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.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The Future of Banking: Cryptocurrencies Will Need Some Rules to Change the Game Financial markets are abuzz with questions regarding the nature and viability of digital currencies. As far as rated financial institutions' risk exposure is concerned, however, S&P Global Ratings believes that it is much ado about nothing.
Yet again the cryptocurrency market has opened this week on a bearish note. Since the start of 2022, the crypto market has been volatile and the March rally and the crash that the crypto market is experiencing in the past few weeks, have put the market under pressure.
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The crypto collapse is also hurting several stocks with exposure to the industry. Broker Coinbase plummeted 17% Monday and is down more than 65% this year. Robinhood, which also lets people buy and sell some cryptocurrencies, has fallen more than 45% in 2022.
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