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Digital Currency Group (DCG) is Closing Down TradeBlock
Digital Currency Group (DCG), the parent company of CoinDesk is closing down its trade execution and prime brokerage services unit, TradeBlock, citing crypto winter and regulatory uncertainties. The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk. TradeBlock was acquired in 2020 by CoinDesk, and was …
Read More »Platinium Group is Release NFT F1 Tickets
Elie Zerbib, Co-Founder of Bary told CoinDesk that NFTs in the form of tickets offer buyers transparency, traceability, seamless digital ticketing, personalization and engagement. However, for a sport that has amassed fans from all over the world, easy onboarding is an essential tenet. Source link
Read More »Former Director of Listing of Crypto Exchange Coinone Acknowledges South Korea Bribery Charges: Report
“Mr Jeon,” Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such as “Furiever Coin,” which was listed exclusively on the exchange, and has since been linked to a kidnapping and murder investigation in the Gangnam district in Seoul. Jeon’s broker, known as “Mr Ko,” is accused of …
Read More »EU Securities Watchdog ESMA Warned Investment Firms to Clearly State Crypto Is Unregulated Ahead of New MiCA Rules
The EU’s Markets in Crypto Assets regulation (MiCA) is set to bring MiFID-style rules to the sector, but the regime will only take effect in around 18 months. In the meantime, ESMA, a Paris-based agency that groups and coordinates national regulators, is worried some companies are encouraging and exploiting the ambiguity. Source link
Read More »Milady NFTs Underwent the Dogecoin Treatment Following Elon Musk Tweet
Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. Source link
Read More »The Invisible Hand Restricting Bitcoin and Ether Price Swings
Hedging activity of market makers, who are always on the opposite of investors’ trade, seems to have kept prices rangebound off late. Source link
Read More »USBTC Aims to Become Bitcoin (BTC) Mining Giant After Deal to Buy Celsius Assets
Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the “exclusive operator” of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs, the firm …
Read More »First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers' Make Progress in Debt Limit Negotiations
ALSO: Graphics-chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining, but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence technology, which is rising in importance. Source link
Read More »Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success. Source link
Read More »U.S. Presidential Candidate Vivek Ramaswamy Takes Potshot at Ron DeSantis Bitcoin $BTC Remark
“Since the time I wrote Woke, Inc.,” Ramaswamy explained, “DeSantis has studied it and he has adopted many of the proposals as his own, and I think that’s a good thing. I’m not sure he has the same understanding of it that I do, be it central bank digital currencies or Bitcoin. But that’s okay. He’s saying the right things.” …
Read More »Digital Currency Group (DCG) Closing Institutional Trading Platform TradeBlock
The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk in an emailed statement. “Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S., we made the decision to sunset the institutional …
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