Turmoil over the leadership of the Brazilian Development Bank may pose challenges to cryptocurrency trials. On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president. Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique […]
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A 46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency. 46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency, Bloomberg reports on June 21. Per the report, McDonnell — who calls himself the […]
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Igor Sechin, the head of Rosneft, believes that barrels of oil could one day be paid for using cryptocurrencies. The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6. Igor Sechin said the industry’s acceptance […]
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How OTC trading conquers the crypto world and why its volumes are drastically different from those of crypto exchanges. Here is everything you want to know. How are these issues solved? As the OTC market evolves, companies are working on building trusted custodial solutions and risk management systems. The OTC market is expected to continue […]
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BitMEX has invested in the Philippine Digital Asset Exchange, which is licensed by the country’s central bank. BitMEX Ventures has invested in a crypto exchange licensed by the central bank of the Philippines, the company announced in a news release shared with Cointelegraph on June 3. The release notes that the financial backing will help the Philippine […]
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Securities services provider ABN AMRO Clearing will provide European mobile investment platform BUX with blockchain solutions. Global securities services provider ABN AMRO Clearing has signed a contract to provide European mobile investment platform BUX with blockchain technology for a forthcoming commission-free stock trading mobile app. The news was revealed in a BUX news release on […]
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Bitfinex and Tether lawyers file to dismiss an ongoing case versus the New York Attorney General, arguing New York jurisdiction does not apply here. Bitfinex and Tether lawyers are moving to dismiss their ongoing case versus the New York Attorney General (NYAG), according to court filings on May 21. Law firms representing the two companies […]
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The CEO of CIrcle, Jeremy Allaire, has said that the crypto space needs regulatory certainty and the current definition of crypto is too broad. The cryptocurrency space needs regulatory certainty and the current definition of cryptocurrency is too broad, said the CEO of crypto finance startup CIrcle, Jeremy Allaire, in a blog post on May […]
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The SEC delays its decision on the VanEck SolidX bitcoin ETF proposal yet again. Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges. However, while the […]
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A Zimbabwe Stock Exchange (ZSE) executive said that blockchain technology is very good, but the exchange needs regulatory clarity. Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a report by local news daily The Chronicle on May 20 Bgoni, […]
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