Digital Currency Group shuts down wealth management unit: report
Cryptocurrency-focused conglomerate Digital Currency Group (DCG) is shutting down its wealth management unit called HQ, CoinDesk, a DCG-owned media outlet, reported on Friday.
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Markets: Bitcoin, Ether little changed; Polygon, XRP lead losers; Cardano holds onto gains
Bitcoin and Ether traded little changed Friday morning in Asia, with most other top 10 non-stablecoin cryptocurrencies losing ground.
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NFT December sales surge to highest since June amid ‘tax-loss harvesting’
Slump in prices of some non-fungible tokens and other digital assets allows U.S. holders to take advantage of a loophole to reduce capital gains taxes.
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Silvergate cuts 40% of staff after facing US$8.1B in withdrawals amid FTX collapse
Cryptocurrency bank Silvergate Capital has laid off 40% of its staff, or about 200 employees, after the collapse of FTX.com, which sparked mass withdrawals of around US$8.1 billion.
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Markets: Bitcoin slips, Ether unchanged, Dogecoin gains most among top 10 coins
Bitcoin edged down and Ether remained unchanged on the day, in Thursday afternoon trading in Asia. Dogecoin was the biggest gainer among the top 10 non-stablecoin cryptocurrencies, while Litecoin recorded the largest loss.
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Crypto P2E game investments not protected by law, China court says
A Shanghai court ruled that investments in cryptocurrency-powered play-to-earn (P2E) games are not protected by law in China.
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U.S. authorities to seize US$460 mln of Robinhood shares in FTX fraud case
U.S. prosecutors are moving to seize the US$460 million worth of Robinhood Markets Inc., shares linked to Sam Bankman-Fried, the former chief executive officer of Bahamas-based bankrupt cryptocurrency exchange FTX.com
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MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC
MoneyGram has requested the court to seal certain portions of summary judgment materials in Ripple Labs’ ongoing lawsuit against the SEC.
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How ‘naming collisions’ threaten the promise of Web3
What are ‘naming collisions,’ and why will unique user-owned identities play a pivotal role in Web3’s future success? Matthew Gould explains.
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Markets: Bitcoin, Ether rise with most other tokens amid mixed signals on U.S. economic outlook
Bitcoin and Ether rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies. Cardano led the gainers, while Litecoin and Tron were the only ones on that list to fall.