People familiar with the matter told Bloomberg that Stefan Hoops, the CEO of the division, known as DWS Group, has entered into negotiations to buy a minority stake in Deutsche Digital Assets, a provider of exchange-traded products, as well as trading firm Tradias, which is owned by leading securities trading bank and market maker, Bankhaus Scheich. Source
Tag: Bloomberg
Binance APAC Head Suggests Full Audit of the Crypto Exchange Isn't Happening Soon: Bloomberg
Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility. Source
Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX: Bloomberg
The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage. Source
US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about its connections to the collapsed crypto exchange, saying the firm’s previous responses to similar questions in December were “evasive and incomplete.” Source BankBloombergCryptoFTXPressSenatorsSilvergateTies CryptoX Portal
Scaramucci’s SkyBridge Capital Lost 39% Last Year: Bloomberg
The investment firm’s crypto bets included now bankrupt FTX, which owned a 30% SkyBridge stake Source
Moody’s Developing Scoring System for Stablecoins: Bloomberg
The move comes as the quality of stablecoin reserves continues to receive scrutiny. Source
Irish Central Bank Chief Calls for Ban on Crypto Advertising: Bloomberg
Gabriel Makhlouf said crypto has “no social value whatsoever” during a parliamentary session in Ireland on Wednesday. Source
Binance Mistakenly Mixed Crypto Exchange’s Client Funds With B-Token Collateral: Bloomberg
Binance, the world’s largest crypto exchange by trading volume, mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported, citing an unidentified Binance spokesperson. Source
Fidelity-Backed Exchange OSL Cuts Workers Amid Ongoing Crypto Winter: Bloomberg
The number of layoffs at the Hong Kong crypto exchange was not specified. Source
Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg
Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down. Source