Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

CFTC to Propose Strengthening Regulations to Safeguard Customer Funds
CFTC to Propose Strengthening Regulations to Safeguard Customer Funds
November 09, 2023  |  Cryptocurrency

The Commodity Futures Trading Commission (CFTC) is reportedly working on a draft proposal to enhance regulatory defenses and protect client funds. Coming in response to last year’s...

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Celsius Bankruptcy Case Comes to a Close
Celsius Bankruptcy Case Comes to a Close
November 09, 2023  |  Cryptocurrency

Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its...

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Standard Chartered and SBI Create $100 Million Crypto Investment Firm
Standard Chartered and SBI Create $100 Million Crypto Investment Firm
November 09, 2023  |  Cryptocurrency

Standard Chartered Ventures and SBI Holdings are forming a $100 million company to back cryptocurrency startups. The new venture will be based in the United Arab Emirates (UAE)...

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Unable to Hold Their Pegs, Stablecoins Prove Anything but Stable
Unable to Hold Their Pegs, Stablecoins Prove Anything but Stable
November 09, 2023  |  Cryptocurrency

The hallmark of stablecoins has been instability. In a paper published this week by the Bank of International Settlements (BIS), the analysis shows that with a...

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FTX’s Possible Suitors Include Ex-NYSE Head
FTX’s Possible Suitors Include Ex-NYSE Head
November 08, 2023  |  Cryptocurrency

By this time next month, FTX could have a new owner. And among the three bidders for the bankrupt cryptocurrency exchange is a company headed by Tom Farley,...

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Onafriq Partners With Ripple to Open Payments Corridors to Africa
Onafriq Partners With Ripple to Open Payments Corridors to Africa
November 08, 2023  |  Partnerships

Onafriq, formerly known as MFS Africa, has partnered with Ripple to boost the speed and efficiency of payments between Africa and several new markets. With...

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Fed’s Barr Calls for ‘Strong Federal Regulation of Stablecoins’
Fed’s Barr Calls for ‘Strong Federal Regulation of Stablecoins’
November 07, 2023  |  Regulation

A leading financial regulator in the United States is issuing a warning about stablecoins. Michael Barr, vice chair for supervision at the Federal Reserve, told...

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SBF Conviction Could Fuel FTX Celebrity Lawsuits
SBF Conviction Could Fuel FTX Celebrity Lawsuits
November 07, 2023  |  Legal

The criminal case against FTX founder Sam Bankman-Fried reached its climax last week. The civil cases involving his former company, however, are ongoing. Bankman-Fried’s conviction...

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Report: Proof Group Among Bidders to Relaunch FTX Crypto Exchange
Report: Proof Group Among Bidders to Relaunch FTX Crypto Exchange
November 06, 2023  |  Cryptocurrency

Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX,...

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