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Leading Swiss Exchange SIX to Launch XRP Exchange-Traded Product

Switzerland’s principal stock exchange, SIX, might be listing another crypto-base exchange-traded product (ETP) that would track the price of Ripple’s XRP, the third largest cryptocurrency by total market cap, narrowly trailing Ether (ETH). In an interview with CoinDesk, co-founder and CEO of Swiss company Amun AG, Hany Rashwan, said that his company has received approval from SIX to issue the …

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Fidelity’s Digital Asset Now Live With Select Clients

Leading United States-based financial services firm, Fidelity, has officially launched Fidelity Digital Assets with a small group of clients. This news comes via an announcement made on the company’s Twitter yesterday, with a link to a January 31st post on its Medium blog. The full Tweet read: “We are live with a select group of eligible clients and will continue …

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TRC-20-based USDT Stablecoin to Launch Soon

TRC-20-based USDT Stablecoin to Launch SoDespite the numerous controversies that embroiled it over the past several months, Tether does not seem to want to go away. The cryptocurrency, or stablecoin, continues to be the most valuable stablecoin on the market now and the team is dedicated to ensuring that it retains that position over the long haul. Tether partners with …

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Bumble Bee Foods to Employ Blockchain to Track Journey of its Tuna

Bumble Bee Foods, North America’s largest branded shelf-stable seafood company, has launched a blockchain platform for tracing seafood. The initiative was created in collaboration with multinational software firm SAP (Systems, Applications & Products in Data Processing), per a press release published today. The announcement was made at South by Southwest Conference (SXSW), a leading conference that spans music, film, and …

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Rebranded Bitcoin Mining Company Sells its Previous Iced Tea Business

Long Blockchain, the company previously named Long Island Iced Tea, has reached an agreement to sell its beverage business to Canadian firm ECC2 Ventures. The news of the deal comes via a document filed yesterday with the United States Securities and Exchange Commission (SEC) Early last year, the company announced they would be rebranding from Long Island Iced Tea to …

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Widow of QuadrigaCX Founder Asks Court for Repayment of Legal Fees

The widow of the founder of controversy-embroiled Canadian exchange QuadrigaCX has asked the court for US $225,000 to compensate for legal expenses. This comes via a Bloomberg report published yesterday. Jennifer Robertson, the wife of the late Quadriga founder, Gerald Cotten, is the seeking reimbursement for payments associated with the legal proceedings surrounding the exchange, as well as other payments …

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Bloomberg Report: Crypto Companies Still Often Denied Bank Accounts

Cryptocurrency companies have difficulty opening bank accounts — this may be a surprising statement, but according to a Bloomberg report earlier today, it’s true. A prime example given by the report is that of Sam Bankman-Fried, CEO of Berkeley, California-based cryptoasset quant trading firm Alameda Research. “The standard answer of ‘just go to your local Chase branch’ doesn’t work in …

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China’s New Blockchain Rating Sees Bitcoin Rank Higher

The Chinese government released its latest ranking of public cryptocurrency blockchain projects, with the ratings springing a few surprises. The Center for Information and Industry Development in China increased the number of projects captured in its ranking to 35, with Tron debuting close to the top of the list, while Bitcoin has gone up slightly. Tron added to the list; …

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Binance Study: JPM Coin Will Not Compete With Ripple (For Now)

Leading crypto exchange Binance’s research arm published an analysis of JPMorgan’s recently announced stablecoin, JPM Coin. Published earlier today by Binance Research, the study argues that JPM coin offers “minimal direct competition” to Ripple’s XRP in the short term. Two weeks ago, JP Morgan Chase announced they would launch their own stablecoin — a token backed one to one by …

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Curv Raises $6.5 Million for Crypto Wallet that Eliminates Private Keys

United States-based crypto startup Curv has raised $6.5 million in seed funding to launch a cloud-based, private key-less digital wallet to be used by financial institutions. This news comes via a press release from the company earlier yesterday. As per the release, the seed round was led by Digital Currency Group, a digital asset investment company, and Team8, an Israeli …

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