Ripple Labs’ payments platform is expanding into Southeast Asia as the crypto firm partners with a prominent Japanese financial services titan. According to a new press release, Ripple Labs is collaborating with SBI Remit, the remittance arm of SBI Group to provide international remittances to the Philippines, Vietnam, and Indonesia using the digital asset XRP. …
Monthly archives: September 2023
Change to US accounting rules will be a boon to companies holding crypto in 2025
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility. News Join us on social networks The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The …
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Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF
The two firms currently have a spot Bitcoin exchange-traded fund being reviewed by the SEC and recently proposed listings of two Ether futures ETFs. News Join us on social networks Amid the United States Securities and Exchange Commission (SEC) delaying a decision on ARK Investment Management’s spot Bitcoin exchange-traded fund (ETF), the firm has proposed an …
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Genesis sues parent company DCG, other affiliate for $600M loans, then stays action
DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted. News Join us on social networks Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in …
VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest
Orbital, ZTX, Stroom Network, unshETH and Fxhash highlight the latest funding deals from the world of crypto and blockchain. News Join us on social networks The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from …
FTX reorganizing on-chain assets by bridging tokens, consolidating holdings
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Fading Bitcoin open interest might hint at imminent market stability
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Ark, 21Shares apply for spot Ethereum ETF
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Tornado Cash developer pleads not guilty to charges of conspiracy, money laundering
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Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence
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Japan’s SBI Group partners with Ripple, but XRP price remains unaffected
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Hash rate decline corresponds to decrease in Bitcoin’s difficulty adjustment
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Binance Exodus Gathers Pace as Eastern Europe, Russia Executives Leave
Binance is losing two more senior executives as the world’s biggest crypto exchange mulls an exit from the Russia market. Gleb Kostarev, head of Eastern […] Go to Source
Singapore Is Most Crypto-Friendly Destination, Report Says
Singapore is the world’s most crypto-friendly place with flexible tax laws, high levels of adoption and offers of citizenship to foreigners, a new report says. […] Go to Source
Spot Bitcoin ETF Approval To Trigger ‘Enormous Inflows,’ Reckless Not To `Aggressively Accumulate BTC,’ Report Says
Approval of spot Bitcoin exchange-traded funds (ETFS) will trigger ‘enormous inflows’ and it’s thus reckless of investors not to `aggressively accumulate BTC’ at current prices. […] Go to Source