This company said that it raised these funds in a Series B capital round. A CNBC report cited unnamed sources who claimed that this latest fundraising brings Story’s value to $2.25bn. Polychain, a crypto venture capital firm, and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested in…
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The account, which was originally filled with ETH, purchased during Ethereum’s Initial Coin Offering in 2014, first registered at $75,000. Now sitting at $474m, Lõhmus’ lost wallet represents an investment that has grown approximately 6,300 times. However, without a key, Lõhmus unfortunately cannot retrieve this astronomical wealth. In today’s session, Ethereum sits at $1,906.80, ETH/USD.…
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The companies will link up to combine StrikeX's expertise in tokenisation and self-custody technologies and CMC's extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term. CMC added that the "arm's length investment"…
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Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…
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Ryan Moroney commented: As more institutional clients move toward Web3 blockchain-driven technology, Optio gives CQG the opportunity to accelerate our footprint and play a leading role in the fast-growing digital asset space. Terry Lam added: Over the last few years, we have seen the crypto marketplace develop rapidly. However, it is evident that the workflow…
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Due to these advantages of the DeFi systems, Web 3.0 can make the onboarding process more user-friendly. It can also make the storing of data safer. The list of contributing technologies to Web 3.0 can help fintechs automate processes to perform customer journey mapping and allocate resources more efficiently to meet client demands, facilitate better…
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Binance founder Changpeng Zhao explained in a tweet: An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange. Some of our users, unaware of the large amounts of…
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Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, said: We are pleased to announce that we will be utilizing blockchain technology for the first time in the settlement process of cross-border payments. We are extremely excited to be collaborating with HSBC on a project which places both organizations at the forefront of…
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The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…
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Saman Michael Far, VP, Financial Services Technology, Amazon Web Services, added: We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure. Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more…
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