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Virgin Orbit Down 41% in Premarket as Firm Halts Operations, Begins Layoffs

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Virgin Orbit, the Richard Branson-founded space company, is halting operations indefinitely and cutting almost 90% of its workforce after failing to secure funding. The move prompted a sharp stock decline, with the company’s shares…

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Citi Report Says Inflection Point for Crypto Adoption is Here

Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Analysts at global investment bank Citi believe the digital asset space is approaching an inflection point that could eventually see the mass adoption of blockchain technology. The experts claimed that the rise of central bank digital…

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Coinbase CEO Thinks Halting AI Development is a “Bad Idea”

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Brian Armstrong, Chief Executive of crypto exchange Coinbase, opposed the calls for a temporary halt in artificial intelligence (AI) development. Earlier this month, several influential people, including Elon Musk, Steve Wozniak, and Andrew Yang,…

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Virgin Orbit Down 41% in Premarket as Firm Halts Operations, Begins Layoffs

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Virgin Orbit, the Richard Branson-founded space company, is halting operations indefinitely and cutting almost 90% of its workforce after failing to secure funding. The move prompted a sharp stock decline, with the company’s shares…

Continue Reading Virgin Orbit Down 41% in Premarket as Firm Halts Operations, Begins Layoffs

Citi Report Says Inflection Point for Crypto Adoption is Here

Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Analysts at global investment bank Citi believe the digital asset space is approaching an inflection point that could eventually see the mass adoption of blockchain technology. The experts claimed that the rise of central bank digital…

Continue Reading Citi Report Says Inflection Point for Crypto Adoption is Here

Coinbase CEO Thinks Halting AI Development is a “Bad Idea”

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Brian Armstrong, Chief Executive of crypto exchange Coinbase, opposed the calls for a temporary halt in artificial intelligence (AI) development. Earlier this month, several influential people, including Elon Musk, Steve Wozniak, and Andrew Yang,…

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Crypto price prediction: HBAR, Celo, Injective Protocol

Bitcoin price had a strong performance this week as investors ignored one of the biggest cryptocurrencies news of the year. During the week, the Commodity Futures Trading Commission (CFTC) announced a lawsuit against Binance, the biggest crypto exchange in the world. The rally coincided with the strong comeback of American indices like the Dow Jones and Nasdaq. This article…

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Ormenus Coin Scammers to Pay $102 Million as Recovery and Fine

<p>The US Securities and Exchange Commission (SEC) has obtained a final judgment against the Barksdale siblings, John and JonAtina (Tina) Barksdale, seeking a total of over $102 million from the duo as recovery and fines for <a href=”https://www.financemagnates.com/cryptocurrency/onecoins-legal-head-extradited-to-the-us-faces-charges/” target=”_blank” rel=”follow”>massive crypto-related fraud</a>. According to the original complaint, the Barksdales defrauded thousands of retail investors out…

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Massachusetts Watchdog Investigating FRC Insider Stock Trades

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a Thursday report, Massachusetts regulators have opened an investigation into the stock sales made by First Republic Bank’s insiders prior to its failure. First Republic has perhaps been the hardest-hit regional bank…

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BBBY Closes 26.23% In the Red After Again Warning of Potential Bankruptcy

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Thursday, March 30th, has been a tense day for Bed Bath & Beyond as the company initiated a $300 million stock offering and warned that it may, should the offering fail, be forced to…

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Kraken Reaffirms Commitment to Canada, Files Pre-Registration With OSC

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The recent increase in regulatory requirements in Canada led to a great deal of speculation on which cryptocurrency firms will continue operating in the country. Already on March 20th, OKX announced it would be…

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Deutsche Bank Expands Wealth Management Service to South Africa

<p class=”MsoNormal”>Deutsche Bank International Private Bank (IPB), the unit of Germany-based Deutsche Bank that serves private, wealth and commercial clients, has expanded its wealth management offering to <a href=”https://www.financemagnates.com/tag/south-africa/” target=”_blank” rel=”follow”>South Africa</a>. The unit on Thursday disclosed that it has opened a new representative office for wealth management in the African country.</p><p class=”MsoNormal text-align-justify”>Deutsche Bank…

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Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI

The Crypto markets can prove challenging to navigate due to the volatile nature of its response to Macro economic and political incidents which affect it. This volatility is further fuelled by the speculative nature of the projects to which cryptocurrencies are attached, with new and cutting-edge technologies being applied while in their infancy but with…

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Cardano Price Predictions – Heading To the Moon? Crypto Investors Turn To AltSignals’ ASI Token for More Price Movement

If you’ve been paying attention to the crypto market in recent years, there’s a good chance you’ve heard Cardano’s (ADA) name being thrown around.  Many crypto investors see long-term potential in ADA, but some are wary of its instability. This article will break down Cardano price predictions and why some investors are looking at AltSignals’…

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Ripple Price Predictions in 2023: Will AltSignals’ ASI Token compete with XRP?

Ripple price predictions have plateaued since the start of the company’s SEC troubles, which has led many investors to seek out alternative investment opportunities. While the XRP price remains stagnant, one of the most exciting opportunities around right now is the AltSignals (ASI) crypto presale. In a direct comparison between XRP and AltSignals, which project…

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AltSignals’ ASI Token Promises Real-Time Trading Signals To Give Investors an Edge. Could This Be The Best Crypto Newcomer of 2023?

AltSignals has recently announced its ASI token, a game-changing crypto that promises to help investors find their edge in the market through AI-powered trading signals. But could ASI’s innovative approach make it one of the best crypto newcomers in 2023? Read on to discover why many seem to think so. What is AltSignals (ASI)? AltSignals…

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SBF Pleads Not Guilty to Bribing Chinese Officials, Other Recent Charges

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Thursday, March 30th, Sam Bankman-Fried pleaded not guilty to the additional charges filed against him since the beginning of the year. FTX’s former CEO also plead not guilty to the initial indictment against…

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Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Singapore, Singapore, 30th March, 2023, Chainwire Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability. Without…

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Ledger Closes $109M Funding Round with Majority of Funds Raised

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Ledger, a blockchain firm developing cold and hardware wallets, secured most of the funding in the close of its $109 million financing round, Bloomberg reported Thursday. The firm’s valuation remains around $1.4 billion, almost…

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Belarus extends tax exemptions for crypto firms to 2025

Belarus will allow crypto businesses, including miners, to operate tax-free until 2025. Exempted taxes include value added tax, income tax and personal taxes. Belarus is one of the countries looking to incentivize more crypto-related investments. Belarus is one of the many countries not looking to lock out crypto firms from their jurisdiction with excessive taxation.…

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UNICEF Testing DAO Prototype Built on Polygon: Report

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. United Nations International Children’s Emergency Fund (UNICEF) is developing a decentralized anonymous organization (DAO) prototype to improve communication about new features for digital public goods (DPGs), the agency’s blockchain lead said in an interview…

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Revolut Reportedly Hired Lawyers to Challenge Audit Report

Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. British neo-bank and fintech company Revolut has reportedly hired lawyers to prove that an audit by BDO confirms the validity of its annual report. BDO has argued that the company’s revenues for 2021 “may be materially…

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Beaxy Exchange suspends operations after the US SEC charges

The US SEC has filed several charges against the Beaxy Exchange. The exchange has consequently suspended operations In its defence, Beaxy has said that it committed to cooperation with the SEC for over two years. US-based cryptocurrency exchange Beaxy Exchange suspended its operations immediately after the United States Securities and Exchange Commission (SEC) filed multiple…

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Hong Kong Web3 Fund to Raise $100M, Will Back the City’s FinTech Ambitions

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Hong Kong investors are launching a new $100 million fund, ProDigital Future, aimed at backing early-stage crypto and Web3 companies, Bloomberg reported on Thursday. The move comes as the city continues to double down…

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News Nuggets | 30 March: Saxo’s New Portal; JPX Gets into DeFi

<p>LTX Boosts Data-Driven Corporate Bond Trading Proficiency</p><p class=”MsoNormal”>LTX, a division of Broadridge Financial Solutions Inc. (NYSE: BR), has effectively transitioned its corporate bond e-trading platform to Amazon Web Services (AWS). By completing this migration, LTX can now harness the robust security and scalability offered by AWS cloud services and further refine its data science methodologies.…

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OKX to Transfer $157 Million in Frozen Assets Linked to FTX and Alameda Research

<p> OKX, the second-biggest crypto trading platform by trading volume, has recently announced that it is preparing to transfer $157 million in frozen assets linked to the creditors of FTX and Alameda Research, companies of Sam Bankman-Fried’s (SBF) fallen empire. This is a response to the newest motion filed on Wednesday in the FTX <a…

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Thailand Considers Lifting THB 300K Retail ICO Limit

<p>Thailand’s Securities and Exchange Commission (SEC) is considering lifting the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICO) to stimulate investments in digital tokens. </p><p>Thailand to Remove ICO Limit </p><p>As reported by the local media Bangkok Post, the <a href=”https://www.financemagnates.com/tag/thailand/” target=”_blank” rel=”follow”>Thai regulator</a> has opened a public hearing until 27 April…

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SBF’s Bid To Have FTX Pay Bills Gets Pushback From Debtors and Creditors

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Two filings made available on the website of Kroll, FTX’s restructuring advisor, on March 29th offer the response of the company’s lawyers, as well as of the Official Committee of Unsecured Creditors, to Sam…

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Winklevoss’ Gemini Working on Offshore Derivatives Exchange

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a Wednesday report, Gemini Trust, the cryptocurrency platform of the Winklevoss twins, is working on an offshore derivatives exchange. The new project is allegedly primarily geared toward offering perpetual futures. The news…

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