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Former Ripple advisor set to become Comptroller of the Currency: WSJ
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency.
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Going long: 270K Bitcoin moved into storage in a month
Investors are in it for the long run, locking 270,000 BTC away over the last 30 days.
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Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar
According to a recent report, the cryptocurrency custodian Xapo is getting ready to become a “fully-fledged” bank in the British Overseas Territory of Gibraltar. The region located at the southern tip of the Iberian Peninsula has also been extending “regulatory guidelines for digital asset exchanges,” according to a partner at the international law firm Isolas […]
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Eth2 notches up 66K validators as devs reveal progress for 2021
Analysis of recent deposits to the Eth2 contract address reveals the number of individual validators is on the rise.
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President Biden freezes FinCEN's proposed crypto wallet regulations
President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.
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Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.
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Nebraska senator introduces bills to allow state banks to custody crypto
“We need to be a leader in FinTech,” said State Senator Mike Flood.
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Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin Adoption Ruffer provided an update […]
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Some institutional investors taking profit as Bitcoin retraces
CoinShares has noted significant outflows from institutional products this past week, signaling some institutions have been realizing profits amid BTC’s recent pull-back.
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Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review
Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.