Month: August 2023

[ad_1] The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG). The Ad Hoc Group of Genesis Global Capital (GGC) lenders — represented by lawyers Brian Rosen and Jordan Sazant — on Aug. 29 responded to a public bankruptcy […]

[ad_1] BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals. BlockFi, a defunct cryptocurrency lending company, has filed a […]

[ad_1] The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion, as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white paper seeking to explain the intended function […]

[ad_1] The EOS received a whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA). EOS will start trading on BitTrade in Japan in mid-September. Crypto-asset providers in Japan are monitored and regulated by the JVCEA and FSA under the Payment Services Act. The EOS Network Foundation has announced that the Japan Virtual […]

[ad_1] Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28. The company was previously permitted to serve professional and institutional investors, before being granted Type 1 and Type 7 licenses by the Hong Kong […]

[ad_1] Weild to Join Tritaurian Capital in Working to Advance Dignity Gold Former NASDAQ Vice Chairman David Weild IV to Act as Day-to-Day Advisor to Help Align Dignity Gold Processes and Controls With The Needs of Institutional Investors Dignity Gold, LLC (“Dignity”), a company utilizing security tokens to unlock new ways of investing in the […]

[ad_1] Introduction   If financial markets are an ocean, then liquidity is the water. Although definitions of liquidity vary between the availability of cash and the cash itself, one thing is for certain, just as an ocean cannot exist without water, a market cannot function without liquidity. Meanwhile, the flow of liquidity between markets can […]

[ad_1] Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region. On Aug. 30, Binance said it’s working with licensed transfer processing providers for its new “Send Cash” product that allows users from nine countries to transfer crypto funds directly to bank […]

[ad_1] The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets. On Aug. 30, SEBA Hong Kong said its in-principle approved license would allow it to operate with crypto products such as over-the-counter derivatives, advise […]