Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider.Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects … [Read more...] about Binance Gains Bahrain Approval to Become Crypto Asset Service Provider
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Ex-Google CEO Eric Schmidt Joins Oracle Provider Chainlink as Strategic Advisor
Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic advisor, the blockchain project announced Tuesday.Chainlink develops oracle networks to connect real world data with smart contracts built on blockchains.Using node operators such as Deutshe Telekom’s T-Systems, Swisscom and the Associated Press, Chainlink’s network triggers and secures more than $80 … [Read more...] about Ex-Google CEO Eric Schmidt Joins Oracle Provider Chainlink as Strategic Advisor
Aave’s Push for Institutional DeFi Gets Second KYC Provider Proposal
Securitize, a technology provider for issuing tokenized securities, is bringing its system of identity verification to decentralized finance (DeFi) as the world of “degens” inches closer to Wall Street.The firm, regulated by the Securities and Exchange Commission (SEC) and a holder of U.S. broker-deal and alternative trading system (ATS) licenses, proposed its … [Read more...] about Aave’s Push for Institutional DeFi Gets Second KYC Provider Proposal
Bitcoin Miner Riot Buys Electrical Equipment Provider ESS Metron for $50M
One of the largest bitcoin miners, Riot Blockchain (RIOT), is buying electrical equipment provider ESS Metron for $50 million, consisting of up to 715,413 shares of Riot’s common stock and $25 million in cash, according to a press release.Denver, Colorado-based ESS Metron is a key supplier to Riot’s Whinstone, Texas facility and provides “highly engineered, custom product … [Read more...] about Bitcoin Miner Riot Buys Electrical Equipment Provider ESS Metron for $50M
CoinShares Acquires Crypto Investment Provider Napoleon for $15.7M
Digital asset manager CoinShares agreed to buy French crypto investment product provider Napoleon Crypto SAS for €13.9 million ($15.7 million).The transaction will be settled in cash and shares with the issuance of 363,636 new shares at €10.80 ($12.2) each, CoinShares announced Wednesday.The deal is expected to be completed in the second week of December.Napoleon provides … [Read more...] about CoinShares Acquires Crypto Investment Provider Napoleon for $15.7M