Tag: Digital

Wall Street mainstays setting up digital assets exchange with on-chain settlement

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Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors.  The new exchange will be backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released on Tuesday. Jamil Nazarali has moved from Citadel Securities, where he was global head of business development, to the exchange as its CEO. The EDXM board of directors, made up of representatives of…

Wall Street mainstays setting up digital assets exchange with on-chain settlement

boss

Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors.  The new exchange will be backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released on Tuesday. Jamil Nazarali has moved from Citadel Securities, where he was global head of business development, to the exchange as its CEO. The EDXM board of directors, made up of representatives of…

Linux Foundation Project Will Tackle Digital Wallet Interoperability

Founded in 2000, The Linux Foundation and its projects are backed by more than 3,000 members such as tech giants Intel, Microsoft, Google and Meta Platforms. Blockchain-related members include storage platform 0Chain, Algorand and enterprise-optimized blockchain developer Casper Labs, according to the foundation’s website. The Linux Foundation is behind the popular open-source operating system Linux and Hyperledger, a nonprofit focused on the development of enterprise-grade blockchain infrastructure. Source

BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former’s acquisition. BitGo took to Twitter on Tuesday to disclose details of its lawsuit against Galaxy after the latter terminated the $1.2 billion acquisition deal with BitGo in mid-August. Filed on Monday, the lawsuit seeks more than $100 million in damages, accusing Galaxy of “improper repudiation” and “intentional breach” of its acquisition agreement with BitGo, the firm said. BitGo said they filed the lawsuit with Delaware Chancery Court, stressing that the…

Crypto Custody Firm BitGo Files $100M Lawsuit Against Galaxy Digital For Breaching Merger Agreement

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

Is the Rise of Digital Real Estate Worth the Hype? Insights into 3 of the biggest Metaverse Projects

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Picture this! It’s the mid-1980s. The internet, which was going to connect everyone around the world and revolutionize how they communicated, had just started, and everyone wanted a part of it. Fast forward to the early-mid 2000s, Facebook, Twitter, Flickr, and Tumblr had just arrived on the scene, and social media was born. Today, the Metaverse is the new kid on the block, and it just seems like people can’t stop talking about how it is redefining the digital real estate landscape and how it will change how we interact…

Crypto Custody Specialist Anchorage Digital Offers Japanese Yen Stablecoin

Stablecoins such as USDT and USDC have become cornerstones of crypto and the catalysts for new trading paradigms such as decentralized finance (DeFi). But non-crypto natives are now realizing the wider possibilities of stablecoins, and the expansion of use cases is particularly visible when it comes to offering regulated stablecoins in a local currency such as the Japanese yen, according to Anchorage co-founder Diogo Mónica. Source

Digital Wallet Provider MetaMask Allows Crypto Purchases With Brazilian Reals

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Abra announces plans for US bank supporting digital assets

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Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets. In a Monday announcement, Abra said the bank, named Abra Bank, would be regulated to operate within the U.S. and give customers the ability to use digital assets in seemingly the same way as fiat at traditional banks. The company also planned to launch Abra International, a digital asset-focused business based outside the U.S. “The best way to become the default Web3 wallet and crypto bank for…

How adoption of a decentralized internet can improve digital ownership

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Known as Web2, the current iteration of the internet emphasizes creating and distributing user-generated content. Websites like YouTube, social media apps like Instagram and Twitter, news sites, personal blogs and more make up a large part of the internet. Web2 is a step up from Web1, which was mainly a read-only web version filled with simple static websites. Web3 aims to bring decentralization and token-based economies to the internet. Web2 versus Web3 The development of several different web protocols at the beginning of the twenty-first century made it possible for…