Business – Page 35

Hive, Riot Earnings Reports, FOMC Minutes: Crypto Week Ahead

Hive Digital Technologies and Riot Platforms headline this week’s crypto-related earnings reports. The two data center operators have expanded their operations and added high-performance computing for AI applications to their bitcoin mining operations. In macroeconomics, the Federal Reserve is likely to grab headlines, with minutes from the latest Federal Open Market Committee meeting to be […]

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Animoca Brands clears major regulatory hurdle with new Dubai license

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Digital venture capital firm Animoca Brands has won regulatory approval in Dubai. Animoca has received a Virtual Asset Service Provider (VASP) license from the Emirate’s regulatory authority for the digital asset industry, the firm announced via email on Monday. The Hong Kong-headquartered firm, which won in-principle approval as a regulated fund manager in Abu Dhabi

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Ether Stabilizes After $540 Million Selling Wave, While Altcoins Lag: Crypto Markets Today

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The crypto market remains under pressure on Monday despite US stock futures gaining around 0.25% since midnight UTC. Bitcoin BTC$68,770.50 trading at $68,710, having lost 0.1%. Altcoins such as HYPE, ZEC and XMR have fallen by more than 3%. Ether ETH$1,978.09 is one of Monday’s outliers, up 0.43% since midnight as it heads back toward

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Russia’s daily crypto turnover is over $650 million, says Finance Ministry

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Russia’s Ministry of Finance has estimated the country’s daily cryptocurrency turnover at 50 billion rubles, or about $650 million, with annual activity exceeding 10 trillion rubles, about $130.5 billion. The figures were shared by Deputy Finance Minister Ivan Chebeskov at the Alfa Talk conference, highlighting the growing scale of unregulated crypto use in the country,

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Michael Saylor’s strategy says it can survive a bitcoin (BTC) price crash to $8,000

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Bitcoin BTC$69,054.44 Treasury firm Strategy ( MSTR ) said it can ride a potential dip in the price of the biggest cryptocurrency to $8,000 and still service its debt. “Strategy can withstand a move in the $BTC price to $8K and still have sufficient assets to fully cover our debt,” said the Michael Saylor-led firm

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Binance co-founder CZ echoes consensus panelists on lack of privacy blocking crypto adoption

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Binance co-founder Changpeng “CZ” Zhao warns that crypto’s lack of privacy is blocking day-to-day adoption, echoing CoinDesk Consensus Hong Kong panelists who called it a barrier to widespread institutional use. Blockchain’s total transparency is being hyped as the ultimate democratizing middle finger to shady banks and Wall Street fat cats operating in the dark. But

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OKX gets European payment license for stablecoin and crypto card expansion

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Cryptocurrency exchange OKX has obtained a payment institution (PI) license in Malta, in compliance with EU regulatory requirements that will come into force in March. The license allows OKX to continue to offer stablecoin-related payment services across the EU in full compliance with the Markets in Crypto-Assets (MiCA) Regulation and the Second Payment Services Directive

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Crypto market drowns in red as bitcoin falls to $68,000, XRP, ETH slide over 5%

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Crypto markets are deep red on Monday, with industry leader bitcoin sliding lower ahead of a packed week of economic data. At press time, bitcoin BTC$68,444.09 traded near $68,200, down nearly 3% in 24 hours, with XRP XRP$1.4748ether ETH$1,966.47, DOGE$0.1026 record much greater losses. Losses hit 85 of the top 100 tokens by market cap,

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Wall Street giant Apollo follows BlackRock in DeFi push with Morpho token deal

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Apollo Global Management (APO) is moving deeper into crypto, striking a deal that could make the $938 billion asset manager a major token holder in a decentralized lending platform. The firm signed a cooperation agreement with the Morpho Association, the French non-profit organization behind the Morpho protocol, which allows Apollo and its subsidiaries to buy

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Hong Kong tries to build its crypto regulations: State of Crypto

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Consensus Hong Kong ended with a bang as policymakers announced new initiatives to grow the digital asset sector. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Politicians at Consensus Hong Kong announced a series of initiatives

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