Radix Tokens Raises $10M Ahead of Introducing Smart Contract Capability

March 23, 2023
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In its suit against Kraken, the SEC has doubled down on allegations that a number of high-profile tokens are securitiesMany of these tokens have posted double-digit gains year-to-date as traders shake off regulatory uncertainty.Cryptocurrency exchange Kraken is once again in the crosshairs of the Securities and Exchange Commission (SEC). As part of this suit, the

CoinShares Netted $513.1M Profit in Q2

However, CoinShares also noted a loss of $481.42 million on the fair value of digital assets. Once accounted for this depreciation, CoinShares' comprehensive income for the quarter was $32.6 million. Crypto asset manager CoinShares (CS) recorded profits after tax of nearly 404 million pounds ($513.1 million) in Q2, a considerable bump from 10 million pounds

Ripple’s XRP Ruling Does Nothing for Regulatory Clarity

The reaction to last week’s court ruling on the sale of Ripple’s XRP token makes no sense. After a two-year legal battle instigated by the U.S. Securities and Exchange Commission, a judge ruled that XRP is an unregistered security when sold to institutional buyers but isn’t when it’s bought by anyone else.This is an excerpt…

Wanted: Economist for Digital Currencies, Fintech as Bank of Canada Studies a Possible CBDC

Oct 18, 2020 at 20:48 UTCUpdated Oct 18, 2020 at 20:55 UTCThe Bank of Canada, posted a position for an economist, digital currencies and financial technologies, as the Canadian central bank continues to research how a central bank digital currency (CBDC) would work as well as the possible risks involved.According to the posting, the economist…

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD

A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin's biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency's notorious volatility. Fear, uncertainty and doubt, or FUD, is hitting the bitcoin market. (Creative Commons, modified by CoinDesk)Jan 22, 2021 at 2:18 p.m. UTCFirst Mover: Bitcoin Newbies…

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

Nov 26, 2019 at 18:15 UTCUpdated Nov 26, 2019 at 18:01 UTCChina’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker SaysOne of China’s first goals with its central bank digital currency is to facilitate retail payments, a former senior official said Monday.Speaking at the Caixin Hengqin Forum in Zhuhai, former head of the People’s…

PundiX’s Blockchain Phone Is Now Called BOB and Its Coming Soon

news The blockchain phone from PundiX, in the works for a year now, is almost ready for launch. The company put the latest iteration on show at the IFA 2019 event in Berlin this week and has revealed to CoinDesk that the device is planned to go on pre-order in Q4 2019 at a price of $599…

Bitcoin Yields as High as 45% on Offer in Pendle’s New Pools

DeFi platform Pendle's new pools allows users to earn floating yields up to 45% and fixed yields of 10% on a bitcoin-based token. The yields are achieved through staking service Lombard's LBTC token in collaboration with Ethereum layer-2 network Corn. Pendle splits investments into principal tokens and yield tokens that can be traded separately, facilitating

Crypto.com Secures Multiyear Sponsorship Deal With UEFA Champions League

Neither financial terms nor the length of contract were disclosed. Crypto.com was one of the most active digital asset firms in securing sports sponsorship deals in 2021-22. The company's aborted sponsorship of the Champions League in 2022 was said to be worth $495 million. 02:29 Crypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform

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