TrueUSD (TUSD) was launched to expand US dollar liquidity for applications and users in the Avalanche ecosystem. TrustToken plans to bring additional products to Avalanche built on TUSD and will play a role in DeFi applications on the platform.
Goldman Sachs Activates Bitcoin Trading Desk
It has been announced that Goldman Sachs, one of Wall Street's largest banks, will launch Bitcoin futures for its customers as of next week. It was stated that the company will begin customer transactions next week in Bitcoin futures and non-delivery forwards. Goldman was also noted to be conducting potential research for a Bitcoin ETF.
PayPal May Have Acquired Cryptocurrency Custody Company
Payment giant PayPal is said to be in the process of acquiring Curv, a technology firm that allows cryptocurrencies to be stored more securely. Paypal left the questions unanswered. An Israeli news outlet stated that a sales transaction of approximately $ 300 million was made.
Application for the First ETF in the USA
CBOE Global Markets applied to the SEC to launch the exchange traded fund it prepared for Bitcoin. Although the SEC has rejected all applications for ETF to date, the company stressed that a regulated ETF would be safer for the investor and that the Bitcoin market now has a very large audience.
SEC Presidential Candidate Gary Gensler Comments Bitcoin
The US Securities Commission awaits the approval of Gary Gensler as its presidential candidate. In his statements, Gensler argued that the cryptocurrency market should be free from fraud and manipulation. Bitcoin, on the other hand, dropped three percent after these statements.
Autonomous Region in North China to Stop BTC Miner Activities
Inner Mongolia, an autonomous region in northern China, plans to cease all cryptocurrency mining activities in the region by April 2021 as part of efforts to improve energy efficiency.
Grayscale's Litecoin Demand Smashes in February
While Litecoin miners have generated approximately 200,000 LTC in the last 28 days, Grayscale has purchased most of the Litecoins mined by purchasing 175,000 LTC in the last 30 days. On the other hand, the company's Litecoin trust stock contains $ 15.70 worth of cryptocurrency, while the stock is trading at $ 305 on the open market.
Cryptocurrency Bank in India Opens Another Branch
The world's first crypto-finance institution with physical branches has been operating in India in recent months. According to the institution's current statement, they will open a second branch in New Delhi, the capital of India.
Biden's Incentive Package Sent to the Senate
The US House of Representatives passed the $ 1.9 trillion COVID-19 aid package bill, and the law was submitted to the senate for voting.
MoneyGram Sued for Its Negative Statements About XRP
The giant payment company MoneyGram entered into a strategic partnership with Ripple in 2019. After the lawsuit between the SEC and Ripple, he quickly ended the partnership and made negative statements that the lawsuit process was uncertain for XRP. Now, a class action has been filed against MoneyGram on the grounds that these statements are misleading for investors.
SEC's New Management Staff Welcomed for XRP
Ripple recently stated in a statement with the SEC that it was unable to deal with the previous SEC administration. Gary Gensler, known as a cryptocurrency friend, will approve his candidacy as SEC chairman as of March 2. Ripple manager Brad Garlinghouse congratulated Gary Gensler on Twitter, saying they would be pleased to work with the new SEC administration.
New York Attorney General Warns Crypto Investors
In a new announcement, the New York Attorney General's Office warned cryptocurrency investors and stated that investments in cryptocurrencies carry a high risk.
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