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Posts published in “Business”

Shibarium Lead Developer: “ALL IS WELL”

Reading Time: 2 minutes The lead developer of the Shibarium project has denied reports of a bridge malfunction ShibArmy’s traffic strained the network during launch, necessitating stability efforts Analytics showed significant activity with rapid community deposits The lead developer of the Shiba Inu upgrade, Shibarium, has denied reports that the project suffered a bridge malfunction

Genesis Pays FTX $175 Million to Settle Claim

Reading Time: 2 minutes Genesis has agreed to pay FTX $175 million to resolve claims related to their ongoing bankruptcies Genesis, the lending arm of Digital Currency Group, will pay FTX’s Alameda Research and waive claims against FTX’s estate, simplifying their complex relationship FTX’s collapse and its subsequent efforts to recover funds have sent ripples

Ethereum Futures ETF Set for SEC Approval

Reading Time: 2 minutes The SEC is set to approve Ethereum futures ETFs two years after allowing permission for Bitcoin futures ETFs The commission’s cautious approach towards cryptocurrency ETFs shifted in 2021 when it permitted the first Bitcoin futures-based ETF Grayscale expects to hear about its lawsuit against the SEC today Institutional Ethereum futures are

AstroPay Deepens European Sports Involvement with Tottenham Hotspur Deal

Days after renewing its partnership with Wolverhampton Wanderers Football Club, international payments provider AstroPay, has inked a new deal with another English football club, Tottenham Hotspur. The club announced the collaboration on Friday, noting that AstroPay is its new Official Payment Partner.AstroPayers, we are thrilled to announce that AstroPay is now the Tottenham Hotspur Official

Dukascopy Grapples with 80% Profit Decline in H1 after Upswing in 2022

Switzerland-based Dukascopy released an interim consolidated statement of income today (Friday), reporting that its profit nose-dived by 80% to CHF 889,000 during the first six months of this year. The figure fell from CHF 3.9 million posted during the same period in 2022. Dukascopy's Trading Revenue Shrinks in H1As a globally-oriented Swiss company...

Swiss FINMA Licensing Surge: 950 Portfolio Managers and Trustees Get the Green Light

The Swiss Financial Market Supervisory Authority (FINMA) has issued licenses to a substantial 950 portfolio managers and trustees. These licenses are the culmination of 1,749 license applications received by FINMA as of June 30, the regulator said in a statement.The granted licenses were categorized into two segments: 931 institutions...

Are Social Traders Laggards? Research by Germany’s BaFin Suggests So

A knowledge gap exists between investors who deploy social trading for their investments and those that rely on more traditional methods, a recent study commissioned by the German Federal Financial Supervisory Authority (BaFin) has found. The study suggested that traditional investors outpace social traders in terms of financial knowledge and literacy.Traditional vs...