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US investment bank Cowen shuts crypto trading unit 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cowen Inc. has indefinitely suspended its digital assets trading unit. The bank’s digital asset service exposed institutional investors to 16 cryptocurrencies, including bitcoin (BTC) and ether (ETH). Cowen Inc., an over-a-century-old full-service investment bank acquired by North America’s leading lender, TD […]
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Temasek reduces compensation for staff responsible for botched FTX investment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore-based investment firm, Temasek Holdings, has cut down the compensation of its executives responsible for the failed investment in the now-bankrupt crypto exchange, FTX. Temasek disappointed in failed FTX investment  Lim Boon Heng, the chairman of Temasek Holdings, said the firm would reduce […]
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Tether shifts investment focus to Bitcoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether International Limited (Tether), the manager of the popular stablecoin, has unveiled a new investment strategy for its reserves portfolio. The company will allocate a portion of its net realized operating profits, up to 15%, towards acquiring bitcoin (BTC) on a […]
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SEC faces criticism from five investment firms over custody rule proposal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bain Capital Crypto and other prominent investment firms voice concerns over the proposed SEC custody rule change. Representatives from Bain Capital Crypto, Electric Capital, Haun Ventures, Dragonfly Digital and Ribbit Capital have joined other industry voices in opposing the Securities and […]
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Bybit trading volumes surge amid USDC volatility

iZUMi launched on zkSync after $22m investment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied iZUMi Finance, a protocol for providing liquidity as a service (LaaS) all in one place, revealed that they had successfully raised $22 million that will be used to facilitate the launch of iZiSwap Pro, a decentralized exchange (DEX) that operates on […]
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