Day: February 8, 2023

Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report

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Deutsche Bank’s asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter. Per a Bloomberg report on Feb. 8, DWS Group CEO Stefan Hoops is currently in talks to buy a minority stake in Deutsche Digital Assets, a crypto exchange-traded products provider. It’s also in talks with Tradias, a market maker firm owned by Bankhaus Scheich — a traditional finance market maker. Hoops has been bullish about the opportunities presented in the digital assets space. During a recent earnings call, the executive…

Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey – Exchanges Bitcoin News

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Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization. Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey The global crypto trading sector has quickly reacted to the news of the deadly earthquake that brought destruction to parts of Turkey and the region. Over the past few years, the country became a growing…

Crypto Council for Innovation GC to testify at US Senate ‘crypto crash’ hearing

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United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing scheduled on Feb. 14. At the time of publication, the U.S. Senate Banking Committee’s hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’ had witnesses including Vanderbilt University law professor Yesha Yadav, Duke Financial Economics Center policy director Lee Reiners, and Linda Jeng, a lecturer at Georgetown University Law Center’s Institute for International Economic Law. The hearing will be one of the first in the 118th session of…

Cross-Chain Protocol Stargate Finance’s Token Price Surges Double Digits After Trader Joe Partnership News

Meanwhile, the two largest cryptocurrencies by market capitalization, bitcoin and ether, were recently down roughly a percentage point to hold their most recent support. Bitcoin (BTC) was trading just below $23,000, while ether (ETH) was changing hands above $1,650. The CoinDesk Market Index which measures the overall crypto market performance was also down 1.4% for the day. Source

Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO

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As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions. The ongoing discussion on @Uniswap‘s forum is critical for the multi-chain ecosystem in 2023. TL;DR: Uniswap’s model for x-chain governance will likely become industry standard.…