Above all, many have questioned whether Prometheum has been accurate in presenting itself as a fully regulated crypto exchange, a claim that supports the SEC’s ongoing enforcement agenda. Despite this self-characterization, Prometheum is not currently operational, and there are major unanswered questions about its path forward. Source CryptoFirmInfoLobbyistsMysteriousPrometheumRegulatedSEC CryptoX Portal
The “regulated crypto exchange” backed Gary Gensler’s viewpoint in front of Congress. But are they for real? Source
Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit (ASIC) miner – a culmination of years of engineering work – around the third quarter of 2024, according to Blockstream CEO and co-founder Adam Back during the company’s first ever media briefing on Tuesday. Source
For Adenza, the acquisition represents a significant milestone in the company’s growth trajectory. Just recently, Nasdaq Inc (NASDAQ: NDAQ), the leading US-based technology firm serving the global financial system announced the acquisition of Adenza, a software application provider. The deal, which is valued at $10.5 billion in cash and common stock, will see the complete takeover of the firm by Nasdaq from Thoma Bravo, an American private equity and growth capital firm. Interestingly, the acquisition is set to have significant implications for both Nasdaq and Adenza. For Nasdaq, the acquisition…
Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets. Source
Chicago-based crypto trading firm, Cumberland, is moving millions worth of Polygon’s native cryptocurrency, MATIC, to Binance and Coinbase. As of June 10, the trading firm had moved $9.8 million MATIC to the two leading cryptocurrency exchanges. Cumberland moving millions worth of polygon tokens According to the web3 data analysis platform, Lookonchain, Cumberland shifted 9 million MATIC tokens valued at $6.3 million into Binance and another 5 million worth an estimated $3.5 million into Coinbase over 7 hours. Cumberland transferred the funds in six small transactions ranging between 1.5 million and…
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers. Original
The need for safekeeping and storage of cryptocurrencies, particularly for institutional customers and high net worth individuals, has driven digital asset custody to prominence, with many flavors on offer and firms commanding high valuations. The issue has also drawn the attention of the U.S. Securities and Exchange Commission (SEC), which has put out proposed rulemaking on custody issues. Source
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“We operate a liquidity marketplace. If you want to buy a channel from anybody that has an offer listed, you can go and do that and compare the prices,” said Shrader. “That’s one piece of it, just provisioning this liquidity. On the other side, the person that’s providing the liquidity, they get some yield out of it.” Original