“Now that we have been granted the license, we have achieved an important milestone. This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the foundation for supporting our customers in the areas of digital assets,” Dr. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank said in a press statement. Source
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
The price of Ethereum (ETH) exhibited superior performance compared to Bitcoin (BTC) in the previous week, mostly because of the registration of Blackrock’s Spot ETF, which instilled optimism that ETH will surpass its previous peak in 2023 and exceed $2,500. In a groundbreaking twist since the Ethereum (ETH) Shanghai upgrade earlier this year, the value of Ether has triumphantly surpassed the $2,000 milestone, propelled by the recent surge in Bitcoin (BTC) towards the $38,000 mark. Ethereum Breaks Past $2K At the time of writing, ETH was trading at $2,054, up…
The German bank Commerzbank has been granted a crypto custody license by local regulators, according to an announcement released by the lender on Nov. 15. Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of the German Banking Act (KWG). This allows it to offer custody of crypto assets and will enable it to offer “further digital asset services.” Dr. Jörg Oliveri del Castillo-Schulz, the chief operating officer of Commerzbank, said that acquiring the license is an “important…
Making financial decisions can be a daunting task, especially if you’re just starting out, but the same applies to even the most experienced. The simple answer is: You can’t auto-pilot investing and expect to profit. One way, however, that is changing the game for investors in particular is the availability of smart analytics, which gives indicators and data on all kinds of motives, allowing investors to make more informed decisions about their financial future. Three important areas that may influence financial decisions It is important to know that there are…
The initiative, NHL Breakaway, was announced in conjunction with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet, as well as the Tezos standard for NFTs. Terms of the arrangement between the NHL and Sweet weren’t disclosed. Source
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Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback after the United States District Court for the Southern District of Florida rejected a request for class certification by the plaintiffs on Nov. 13, 2023. Chief Judge Cecilia Altonaga said that after thoroughly considering the written submissions, record and relevant law, the plaintiffs’ motion was rejected because they could not persuade the court that issues of individualized reliance would not be prevalent. Robinhood is a platform that provides commission-free trading for stocks, exchange-traded funds, options…
Binance Labs, the venture capital arm and incubator arm of crypto exchange Binance, said on Nov. 15 that it has invested in ARKM, the native token of the “deanonymizing” blockchain platform Arkham. The company said in a blog post on the website that the investment aims to support “on-chain insights at scale across the blockchain ecosystem.” “Arkham’s proprietary technology advances how on-chain intelligence is produced and shared,” Binance Labs investment director Alex Odagiu told Cointelegraph. The platform allows individuals or organizations to do their own research, in addition to enabling users to participate in…
As part of the partnership, OKX will play a pivotal role as a core contributor to Polygon CDK while allocating significant engineering resources to boost the technology stack of Ethereum scaling solutions. On Tuesday, November 14, OKX announced that it is introducing a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology, developed in collaboration with the Polygon Chain Development Kit (CDK). Additionally, OKX will play a pivotal role as a core contributor to the Polygon CDK. X1 shall function as OKX’s latest native network, linking its extensive user base of…