wholesale

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:37 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Press Release: TP ICAP announces first live trade through Fusion Digital Assets with GMEX trading and post-trade technology

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Time Stamp: May 24, 2023 8:36 AM - Modified On: May 24, 2023 - Published By:
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Fusion Digital Assets – TP ICAP’s wholesale marketplace for spot cryptoassets – is now live and has successfully completed its first XBTUSD pairs trade with the associated settlement processed by Fidelity Digital Assets℠ London, New York, 24 May 2023: GMEX Technologies (“GMEX”), a subsidiary of GMEX Group, a leader in digital business and technology solutions for capital markets players, exchanges and post-trade market infrastructure, today announced that TP ICAP, the world’s largest interdealer broker, has gone live with its Fusion Digital Assets wholesale cryptoasset exchange, powered by GMEX trading and post trade technology.

Fintech Firm Ebury Partners with Santander Germany

Source Node: https://www.financemagnates.com/fintech/news/fintech-firm-ebury-partners-with-santander-germany/
Time Stamp: November 10, 2021 6:26 AM - Modified On: November 10, 2021 - Published By:
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The financial technology platform, Ebury announced a partnership today with Santander Germany, one of the prominent financial services providers in Germany, to support businesses in the country with international trade.The new partnership has been formed to offer SMEs in the region a comprehensive global financial solution to make international trade simple. Ebury and Santander Germany added that the mentioned partnership has already been successfully tested by a number of clients.Through the latest collaboration, the onboarding process time for clients has been reduced to as little as 24 hours. Ebury is

U.S. Won’t Ban Crypto | This Week in Crypto – Oct 4, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-oct-4-2021/
Time Stamp: October 4, 2021 1:00 AM - Modified On: October 4, 2021 - Published By:
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 The US gives a green light to cryptos, TikTok launches its own NFTs, and can professional crypto traders be outmatched…by a hamster?! These stories and more this week in crypto. The Chairman of the US Federal Reserve, Jerome Powell said that the United States has no intentions of banning cryptocurrencies, including Bitcoin. He still asserted that some digital assets, stablecoins in particular, have to be regulated. This fresh, more optimistic US approach had an immediate positive effect on the entire market at the end of the week. TikTok has

With BlockFi, Celsius under the radar now, what next for crypto-regulations

Source Node: https://ambcrypto.com/with-blockfi-celsius-under-the-radar-now-what-next-for-crypto-regulations/
Time Stamp: September 24, 2021 4:30 AM - Modified On: September 24, 2021 - Published By:
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The New Jersey Bureau of Securities has once again delayed the enactment of the cease-and-desist order it had issued for new interest accounts with crypto-lender BlockFi. The firm announced the extension on Twitter. It is the third time such a delay has come to pass after the regulator initially issued the order back in July. This was followed by a host of other state regulators issuing similar orders against the crypto-firm over its offerings. According to these agencies, these offerings fall under the definition of a security. Now, while BlockFi

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

Source Node: https://ambcrypto.com/bis-partners-with-australia-malaysia-singapore-south-africa-for-cbdc-trials/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

BIS And Swiss National Bank Announce Findings of CBDC Pilot Program

Source Node: https://beincrypto.com/bis-and-swiss-national-bank-announce-findings-of-cbdc-pilot-program/
Time Stamp: December 4, 2020 2:13 PM - Modified On: May 21, 2021 - Published By:
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The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) have released the first set of findings from Project Helvetia, a proof-of-concept experiment that aims to demonstrate that the Swiss franc can be tokenized as a Central Bank Digital Currency (CBDC). Revealed on Dec 3, the BIS claims the results demonstrate the operational feasibility and legal workability of a digital franc used only for interbank settlement on a blockchain testnet. Project Helvetia Background In the works since 2019, the collaboration brought together the BIS, SNB, and financial market

FAANG stocks And Digital Assets Are Flying

Source Node: https://www.bitcoinmarketjournal.com/faang-stocks-and-digital-assets-are-flying/
Time Stamp: August 13, 2020 1:57 PM - Modified On: May 21, 2021 - Published By:
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Which would you prefer, a large pizza split into eight slices, or a large pizza split into 12 slices? A normal, rational person might suggest that it really doesn’t make much of a difference, as it’s really the same amount of pizza. This poor Australian girl, however, will probably never live down the time her “friend” Brad filmed her saying that she’d prefer eight slices, because she couldn’t possibly eat 12 slices of Pizza. Well, today Jen can finally point out that the eternity of new-wave momentum traders are giving

7 Crypto Firms Targeted by 11 Lawsuits in New York

Source Node: https://cointelegraph.com/news/7-crypto-firms-targeted-by-11-lawsuits-in-new-york
Time Stamp: April 5, 2020 2:04 AM - Modified On: May 21, 2021 - Published By:
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Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3.The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright.Eleven lawsuits target seven crypto companiesThe eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the