Tag: Digital

Utah Governor approves of blockchain and digital innovation task force

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022, which took nearly two months to pass through several senate, house and fiscal actions before finally being signed by Governor Cox on 24th March. Some of the primary duties assigned to the task force involve making policy recommendations…

Digital Asset Exchange Crypto.com Makes Three Little-Known Altcoins Available for Trading

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Singapore-based exchange giant Crypto.com is rolling out support for three low-cap altcoins. Crypto.com recently announced the listing of the native token for the Akash Network (AKT), a decentralized open-source cloud network that supports decentralized finance, decentralized apps, and decentralized autonomous organizations. The cloud network also supports decentralized machine learning and artificial intelligence. AKT is trading at $0.88 at time of writing. The 308th-ranked crypto asset by market cap is down 13.7% in the past week and down 1.19% in the last 24 hours. Crypto.com is also launching support for FLUX,…

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider – Regulation Bitcoin News

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Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance Becomes a Fully Regulated Crypto Exchange in France Crypto exchange Binance announced Wednesday that it received approval from the French financial regulator, the Autorité des marchés financiers (AMF), to operate as a registered digital asset service provider (DASP). The exchange wrote: Binance is now a fully regulated…

ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals – Finance Bitcoin News

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The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European Central Bank has thrown some light on the regulator’s “preliminary views” on the privacy-related features of the digital euro. It comes as the project to issue a central bank digital…

Argentinian Digital Bank Brubank Includes Crypto Purchases in Its Platform – Bitcoin News

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Brubank, one of the first Argentinian digital banks approved by the central bank of the country, is getting into the cryptocurrency business. The company announced it is now allowing customers to make cryptocurrency investments via its platform, giving them the ability to purchase crypto assets in its app. This is reportedly the second financial institution that is providing these services in the country. Brubank Introduces Cryptocurrency Services Private Banks in Argentina are starting to see the value of offering cryptocurrency services to their customers amidst a crypto boom in the…

Marathon Digital May Start to Sell Some of Its Bitcoins

The miner said on Wednesday, during its earnings results, that its cash on hand was $118.5 million as of March 31, while total liquidity, defined as cash on hand plus available revolving credit facilities, was $218.5 million. The miner plans to reach 23.3 exahashes per second (EH/s) in mining power by early 2023. At the close of Wednesday trading, Marathon’s stock fell about 1% to $17.76 per share. Source

France’s financial authority approves Binance’s registration as digital asset service provider

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The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country. In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step toward allowing the crypto exchange to provide crypto-related services in France including custodying assets, exchanging digital assets for other tokens or legal tender, and operating a digital asset platform. According to the AMF, registration requires checks to ensure “good…

Marathon Digital Beats Q1 Sales, EBITDA Estimates

Marathon Digital (MARA), one of the largest publicly traded bitcoin mining companies, reported first quarter sales of $51.7 million, rising 465% from the year-ago quarter and just ahead of the consensus analyst estimate of $51.5 million, according to FactSet data. Source