Cryptocurrency
Nasdaq partners with XP to launch cryptocurrency exchange in Brazil
Nasdaq partners with XP to launch cryptocurrency exchange in Brazil
XP (NASDAQ:XP) informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody.
XP stated that the exchange will initially offer the purchase and sale of cryptocurrencies, but the intention is that the platform will also support other digital assets and investment products based on crypto assets.
Russia will inevitably legalize crypto payments says trade minister
Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, Denis Manturov.
The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s finance ministry via its “On Digital Currency” bill from April.
‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse
Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant “Grim Reapers of Yeoui-do” to investigate Terra’s fall.
The special investigative and prosecutorial team consists of members from various financial regulators, and is designed to prosecute securities fraud and unfair trading schemes. Potentially at risk are co-founders Do Kwon and Shin Hyun-seong, along with core members of the Terra team. Yeoui-do is the financial center of Seoul.
$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M
Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.”
Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player communities with Discord used as an example, and gaming infrastructure providers.
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Russia will inevitably legalize crypto payments says trade minister
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‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse
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$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M
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