Day: December 20, 2022

Rivian (RIVN) Stock Price Forecast 2023: Coinspeaker Advent Calendar

Despite the threats of competition and the Fed’s hawkish monetary policies, Rivian has created a niche for itself and this presents it as a viable stock to hold for the long term. Dear readers, welcome to another exciting episode of our Coinspeaker Advent Calendar. Today, we take you into the world of Rivian Automotive Inc (NASDAQ: RIVN), an American electric vehicle manufacturer and automotive technology company founded in 2009. In a whole lot of ways, Rivian now stands out as one of the innovative Electric Vehicle (EV) startups with a…

Busan city drops global crypto exchanges from its digital exchange plans

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Busan, the blockchain city of South Korea, has moved a step closer to forming a local crypto exchange, but it has dropped most of the global centralized exchange partners. The drastic decision comes in the wake of the recent colossal failure of centralized exchanges. The city announced the steering committee comprising 18 local blockchain experts but none of the five exchanges that had agreed earlier this year to assist the city in establishing its first official digital asset exchange. The five exchanges included Binance, Crypto.com, Gate.io, Huobi Global and FTX.…

World Cup Win Not Enough To Save Argentina Fan Token From Losing 50% In Value

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After beating France in the dramatic final of the 2022 Soccer World Cup in Qatar on Monday, Argentina won its third world title. The win that Argentina achieved is destined to go down in history as a momentous event. But, despite the dramatic victory, the country’s fan token ARG shed nearly half of its value, trading for as low as $2.68 from over $6, down 24% in the last 24 hours, data from Coingecko shows. The European soccer token lost 49.5% of its value. market cap likewise decreased by half – from…

Fireblocks Receives First CCSS Certificate Globally

The CCSS certificate is the gold standard for the security of digital asset management. Digital asset management firm, Fireblocks, has received the first Cryptocurrency Security Standard (CCSS) certificate after an audit by Confide. Following weeks of in-depth audits of its people, processes, and systems, Fireblocks received a level-three certification for compliance with the CCSS. According to the chief auditor, Marc Krisjanous from Confide, “Fireblocks went above and beyond the CCSS Level 3 requirements.” Deloitte confirmed that only companies with several actors for all-critical operations, advanced authentication mechanisms to ensure data…

‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition – Bitcoin News

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FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed off for an extended period of time and had to be shaken awake by an official. SBF’s Day in Court After Close to a Week in Fox Hill Prison Doesn’t Go so Smoothly According to a number of reports on Monday, Sam Bankman-Fried (SBF) was transferred back to Fox…

Disgraced FTX Founder Agrees for US Extradition

SBF’s lawyer said that his client wants to put the customers right, and that is what has driven his decision and agreement to US extradition. On Monday, December 19, Sam Bankman-Fried – the disgraced founder of crypto exchange FTX – was sent back to the Bahamas jail after a chaotic courtroom scene. As per multiple reports, the former FTX CEO has agreed to the extradition to the US to face charges. Over the last weekend, the first reports suggested that SBF would consent to the US extradition. However, on Monday,…

CoinShares Moves Its Trading Venue to Nasdaq Stockholm

CoinShares believes that the change in trading venue to Nasdaq Stockholm will give them increased visibility and investor exposure. On Monday, December 19, one of Europe’s largest standing crypto investment firms CoinShares announced a change in its listing venue to Nasdaq Stockholm. Note that the admission of CoinShares stock for trading on Nasdaq Stockholm doesn’t mean the issuance of new shares. Decision of CoinShares to Choose Nasdaq Stockholm For now, it just means a change in the trading venue for the crypto investment firm. CoinShares believes that the change in…