Barclays is investing in Copper, one of the most recognizable companies in the rapidly-shifting cryptocurrency market, even as the sector continues to be shaken by a number of defaults and insolvencies. Sky News reports that Barclays has joined the roster of notable financiers supporting Copper's $2 billion investment round....
UK-based financial giant, Barclays is reportedly investing a ‘decent’ amount in Copper, one of the fastest-growing companies in the institutional crypto space. According to Sky News, Barclays is joining several other new investors in Copper’s funding round.The report added that the fundraising is expected to be finalized within the next few days. Amid the latest crypto winter, digital asset firms are witnessing...
According to reports on Monday, two of the world's major investment banks, Goldman Sachs and Barclays, have poured a large amount of money in Elwood Technologies, a cryptocurrency trading platform. According to a source familiar with the matter, the funding valued the six-year-old company at around $500 million. Elwood said in a statement that other investors include Dawn Capital LLP, divisions of Commerzbank...
From its advent, the breakthrough of cryptocurrency that has aided its adoption is the decentralized characteristic. This removes the control of crypto activities from the influence of third parties, unlike what is obtainable in the centralized space. One of the recent measures that enforce decentralization is digital ledger technology. It involves using technological protocols that maintain the security of the decentralized digital database....
Following a wave of unfavorable stories surrounding Binance in recent weeks, another player has decided to disassociate itself from the exchange. One of Binance’s payment partners in Europe, Clear Junction, has suspended facilitating payments to the crypto exchange. Clear Junction Cut Binance Off In recent weeks, Binance has had to deal with a slew of regulatory problems. Following similar steps by Barclays and...
Binance, the world's largest crypto exchange by trading volumes, is now at the risk of losing its global dominance. The recent regulatory crackdown from some of the top regulators worldwide is putting Binance in a bad light. Institutional-grade crypto market data provider Kaiko notes that the recent "onslaught" of regulatory action is putting pressure on The post Binance's Global Dominance Under Threat, Barclays...
The investment bank already sent a SMS notification to all its UK customers.
Amid the rising financial crimes taking place in the United Kingdom, banks have been holding up transfers to crypto exchanges and suspending payments. A similar...
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