Blog – Page 187

FTX Stakes About $170 Million in SOL, ETH, and MATIC Amidst SBF’s Trial

Leave a Comment / About, Stakes / Avery Clarkson

The bankrupt cryptocurrency exchange has staked close to $170 million in several crypto assets, including Solana, Ethereum, and MATIC. Blockchain data revealed that the defunct platform has staked over 5.5 million SOL and more than 24K ETH. FTX Move to Staking Staking is primarily the practice of locking up cryptocurrencies on a blockchain network to […]

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South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto

Leave a Comment / Korean, South / Avery Clarkson

Source: AdobeStock / Alexander South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year. Under this new legislation, authorities are mandated to formulate standards concerning virtual asset listing procedures, internal controls, and issuance and

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Bitcoin Prices Retain Strength After Binance.US Halts Dollar Withdrawals

Leave a Comment / Bitcoin, Prices / Admin

Bitcoin Prices Retain Strength After Binance.US Halts Dollar Withdrawals BTC/USD Chart (Coinbase)/ Source: TradingView Bitcoin prices have retained their strength today, managing to achieve relative stability in spite of the latest news that Binance.US has stopped its customers from directly withdrawing the U.S. dollar. Yesterday, the exchange updated its terms of use. The updated terms

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Fidelity Digital Assets Become First Corporate Client to Leverage EY’s Blockchain Analyzer

Leave a Comment / Digital, Fidelity / azlan90

Source: iStock ‘Big Four’ accounting behemoth Ernst & Young (EY) unveiled Tuesday that Fidelity Digital Assets, the digital asset arm of Fidelity Investments, has adopted EY’s latest blockchain analytic tool. Dubbed EY Blockchain Analyzer: Reconciler, the tool is available through EY Blockchain’s Software as a Service (SaaS) platform. The “fourth generation” product will enable organizations

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Tokenized Real-World Asset Market to Hit $10 Trillion By 2030, 21.co Projects – Can RWAs Power Ethereum (ETH) to Multi-Trillion Market Cap?

Leave a Comment / Market, Tokenized / Avery Clarkson

Ether Logo / Source: Adobe The market capitalization of tokenized real-world assets (RWAs) could balloon to as much as $10 trillion by the end of the decade in a bullish scenario, argued digital asset management company 21.co in a recently released report. Even in a bearish scenario, the market cap of tokenized RWAs will still

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‘Crypto Rug Pull’ Leaves ‘Hundreds’ of Central African Republic Investors ‘Penniless’

Leave a Comment / Crypto, Pull’ / azlan90

‘Crypto Rug Pull’ Leaves ‘Hundreds’ of Central African Republic Investors ‘Penniless’ Source: firewings/Adobe Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.” The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an

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BlackRock CEO Larry Fink Calls Bitcoin Pump A “Flight to Quality”

Leave a Comment / BlackRock, Larry / azlan90

Larry Fink – CEO of $10 trillion investment management giant BlackRock – says crypto is a “flight to safety” asset class, comparable it to the likes of gold and US Treasuries. In an interview with Fox Business, Fink dismissed the idea that Bitcoin (BTC)’s rally on Monday was merely due to a false rumor about

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FTX Executive Details Sam Bankman Fried’s “Excessive” Spending On Celebrity Deals

Leave a Comment / Details, Executive / Avery Clarkson

Nishad Singh – FTX’s former director of engineering – revealed more details about the crypto exchange’s profligate spending during his testimony at Sam Bankman-Fried’s fraud trial on Monday. Singh pled guilty to both money laundering and campaign finance violations, breaking down his involvement in the company’s over $100 million in donations to political candidates. Excessive

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SEC Holds Back from Appealing Court Decision on Grayscale Bitcoin ETF: Report

Leave a Comment / Appealing, Holds / Admin

The United States Securities and Exchange Commission (SEC) has exceeded its mid-October deadline to refute Grayscale’s court win for the approval of a spot Bitcoin exchange-traded fund (ETF). The financial agency will not appeal in court regarding the decision, Reuters reported on October 13th, citing a source familiar with the matter. The legal tussle between

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UPbit Receives Preliminary Greenlight From Singaporean Authorities

Leave a Comment / Receives, Upbit / Admin

In spite of previous high-profile disappointments tied to the crypto industry, such as 3AC and the ill-fated investment into FTX, the Singaporean government has been approving quite a few crypto platforms during the past weeks. The latest to get the preliminary nod is the South Korean giant – UPbit. Spree Of Approvals Ripple, Coinbase, and

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