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Central Bank of Russia Issues Proposal Allowing Wealthy Investors To Trade Bitcoin and Crypto: Report

Central Bank of Russia Issues Proposal Allowing Wealthy Investors To Trade Bitcoin and Crypto: Report

The Central Bank of the Russian Federation has reportedly released a proposal that if approved, would allow qualified entities to trade crypto assets. In a statement, the central bank proposes a three-year experiment where wealthy investors and certain firms have the greenlight to buy and sell crypto assets, reports Reuters. The Central Bank of Russia […]

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

$395,000,000,000 German Asset Manager Now Offering Crypto Trading, Custody and Management Services: Report

5,000,000,000 German Asset Manager Now Offering Crypto Trading, Custody and Management Services: Report

DekaBank, a German investment bank with $395 billion in assets under management, is reportedly rolling out crypto trading services for certain clients. According to a new report by Bloomberg, DekaBank is now providing the purchase, sale, custody and management of cryptocurrencies for its institutional customers. Says DekaBank board member Martin Müller, “We have the necessary […]

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

5th Largest Bank in Turkey to Launch Crypto Trading Service

5th Largest Bank in Turkey to Launch Crypto Trading ServiceGaranti BBVA Kripto will allow Garanti BBVA customers to buy and sell cryptocurrencies legally in Turkey. European Banks Expanding Services to Include Crypto Turkey’s fifth largest bank, Garanti BBVA is set to launch its crypto trading services for retail users via its crypto custody platform, Garanti BBVA Kripto. Owned by Spanish banking giant, Banco Bilbao […]

Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

Charles Schwab Looking at Spot Crypto Trading Following Regulation Shift: Report

Charles Schwab Looking at Spot Crypto Trading Following Regulation Shift: Report

Financial services firm Charles Schwab is reportedly waiting for favorable conditions to offer cryptocurrency trading to its clients. Charles Schwab’s incoming chief executive Rick Wurster says the Texas-based firm is eyeing to provide spot cryptocurrency trading services once regulations in the US become supportive of digital assets, reports Bloomberg.  Says Wurster in a Bloomberg Radio […]

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

Financial Giant Charles Schwab Signals Big Moves in Crypto Trading

Financial Giant Charles Schwab Signals Big Moves in Crypto TradingCharles Schwab is preparing to launch spot cryptocurrency trading as U.S. regulations evolve, with leadership signaling optimism amid a shifting regulatory and competitive landscape. Charles Schwab Eyes Major Crypto Expansion as US Regulations Evolve Rick Wurster, the incoming CEO of Charles Schwab Corp., has revealed the company’s readiness to offer spot cryptocurrency trading, pending favorable […]

Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

Donald Trump’s Media Company in Advanced Talks To Buy Crypto Trading Exchange Bakkt: Report

Donald Trump’s Media Company in Advanced Talks To Buy Crypto Trading Exchange Bakkt: Report

A social media company that’s majority-owned by US President-elect Donald Trump is reportedly in talks to acquire Bakkt, a crypto trading and custody firm backed by Intercontinental Exchange Inc. The Financial Times, citing “two people with knowledge of the talks,” reports that the Trump Media and Technology Group, which operates Truth Social, a microblogging platform, […]

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

PancakeSwap launches Telegram Swap Bot for crypto trading access

PancakeSwap’s new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi’s growing accessibility.

PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has introduced a Telegram bot that enables users to trade cryptocurrencies directly from the messaging app.

The bot currently supports trading for over 3,000 tokens, making decentralized finance (DeFi) transactions potentially more accessible to a wider audience familiar with Telegram.

The Telegram Swap Bot will enable users to trade tokens on PancakeSwap v2, v3 and stableswap on the BNB Chain.

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

The Singapore-based digital asset exchange Crypto.com has acquired the US broker-dealer Watchdog Capital in an effort to launch equities trading for American customers. The New Hampshire-based broker is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that creates and enforces rules […]

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

SEC sues Cumberland DRW for unregistered crypto dealer activities

Cumberland allegedly had $2 billion worth of unregistered crypto dealing since 2018.

The United States Securities and Exchange Commission (SEC) filed suit against Cumberland DRW on Oct. 10, advancing a single charge of operating as an unregistered dealer. Cumberland has allegedly sold more than $2 billion in crypto assets since 2018 in violation of federal registration requirements.

The SEC claims that Cumberland acted as an unregistered dealer in its proprietary trading (trading on its own accounts) and when trading on third-party crypto asset exchanges. The agency is seeking permanent injunctive relief, disgorgement of ill-gotten gains, prejudgment interest and civil penalties.

The SEC claimed that five of the tokens Cumberland handles are securities. Specifically, they are Polygon (MATIC), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL). The agency identified all of them as securities in the past. According to the complaint:

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Top Priority: Incoming SEC Chair Promises Solid Crypto Framework

US Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change

US Bitcoin ETFs Jump by 5M, Ether Funds Experience No ChangeAccording to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.19 […]

Top Priority: Incoming SEC Chair Promises Solid Crypto Framework