Matrixport Acquires Crypto Finance AG from Deutsche Börse Group in All-Cash Deal
News

Matrixport Acquires Crypto Finance AG from Deutsche Börse Group in All-Cash Deal

Crypto financial services hub Matrixport announced today that it has completed its all-cash acquisition of Crypto Finance AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse Group. Deutsche Börse Group acquired a two-thirds majority stake in Crypto Finance back in June 2021, for a “moderate three-digit CHF million” price. According to a September 30 announcement by…

Continue Reading

News

What happens to lost Bitcoin?

Lost Bitcoin may be gone forever, but its impact on the crypto market is significant. Explore how they affect scarcity and why they matter to Bitcoin’s long-term value. Source: https://cointelegraph.com/explained/what-happens-to-lost-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations
News

Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations

The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their […] Source: https://news.bitcoin.com/canada-sets-new-deadline-for-crypto-platforms-to-comply-with-stablecoin-regulations/

Matrixport Strengthens European Presence with Acquisition of Swiss Crypto Asset Manager
News

Matrixport Strengthens European Presence with Acquisition of Swiss Crypto Asset Manager

Matrixport, a crypto financial services provider with $6 billion in assets under management, has completed its all-cash acquisition of Crypto Finance Asset Management AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse Group. Renamed Matrixport Asset Management AG, the unit will continue to provide institutional-grade crypto investment solutions, including managing the […] Source: https://news.bitcoin.com/matrixport-strengthens-european-presence-with-acquisition-of-swiss-crypto-asset-manager/

California Governor Newsom Vetoes AI Safety Bill that Divided Silicon Valley
News

California Governor Newsom Vetoes AI Safety Bill that Divided Silicon Valley

On Sunday, California Governor Gavin Newsom vetoed Senate Bill 1047 (SB 1047), a proposal that aimed to establish new safety standards for artificial intelligence systems. Although the bill was touted as a potential model for future AI regulation, Newsom argued it could stifle innovation in California’s tech sector. “Adaptability is critical as we race to regulate a technology still in…

Continue Reading