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In a remarkable move signaling its ambitions in the European crypto landscape, Backpack, established by former executives from the infamous FTX exchange, has finalized the acquisition of FTX EU. This strategic purchase was sanctioned by both the bankruptcy court overseeing FTX’s insolvency proceedings and the Cyprus Securities and Exchange Commission (CySEC). By securing the European
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In a strategic move that could reshape the landscape of cryptocurrency trading, Nasdaq has submitted a proposal to the SEC aimed at increasing the options contract limit for the iShares Bitcoin Trust ETF (IBIT) from 25,000 to a staggering 250,000 contracts. This request, disclosed in a filing dated January 6, 2024, reflects a desire to
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Aayush Jindal has carved a significant niche for himself in the world of finance, particularly within the intricate domains of Forex and cryptocurrency trading. With a remarkable career spanning over 15 years, Aayush has established himself as a preeminent financial educator and market analyst. His technical acumen and insightful analysis have made him a valuable
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In an ambitious effort to broaden its services and solidify its position in the competitive financial landscape, Crypto.com has ventured into the realm of traditional finance by launching stock and exchange-traded fund (ETF) trading within its platform. This strategic announcement made on January 3 indicates that not only can users manage their cryptocurrency holdings, but
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In a landmark move for the cryptocurrency landscape, Binance, the world’s largest crypto exchange by trading volume, has obtained regulatory approval from the Central Bank of Brazil to acquire Sim;paul. This acquisition, announced on January 2, marks a significant advancement as Binance is now the first crypto exchange in Brazil to hold a broker-dealer license.
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Recently, MoonPay, a prominent player in the cryptocurrency payment solutions arena, announced a significant milestone—receiving authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This approval, conferred by the Netherlands’ Authority for the Financial Markets (AFM), empowers MoonPay to operate across the entire European Economic Area (EEA). The implications of this approval are profound,
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In a landscape that has seen exponential growth and innovation, the decentralized finance (DeFi) sector faces formidable challenges from regulating bodies like the US Internal Revenue Service (IRS) and the Treasury Department. Recent regulations, which some perceive as hostile to the spirit of DeFi, have incited a robust backlash from industry leaders. A16z Crypto, the