mreenalda
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11 months agoFTX Debtors and FTX Digital Markets Collaborate to Simplify Bankruptcy Proceedings and Enhance Customer Recovery
In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify…
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11 months agoAnticipation Builds for Spot Bitcoin ETF Approval by January 10
Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale a…
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11 months agoFTX and Bahamas Subsidiary Reach Global Settlement for Customer Reimbursement
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to…
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11 months agoCountries Around the World Embrace Bitcoin as Legal Tender and Investment Opportunity
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano b…
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11 months agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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bob wrote a new post
11 months agoCrypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections
The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social…
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bob wrote a new post
11 months agoOKX Urges iOS Users to Update Immediately for Enhanced Account Protection
A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to…
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11 months agoRevelations of Pre-Mined ETH Distribution Threaten Ethereum's Stability
More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig r…
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11 months agoUK Allows FCA and Bank of England to Launch Digital Securities Sandbox
The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS)…
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11 months agoSwiss Bankers Association Cautious in Response to Finma's Analysis of Credit Suisse Crisis
The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential…
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11 months agoExtradition Approval for Terraform Labs Founder Do Kwon Revoked Due to Procedural Irregularities
The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the…
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11 months agoUBS and Credit Suisse: Bonuses Under Scrutiny
The Swiss financial regulator, Finma, has attributed the downfall of Credit Suisse to its compensation systems. According to a report by Finma, the bank’s bonus system failed to prevent losses or encourage good b…
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11 months agoRipple and Metaco Merger Signals Operational Evolution and Potential Impact on XRP Community
Ripple and Metaco, two companies driving the adoption of the XRPL (XRP Ledger), are joining forces to offer tokenization and digital custody solutions to global banks. The recent appointment of Adrien Treccani,…
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11 months agoHex Trust Integrates MetaMask Institutional to Enhance DeFi Access and Security
Hex Trust, an institutional-grade digital asset custodian, has integrated MetaMask Institutional (MMI) into its platform to provide users with direct access to over 17,000 decentralized finance (DeFi) applications.…
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11 months agoUBS Strives to Make a Mark in US Investment Banking
The UBS, a Swiss bank, aims to establish a stronger presence in the US investment banking sector, but it currently plays second fiddle to Wall Street giants. Despite its ambitions, the UBS acknowledges that it will…
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11 months agoMajor Financial Firms Accelerate Blockchain Adoption in Traditional Finance
Major financial firms such as JPMorgan and HSBC are increasing their involvement in blockchain technology, signaling a growing acceptance of distributed ledger technology (DLT) in traditional finance. In November,…
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11 months agoBitcoin ETF Applicants Shift to Cash Redemption Model to Comply with SEC Regulations
Major applicants for a spot Bitcoin exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators. Investment manager…
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11 months agoCredit Suisse Crisis Report Calls for Stronger Regulation and Sanctions
The Swiss Financial Market Supervisory Authority (FINMA) has released its report on the Credit Suisse crisis, calling for more sanctioning powers, stricter regulatory standards, and the ability to impose additional…
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11 months agoBlackRock Files Updated Proposal for Bitcoin ETF, Boosting Approval Hopes
The world’s largest asset manager, BlackRock, has filed an updated proposal for a spot Bitcoin exchange-traded fund (ETF) in the hopes of securing approval from the Securities and Exchange Commission (SEC). The r…
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11 months agoBlackRock's Revised Bitcoin ETF Proposal Boosts Approval Prospects
BlackRock, the world’s largest asset manager, has filed a revised proposal for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The update includes the i…
