Galaxy Digital faces $100M lawsuit from BitGo over breach of contract
BitGo, a digital asset custodian is suing Galaxy Digital for more than $100 million as part of a “reverse break fee” for terminating an acquisition agreement. In a blog post on Monday, BitGo referred to Galaxy’s conduct as “improper,” accusing it of breach of contract for canceling a deal to buy the custodian of digital […]
Trading in BTC and ETH begins at giant Brazilian brokerage firm
Following MercadoLibre and Nubank, XP Inc. is the most recent member of the Brazilian fintech industry to provide services for trading cryptocurrencies. A potential 3.6 million customers will now have access to the cryptocurrency markets thanks to Brazilian brokerage firm XP Inc.’s formal launch of its crypto trading platform “XTAGE” there. The Nasdaq Exchange Twitter […]
ASX moves toward trading in tokenized assets
Following a successful proof-of-concept experiment sponsored by the digital asset investment platform Zerocap, companies listed on the Australian Securities Exchange (ASX) may soon be able to trade tokenized assets, equities, funds, or carbon credits. “There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said […]
Increase in short-term BTC holders indicates “final flush” of sellers
The fact that short-term investors are increasing their BTC holdings suggests that significant sell-offs have occurred. The “last flush” of sellers, which might be indicated by a recent rise in short-term BTC holders , would indicate that the capitulation events have concluded and the market is now set for months of accumulation. According to the […]
TINA.org calls out 19 celebrities for promoting NFTs
Consumer watchdog group Truth in Advertising believes celebrities marketing NFTs on social media is rife with misinformation. Truth in Advertising (TINA.org), a watchdog organization for consumers, has accused 19 celebrities of endorsing non-fungible tokens (NFTs) without declaring their affiliation with the projects. On their website, the non-profit organization that promotes consumer rights claimed to have […]