Business
The trading platform said Monday that it was halting some trading amid a wider probe into whether the firm had misled the city’s public about its licensing and other issues.
Citi Token Services will allow institutional clients of the investment banking giant to send funds across borders quickly using smart contracts and blockchain technology.
Bitcoin
The largest cryptocurrency by market capitalization has risen more than 7% over the past week amid encouraging economic news from China and the reduced likelihood of an interest rate hike later this week. But one analyst doubts the rally’s staying power.
Researchers from the crypto exchange believe that there are several factors that will reduce the risk of market shocks when FTX eventually unloads its $3.4 billion worth of crypto.
Regulation
Senators Warren, Marshall, Manchin and Graham announced an expanded coalition of support for the Digital Asset Anti-Money Laundering Act.
Crypto exchange Gemini has called DCG’s proposed remuneration plan “inadequate” and an attempt to “gaslight” creditors.
BitGo and Swan Bitcoin plan to form a Bitcoin-only trust that will provide a Bitcoin custody service that isn’t exposed to “the risks of securing many altcoins.”
Genesis will cease operating all of its remaining crypto services by the end of the month.
Millions of dollars worth of crypto was withdrawn from the exchange’s hot wallet through a series of transactions.
Grab customers will be able to participate in Web3 experiences during the Singapore Grand Prix as part of a pilot with stablecoin issuer Circle.
