Coinbase has partnered with Bitpanda Technology Solutions, an infrastructure layer provider specializing in business-to-business solutions, to establish direct connections with banks and fintech companies.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
This move signifies one of the most substantial fund transfers conducted by Celsius Network since it sought bankruptcy protection in July.
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The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
Data from CryptoSlam, a platform tracking cryptocurrency statistics, reveals that NFTs built on the Bitcoin network have generated an impressive $167 million in the last month, rapidly approaching Ethereum's leading position.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.