Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
CryptoMan
CryptoMan found out about cryptocurrencies while he was taking an MSc in Financial Markets at the Barcelona graduate school of Economics. Then, soon after graduating, he started writing for a number of cryptocurrency-related websites as a freelancer. He eventually took on the role of CrytoUS Administrator, though.
-
Ripple's Acquisition of Crypto-Focused Chartered Trust Company Fortress Trust -
NounsDAO on the Brink of Treasury Division Split Amidst 'Rage Quit' Uprising by NFT Holders The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.
-
Defense Accuses DOJ of Providing 'Inaccurate' Information Regarding Sam Bankman-Fried's Laptop Access Prosecutors reported that they successfully resolved the majority of Bankman-Fried's laptop problems with assistance from the defense earlier this week. Meanwhile, the defense remains steadfast in their pursuit of a "temporary release."
-
SEC's Response to Challenge Groundbreaking XRP Ruling The Securities and Exchange Commission has made a compelling case for pursuing a mid-case appeal to delve deeper into the intricacies of the law.
-
U.S. Fed's Vice Chair Barr Suggests CBDC Decision Remains a ‘Long Way’ Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
-
MicroStrategy's Significant Bitcoin Impairment Losses May Mislead: Berenberg The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
-
Coinbase's Pursuit of Regulatory Clarity Shapes its Global Expansion Strategy Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
-
Turkish Crypto Exchange Thodex CEO Faruk Özer Sentenced to 11,196 Years in Prison for Collapse Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
-
CFTC Initiates Enforcement Sweep Targeting Opyn and Other DeFi Operations The U.S. regulator overseeing derivatives markets took action against three firms, one of which had previously employed a lawyer later appointed to lead its technology research division at the CFTC.
-
Binance Supercharges Bitcoin and Ether Trading in Argentine, Brazilian, and South African Currencies with Exciting Fee Promotion In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.