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Fake BlackRock XRP Filing, Crypto.com Wins Dubai License
Whales Unload $2.22 billion in BTC, U.S. CPI Flat, FTX & BlockFi Begin Mediation
Welcome to Coinfeeds Daily Digest! Today we cover the rapidly rising interest and dealmaking in crypto across the globe — a gaming company Boyaa planning to buy $45M in BTC as a treasury reserve asset in Hong Kong, Crypto.com winning the VASP digital asset license in Dubai, and other key developments in the US. The first window of SEC's deadline for the Bitcoin ETFs decision is here, and the agency has until November 17th to decide on 12 pending applications. A major fake BlackRock XRP filing spoofed market participants. An OECD survey concluded that cryptocurrency is now the second most popular investment in France. $13.5 million in SOL shifts from FTX-linked wallets as Solana rallies and FTX begins mediations alongside BlockFi.
Hong Kong's Boyaa Plans to Buy $45M in Bitcoin As Treasury Reserve Asset
Hong Kong-based gaming company Boyaa Interactive is making headlines with its recent announcement to diversify its treasury reserves into cryptocurrency. The company has outlined a bold strategy to invest $45 million in Bitcoin (BTC) as a part of its asset allocation strategy.
Crypto.com Secures Key License to Operate in Dubai
Crypto.com's Dubai entity has been granted a VASP license by Dubai's Virtual Assets Regulatory Authority (VARA). Initially, the company received an MVP preparatory approval in March, paving the way for this latest regulatory achievement. The license allows Crypto.com to engage in a range of specified virtual asset service activities.
Bitcoin Whales Sell $2.22 Billion Worth of Bitcoin, Impacting Market Sentiment
Bitcoin whales have reportedly sold off an enormous amount of Bitcoin, estimated to be worth around $2.22 billion, within a span of just one week. This sell-off coincides with Bitcoin hitting a new high for the year 2023, reaching approximately $38,000.
Fake Filing: BlackRock XRP ETF Rumor Causes Market Surge and Losses
A fake filing, which appeared to indicate that investment giant BlackRock was preparing to launch an XRP ETF, caused a temporary surge in the price of XRP before it was debunked by BlackRock. The deceptive document took advantage of Delaware's corporate registration system and suggested that BlackRock was backing an XRP ETF.
SEC Faces First Deadline Window for Bitcoin ETF Decision
The SEC has until November 17 to make a decision on 12 pending applications for spot Bitcoin exchange-traded funds (ETFs). This decision is highly anticipated by investors and the crypto community, as it could pave the way for greater mainstream adoption of cryptocurrencies.
Goldman Sachs and BNP Paribas Lead $95 Million Funding for Blockchain Payments Firm Fnality
Goldman Sachs and BNP Paribas have spearheaded a $95 million funding round for Fnality, a blockchain-based wholesale payments firm. This investment marks a pivotal step in the development of a global liquidity management network that is poised to revolutionize new digital payment models and the burgeoning field of tokenized assets.
Cryptocurrency Is The Second Most Popular Investment in France
Recent surveys have highlighted that cryptocurrency is now the second most popular investment asset in France. According to a study by the Organisation for Economic Co-operation and Development (OECD) and France's Financial Markets Authority (AMF), an impressive 9.4% of the French population currently holds crypto assets.
Uniswap Labs Launches Android Mobile Wallet App with Built-in Swap Function
Uniswap Labs has introduced its Android mobile wallet application. This app comes with a powerful built-in swap function — a game-changer for users of the DEX. The app's launch on Android follows its iOS counterpart, addressing the demand for mobile-friendly crypto trading.
U.S. CPI Unexpectedly Flat, Sparks Speculation In Crypto
The core rate of the CPI, which excludes volatile food and energy prices, saw a modest increase of just 0.2% — below what many economists had forecasted. The price of Bitcoin increased by nearly 1% minutes after the announcement.