Crypto Custody Firm Ledger Expands Institutional Footprint in Switzerland and UK

CryptoX – Cryptocurrency Analysis and News Portal “If you think about the technology companies that are offering custody technology, most of LedgerVault’s competitors are in Switzerland,” said Ledger CEO Pascal Gauthier in an interview. “If you look at Swiss banks, they understand custody and cybersecurity better than your average financial institution, and Switzerland is very advanced compared to other places.” Source The post Crypto Custody Firm Ledger Expands Institutional Footprint in Switzerland and UK appeared first on CryptoX. CryptoX Portal

Wolf snaps up Punk, Disney NFTs, Economist mag cover fetches $422K…

The wolf of nonfungible streets Erstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021. Belfort is known for his dodgy antics while working as a stockbroker on Wall Street, with his story being captured in “The Wolf of Wall Street” film starring Leonardo DiCaprio. The 59-year-old has slammed crypto on multiple occasions, and in 2018 he even compared Bitcoin to the level of fraud that his firm Stratton Oakmont used to engage in before he was indicted…

Infrastructure platform Quicknode raises $35M in Series A financing

Quicknode, a Miami based blockchain infrastructure platform, announced the completion of a $35 million Series A round of financing on Wednesday, led by Venture Capital firm Tiger Global. Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano also participated in the round. This follows a $5.3 million seed round back in March, and brings the total investment in the company to just north of $45 Million.  Quicknode was founded by Dmitry Shklovsky, Manuel Kreutz, Auston Bunsen and Alexander Nabutovsky and graduated from Y Combinator in March of…

Shiba Inu Jumps 70% to Surpass Market Value of Robinhood – Where It’s Not (Yet) Listed

He added: “We think it’s the right thing, not just for shareholders and for the company but also for customers to make sure that we, you know, apply the same kind of diligence to any new coins. … We do hear our customers and they want more features, and so we’re going to be working, you know, as fast as we can with the right balance of safety and compliance to make sure that we don’t make missteps here.” CryptoX Portal

FTX Looks to Expand Globally Through Local Partners, Bankman-Fried Says

FTX, the cryptocurrency derivatives exchange juggernaut, plans to keep expanding into new jurisdictions through buying local crypto companies or exchanges, CEO Sam Bankman-Fried said Wednesday on CoinDesk TV. Asked about future acquisitions, the 28-year-old billionaire hinted he may be looking for another LedgerX, which was FTX’s August acquisition. LedgerX, a regulated U.S.-based crypto derivatives firm, is now part of FTX’s American unit, FTX.US. Buying LedgerX allowed FTX to sidestep a grueling registration process in the U.S. “I would not be surprised if [the amount of money that we spend on…

CREAM Finance Exploited In Flash Loan Attack Worth Over $100M

Decentralized finance (DeFi) money market and lending service CREAM Finance appears to have been the target of a devastating exploit Wednesday that drained over $1 billion in funds, likely the largest exploit to date. According to CREAM’s native frontend, most Ethereum-based pools are now empty. The funds appear to have been taken using a flash loan in a notably complex transaction that involved 68 different assets and cost over 9 ETH in gas. At the time of writing the attacker’s contract holds $92 million in various…

A Crypto Whisperer on How Regulators Toss Retail Into the Deep End

CryptoX – Cryptocurrency Analysis and News Portal I think instead of taking the paternalistic Elizabeth Warren approach, of thinking you need to be the nanny here, it would be a lot more prudent were regulators to actually try and be the real cop on the market. They need more sticks and not more carrots. So, actually enforce for dumping on retail. Make sure market manipulation is something they’re able to – I hate the word “punish” – but try to rewrite the rules so it doesn’t happen, including on crypto…

Florida County Miami-Dade to ‘Study Feasibility’ of Paying Taxes With Crypto

Miami-Dade County in Florida has approved a resolution to create a taskforce to study the feasibility of accepting crypto as a form of payment for taxes. The Cryptocurrency Task Force will offer recommendations around other potential policies related to crypto that could prove advantageous, according to an announcement Wednesday. First and foremost, the taskforce will explore how Miami-Dade could accept crypto as a method of payment for taxes, fees and services. The taskforce also intends to meet with Wyoming-based American CryptoFed DAO, the first legally recognized…

FTX buys Super Bowl ad slot to promote crypto to a TV audience of 92M

Cryptocurrency exchange FTX, has secured an advertisement spot in one of the most watched events in America — the championship game of the National Football League, to be held in Feb. 2022 According to a report in Bloomberg, FTX purchased an ad in this year’s Super Bowl LVI motivated by the wide reach of the audience. The Super Bowl is invariably the top rating TV program of the year, and accounts for 28 of the 30 highest rating broadcasts in U.S. TV history. Sam Bankman-Fried, founder and CEO of FTX…