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PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal’s rumored acquisition deal with crypto custodian BitGo has fallen through, Fortune reported Thursday, citing “multiple sources.”

The post PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report appeared first on The Block.

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Crypto Exchange Binance Terminates Korea Operations Due To Low Usage

Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume.

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Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC

The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital which specializes in cryptocurrency arbitrage, of fraud.

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Binance Korea is shutting down just eight months after its launch

Binance Korea, a crypto-to-crypto exchange of Binance for Korean users, is shutting down next month. The closure comes just eight months after the platform’s launch in April 2020.

The post Binance Korea is shutting down just eight months after its launch appeared first on The Block.

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Here Comes the Open Lending Era

Open lending grew from a fringe use-case to a burgeoning engine powering the next phase of the digital economy.

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Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties’

The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun […]

The post Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties’ appeared first on The Block.

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Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago

The firm’s bitcoin AUM rose by more than $3 billion in a week.

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SEC Chairman Clayton Says Wednesday Is His Last Day in Office

Clayton announced in November he would be leaving by the end of the year but hadn’t specified a date.

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Digital Currency Group is planning to launch a new wealth management subsidiary

Quick Take

  • DCG has a new wealth management business in the works, according to two sources familiar with the plan.
  • It would join the firm’s asset management business Grayscale as a part of DCG’s family of companies. 

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White House releases stablecoin report, says regulators could consider limiting ‘multi-currency stablecoins’

The President’s Working Group on Financial Markets said it welcomes dialogue a stablecoin report released Wednesday.

The post White House releases stablecoin report, says regulators could consider limiting ‘multi-currency stablecoins’ appeared first on The Block.

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