Category: Exchanges

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

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The crypto exchange-traded fund (ETF) provider 21Shares is now trying to launch an XRP-focused ETF in the United States. The firm filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) on Friday. The proposed product, called “the 21Shares Core XRP Trust,” is a passive investment vehicle that tracks the price of the payments altcoin. 21Shares isn’t the first firm to try to get the crypto product off the ground. Bitwise Asset Management, the largest digital asset index fund manager in the US, filed an initial registration…

JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission

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JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary duty and prohibited trades. Customers who invested in the bank’s “Conduit” products will receive $90 million from the bank directly, and the bank will pay an additional $10 million to a civil fund that will also…

Kenyan Securities Exchange Joins Hedera to Bolster Tokenization Ambitions

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The Nairobi Securities Exchange has joined the Hedera Council to accelerate tokenization initiatives in Africa, leveraging the Hedera network’s technology and global reach. Expediting Uptake of Digital Assets Kenya’s main securities exchange, the Nairobi Securities Exchange (NSE), has joined the Hedera Council to accelerate tokenization initiatives using the Hedera network. By joining Hedera, the Kenyan […] Source

BTC Prices Take Breather as Exchange-Traded Funds Record Another Day of Monster Inflows

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A breather in the market from a wider pump earlier in the week came amid a second straight day of strong inflows for U.S. bitcoin exchange-traded funds (ETFs). The ETFs recorded over $893 million in inflows on Wednesday after taking in $879 million on Tuesday, the first back-to-back inflows of more than $850 million. Cumulative net inflows since their introduction in January now total $24 billion, according to data tracked by Farside Investors. Source

FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

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Singh, 29, who pleaded guilty to six criminal counts including wire fraud and conspiracy in February, is the fourth FTX executive to be sentenced for his role in the fraud. Bankman-Fried was sentenced to 25 years in prison in March for his role as ringleader. Former FTX Digital Markets CEO Ryan Salame, who did not testify against Bankman-Fried, recently began serving his 7.5 year prison sentence. And Caroline Ellison, former Alameda Research CEO and one-time girlfriend of Bankman-Fried, was sentenced to two years by the same judge, District Judge Lewis…

FBS Research Examines Cryptocurrency's Impact in Hyperinflated Economies

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FBS, a leading global broker, explores the essential role of cryptocurrencies in hyperinflated economies. In the recently published article, FBS experts analyze the benefits of digital currencies in countries like Venezuela, Argentina, Zimbabwe, Nigeria, and Brazil, where national currencies continue to suffer rapid devaluation. As inflation surges in these regions, digital currencies are recognized for their potential to preserve wealth and facilitate transactions outside traditional banking systems. According to FBS analysts, cryptocurrencies offer a flexible, accessible solution, particularly for those facing restrictions on foreign exchange. The adoption of cryptocurrencies —…

Ginoa to List on MEXC Global Exchange on October 31, 2024

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PRESS RELEASE. Ginoa, a pioneer in AI-driven solutions for NFTs and the Metaverse, is excited to announce its upcoming listing on MEXC Global Exchange on October 31, 2024. This significant milestone will bring Ginoa’s innovative platform and GINOA token to a global audience, enhancing both liquidity and accessibility. The MEXC listing represents a major step […] Source

Binance Launches New Crypto Exchange-Based Platform for Wealth Managers and High Net Worth Clients

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The leading crypto exchange by trading volume is launching a new platform built with high-net-worth clients in mind. According to a new press release, Binance is launching “Binance Wealth,” a platform tailored to wealth managers. “Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations, allowing their clients to receive strong support during onboarding and thereafter while retaining full discretionary control, akin to traditional wealth management.” As the name suggests, the new platform will aim to target wealth managers, though it does not set…

Crypto Exchange OKX Announces ‘Milestone’ Partnership With Investment Bank Standard Chartered

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The fourth-largest crypto exchange by trading volume is announcing a new partnership with a prominent international banking giant. In a new announcement, OKX says it is collaborating with Standard Chartered with the aim of enhancing custodial solutions for institutional clients. “Today we were pleased to announce that we’ve officially partnered with Standard Chartered, a leading international cross-border bank, as our third-party crypto custodian for institutional clients. This milestone reflects our commitment to security, innovation, and the future of digital assets.” According to the press release, Standard Chartered will act as…