One of the top US-based crypto exchanges is expanding globally into major European financial hubs. According to a new press release, Kraken Exchange has secured an E-Money Institution (EMI) registration with the Central Bank of Ireland, as well as a Virtual Asset Service Provider (VASP) registration with the Bank of Spain. Ireland’s EMI license will allow …
Monthly archives: September 2023
Crypto lender BlockFi gets court nod to repay customers
The approval is seen as a milestone moment for BlockFi’s over 100,000 creditors, who have been long awaiting repayment. News Join us on social networks The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy …
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Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. News Join us on social networks The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and …
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SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January
The commission gave itself an additional 60 days to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange, with a final deadline set for Jan. 10. News Join us on social networks The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach …
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Court rules on admissibility of evidence in Sam Bankman-Fried’s upcoming criminal trial
In a Sept. 26 filing, Judge Lewis Kaplan, presiding over the criminal case against Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, issued rulings on the admissibility of certain types of evidence in his forthcoming criminal trial. Judge Kaplan began by ruling that government prosecutors are permitted to introduce direct evidence of Bankman-Fried’s alleged …
Lawmakers from both parties urge Gensler to approve spot Bitcoin ETF ‘immediately’
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
First-ever 80/20 investor split in Bitcoin market shines a spotlight on long-term holding
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Pudgy Penguins strikes major IP and merchandising deal with Walmart
Pudgy Penguins has announced a merchandising deal with retail giant Walmart that will introduce its IP to the megastore’s shelves in over 2,000 stores. The Pudgy Toys—plush collectibles that will now be sold alongside legacy brands in Walmart’s brick-and-mortar stores—will offer access Pudgy World, a digital social experience on zkSync Era. Said Luca Netz, CEO …
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Crypto lender BlockFi gets court nod for plan to repay customers
The approval is seen as a milestone moment for BlockFi’s 100,000-plus creditors, who have been long awaiting repayment. News Join us on social networks The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy Judge …
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Pantera Capital Says One Ethereum Layer-2 ‘High on the List’ of New Crypto Opportunities
Digital assets-focused investment firm Pantera Capital thinks one Ethereum (ETH) layer-2 scaling solution should sit “high on the list” for fundamentals-focused investors looking for projects that have made recent traction in the crypto sector. Cosmo Jiang, a portfolio manager at Pantera, notes in a new analysis that Arbitrum (ARB) has taken “meaningful market share” in …
Bitcoin Censorship? BlackRock and Big Institutions Could Take Over BTC Mining Ecosystem, Warns Bloomberg Analyst
Bloomberg crypto market analyst Jamie Coutts says that Bitcoin (BTC) may be at risk of being taken over by the powerhouses of the legacy financial system. Addressing his followers on social media platform X, Coutts shares data showing that BlackRock, the world’s largest asset manager, began getting proxy exposure to Bitcoin in 2020 via shares …
British Man Reveals $2,100,000 Loss From Downfall of Crypto Exchange FTX: Report
One British man reportedly lost millions of dollars when the now-defunct crypto exchange FTX imploded in November. According to a new BBC report, Sunil Kavuri may have suffered the largest amount of investment losses from the FTX scandal than any other British citizen. Kavuri tells the BBC that he started worrying about his crypto investments …
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JPMorgan’s Chase Bank Announces Ban on Crypto Transactions in UK, Citing Increase in Scams Targeting Customers: Report
Financial giant JPMorgan’s Chase Bank in the UK is reportedly banning transactions to crypto platforms, referring to an uptick in scams targeting its customers. According to a new report from Reuters, the crypto ban at Chase will go into effect on October 16. Says a Chase spokesperson, “We’ve seen an increase in the number of crypto …
US lawmakers call on SEC chair to approve spot Bitcoin ETFs ‘immediately’
The members of the House Financial Services Committee are expected to question Gary Gensler during a Sept. 27 hearing on SEC oversight. News Join us on social networks Four members of the United States Congress are requesting Securities and Exchange Commission (SEC) chair Gary Gensler “immediately” approve the listing of spot Bitcoin (BTC) exchange-traded funds, …
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Crypto Giant Coinbase Holds Nearly $25,000,000,000 in Bitcoin (BTC) Reserves, Says Analytics Firm Arkham
Top US crypto exchange Coinbase holds almost $25 billion worth of Bitcoin (BTC) in reserves, according to blockchain intelligence firm Arkham. Arkham says those holdings make the exchange the largest Bitcoin entity it has tabulated. According to Arkham, Coinbase holds nearly 5% of the BTC in existence, roughly the same amount as Satoshi Nakamoto, the …