of fraud and mismanagement. The founders of SafeMoon, Kyle Nagy, Thomas Smith, and Braden Karony, are facing…
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1 year, 5 months agoGoldman Sachs Bullish on Ripple's XRP, Calls it a Once-in-a-Lifetime Opportunity
Goldman Sachs has expressed optimism about Ripple’s XRP, calling it the “opportunity of a lifetime.” Former Goldman Sachs executive Raoul Pal and attorney John Deaton believe that XRP has real-world utility and m…
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1 year, 5 months agoRipple Releases White Paper on Central Bank Digital Currencies
Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the…
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1 year, 5 months agoSEC Chief Considers Approval of Bitcoin Spot ETF Amid Negotiations with BlackRock
The Securities and Exchange Commission (SEC) chief, Gary Gensler, may change his stance on approving Spot Bitcoin ETFs. In a recent interview with CNBC, Gensler mentioned that the courts of Washington DC have…
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1 year, 5 months agoRegulators Warn of Risks in Unsupervised AI Adoption for US Financial System
A panel of regulators has raised concerns about the rapid adoption of artificial intelligence (AI) and its potential risks for the United States’ financial system. The Financial Stability Oversight Council, c…
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1 year, 5 months agoJulius Bär Bank Faces Potential Conflicts of Interest and Risky Investments
Christian Dubler, Managing Director of Julius Bär in Frankfurt, has been in the spotlight recently due to his personal investment in Signa Sports United (SSU). According to a 2021 SEC listing, Dubler holds 100,000…
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1 year, 5 months agoElon Musk's Assurances Fail to Prevent Potential Losses for Banks in X Takeover
Elon Musk has privately assured bankers who lent him $13 billion to finance the acquisition of the social media platform X that they will not lose any money in the deal. These verbal assurances were made to…
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1 year, 5 months agoThe Human Factor: Key to Success in the Banking Industry in 2023
The year 2023 proved to be a challenging one for the banking industry, with several major banks facing downfall and collapsing in the US. However, amidst this turbulent environment, many bank managers successfully…
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1 year, 5 months agoExploit in Ledger Library Raises Concerns in Crypto Industry
A recent exploit in the Ledger Library, which is integrated into many cryptocurrency projects, has caused widespread concern and market instability. This event highlights the pervasive risks in the digital asset…
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1 year, 5 months agoSEC Chair Gary Gensler Hints at Reconsidering Approach to Bitcoin ETFs Following Grayscale Court Decision
The U.S. Securities and Exchange Commission (SEC) is reconsidering its approach to spot Bitcoin exchange-traded products following a recent court decision involving Grayscale. SEC Chair Gary Gensler revealed in an…
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1 year, 5 months agoTether Freezes Crypto Wallets Linked to Sanctioned Individuals and Entities
Tether, the largest issuer of stablecoin USDT, has implemented a new policy to freeze crypto wallets associated with individuals and entities sanctioned by the US Treasury’s Office of Foreign Asset Control (…
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1 year, 5 months agoEl Salvador Approves Volcano Bitcoin Bonds to Fund Bitcoin City Construction
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes r…
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1 year, 5 months agoKuCoin Settles Lawsuit with NY Attorney General, Pays $22 Million Penalty
New York Attorney General Letitia James has reached a $22 million settlement with KuCoin, one of the world’s largest cryptocurrency exchanges. The agreement resolves a lawsuit that accused KuCoin of operating w…
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1 year, 5 months agoCoinbase Expands International Exchange to Address Regulatory Uncertainty
US-based cryptocurrency exchange Coinbase has announced plans to expand its international exchange by offering spot trading. The move is in response to hesitancy among some users to trade on US venues due to…
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1 year, 5 months agoRegulatory Dispute Over Cryptocurrency Classification Creates Uncertainty for US Crypto Industry
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed concerns about the lack of clear regulatory guidelines for cryptocurrencies in the United States. He believes that…
