Three Samsung affiliates agreed to buy a 4% stake in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, Upbit, for a total of 612.8 billion won ($408 million), the Korea Herald reported. Investment bank Samsung Securities is set to take a 2% stake in Dunamu in a 306 billion-won cash transaction, from affiliates of […]
Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of Policy for Europe told CoinDesk on Friday. “We have always said that a rising tide lifts all ships,” said Katie Harries, adding that Coinbase is “not at all” worried about the […]
Polish cryptocurrency exchange Zondacrypto’s problems just keep mounting. Already under fire following reports of frozen or delayed customer withdrawals, the company on Friday drew the ire of Prime Minister Donald Tusk, who told parliament the company had sponsored some politicians who opposed crypto market regulation. Blocking the legislation by some politicians showed they were toeing […]
OKX Ventures and HashKey Capital are backing a new Vietnam-based crypto exchange as Hanoi accelerates efforts to bring one of the world’s most active retail crypto markets under formal regulation. Vietnam Prosperity Crypto Asset Exchange (CAEX) said Friday that the two firms have agreed to invest and become strategic partners alongside founding shareholders VPBank Securities […]
Dubai’s digital assets regulator said cryptocurrency exchange KuCoin has been operating without the necessary regulatory approvals and licensing, and must cease and desist from serving clients in the region. “Kucoin does not hold any licence to provide virtual asset services in/from Dubai. Any activities related to Virtual Assets advertised or conducted by this company are […]
Bitcoin BTC$67,963.04 ETF holders and corporate treasuries – the players everyone praises for their long-term vision – are stacking insurance against price crash below $60,000, cryptocurrency exchange Deribit told CoinDesk. “ETF holders and corporate treasuries are buying 6-month and 1-year puts at $60k or below ($60,000 put, a derivative contract offering protection against potential price […]
The heat is rising on digital asset treasuries in the Far East. Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is considering measures to curb the growth of listed companies that hoard digital tokens as treasury assets, according to Bloomberg. The bourse is exploring actions such as stricter enforcement of backdoor listing rules […]
Deutsche Digital Assets, a Germany-regulated provider of exchange-traded products (ETPs), plans to list an ETP bringing investors exposure to TAO$422.51, a cryptocurrency linked to decentralized artificial intelligence, with the help of Nasdaq Nordic-listed broker Safello (SFL), the firms said on Wednesday. The Safello Bittensor Staked TAO ETP will trade on the SIX Swiss Exchange with […]
BlackRock’s (BLK) bitcoin BTC$111,296.88 exchange-traded product (ETP) started trading on the London Stock Exchange on Monday, the asset manager’s first such product in the U.K., after the Financial Conduct Authority (FCA) lifted its ban on certain bitcoin-based ETPs. The iShares Bitcoin ETP, trading on the London Stock Exchange under the ticker IB1T, allows retail investors […]
Paris-based Lise (Lightning Stock Exchange) has become the first company in Europe authorized to operate a fully tokenized equity exchange, the company said on Thursday. The exchange, which targets the SME IPO market in France, received a DLT TSS license from France’s financial regulator, the ACPR, under the EU’s Distributed Ledger Technology Pilot Regime, according […]
FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange’s implosion nearly three years ago. The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who […]
Gemini, the crypto exchange run by Tyler and Cameron Winklevoss, has boosted the price range for its planned Friday IPO, the company said in an updated S1 filing on Tuesday. The firm now expects to sell 16.67 million shares between $24 and $26 each in the public offering versus the previous range of $17-$19. At […]