The “major investors” in OPNX, a new exchange for trading bankruptcy claims founded by the people behind failed crypto hedge fund Three Arrows Capital (3AC), include high-profile firms including Susquehanna International Group (SIG) and DRW, the company tweeted Friday. Source
CryptoX – Cryptocurrency Analysis and News Portal Bankruptcy claims exchange OPNX is backed by the likes of Susquehanna (SIG), AppWorks and the venture capital arm of DRW trading. Original Source The post Susquehanna Among Backers of Bankruptcy Claims Exchange OPNX appeared first on CryptoX. CryptoX Portal
The EU’s advantage over the U.K. when it comes to crypto regulations may just boil down to the fact that the former has managed to finalize its approach and offer clarity. The U.K.’s approach comes with a period of “uncertainty,” because rules are yet to come out, said Rhiannon Butterfield, policy advisor on payments and innovation at London-based lobby group U.K. Finance, in an emailed statement. Source
Abu Dhabi’s crypto and blockchain businesses are expected to grow exponentially and attract international investors, more so from the United States. The registration authority of Abu Dhabi Global Market (ADGM) has issued a consultation paper seeking feedback on its proposed new framework for distributed ledger technology (DLT) market and token issuance. The regulatory authority has set Friday, May 12 as the deadline for providing feedback on the proposed legal framework. Afterward, the regulatory agency will review the feedback and later the ADGM Board of Directors will present the final form…
According to the CEO of the consumer goods mainstay, Procter & Gamble retains the right strategies to deliver balanced growth. On Friday, April 21, Procter & Gamble (NYSE: PG) reported its fiscal Q3 2023 earnings, which showed the company beat estimates. The multinational consumer goods corporation’s quarterly earnings and revenue came in better than expected, with higher prices counterbalancing lower demand for its products. Following this commendable performance, P&G raised its fiscal 2023 sales guidance and revenue forecast. P&G’s shares were up 2% in premarket trading after the company raised the organic sales…
Ripple (XRP), a blockchain-based payments platform, has expressed excitement about its continued growth in the European Union (EU) due to the bloc’s progressive approach to cryptocurrency regulation. This contrasts with the United States, where the focus remains on enforcement instead of clarity. According to a Twitter post by Susan Friedman, who is a policymaker in the house of Ripple, the EU has taken a big leap forward in providing a sensible and progressive regulatory framework for the crypto industry, and Ripple intends to take advantage of this positive environment to…
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules for the crypto space were given the final green light by the European Union’s legislature. The set, known as Markets in Crypto Assets (MiCA), was passed with 517 votes in favor, 38 against, and 18…
On May 2 at 10 a.m. PT, the Ekos Genesis Art Collection will kick off a Dutch auction of 995 1/1 NFTs. The date holds special significance for Maisel, as it marks the 15th anniversary of the theatrical release of “Iron Man,” the movie that kicked off the Marvel Cinematic Universe. The Dutch auction will last 88 minutes and bidding will start at 10 ether (ETH), then drop by 0.5 ETH every four minutes until the price hits 0.5 ETH. Finally, it will drop to 0.2 ETH for the final…
Fresh data from Glassnode demonstrates that Bitcoin’s (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors. James Check, lead analyst at Glassnode, told Cointelegraph that the median fee rate, or the fee charged per 1 BTC sent across the Lightning Network, is currently 3,000 Satoshis (the smallest unit of Bitcoin). That is “equivalent to $0.84 to send $28,800 worth of…
For the Twitter Blue subscription, only individuals retain the Blue Check while organizations that subscribed to the service will be given a yellow tick. Yesterday was a historic day for American multinational micro-messaging platform Twitter Inc as it striped its previously verified users of their Blue check marks. While the move has been tagged by many critics as a rude and dangerous precedent to set, the removal of the Blue Checks has been lauded by proponents in one of the hottest debates in the history of the social media ecosystem.…