Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans
Marvel Characters is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation Wakanda from Black Panther.
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Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage ‘Surge’
The Central Bank of Nigeria reversed its prohibition on local banks and financial institutions serving crypto firms in a move that is likely to spur the use of cryptocurrencies in one of the world's fastest adopters of digital assets.The decision, announced last week, rescinds a 2021 directive against institutions facilitating cryptocurrency transactions. At the time
India’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court Filing
Jan 21, 2020 at 10:35 UTCIndia’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court FilingThe Reserve Bank of India (RBI), the nation's central bank, has explained that it "ringfenced" financial institutions from dealing with cryptocurrencies over a range of perceived risks.In a response to a petition from the Internet and Mobile…
Choppy Bitcoin Price Action Continues Ahead of Friday’s Jobs Report
The price of bitcoin (BTC) remained below $66,000 late in the day during U.S. trading hours Wednesday after a couple of modest rallies were met with quick selling action.At $65,800 at press time, bitcoin was flat over the past 24 hours. Dragged down by 10% declines in bitcoin cash (BCH) and litecoin (LTC) the broader
Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale
news Ground X, the blockchain subsidiary of South Korean messaging giant Kakao, has raised $90 million in a private coin offering. As reported by Bloomberg on Monday, Ground X CEO Jason Han said that IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round. The firm is also reportedly planning to raise…
Ex-Bankers Offer First Hot Wallet for Institutional-Grade Crypto Finance
news Trustology, the digital asset custody provider built by former bankers from UBS, BNY Mellon and Bank of America, has released a custodial wallet designed to brave the gamut of decentralized finance (DeFi). The first version of the wallet, a suite of technologies called TrustVault, looked like a straightforward crypto wallet phone app, but behind the scenes,…
BitGo Hires Former Wall Street Forex Trading Exec
news Crypto custody provider BitGo has hired Nick Carmi, former head of forex trading at a number of Wall Street banks. Carmi became BitGo’s head of financial services, joining the company after working at Tower Research Capital, an asset management firm where he was a global head of the fixed income instruments, currencies, and commodities business. It…
The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection
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Litecoin Is Undervalued, Onchain Indicator Suggests
An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices.Litecoin's market value to realized value (MVRV) Z-score was negative at press time. A sub-zero score indicates the cryptocurrency is undervalued relative to its fair value, according to analytics firm Glassnode.The market capitalization is calculated by multiplying…