Cleartoken Secures $10M in Funding to Pioneer UKs First Digital Asset Clearing House

On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomuras Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that its raised $10 million in order to [...]

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Here’s Why Regulators Were Accused of “Illegal Overreach” Against Crypto Industry by Cooper & Kirk Law Firm

Cooper & Kirk law firm sends letter to US Congress alleging regulatory overreach against the crypto industry.

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Shanghai Clearing House Introduces Support for Digital Yuan Settlements

The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central bank digital currency (CBDC), in international markets. Shanghai Clearing House to Support Digital Yuan

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U.S. MetaMask Users Can Now Instantly Buy Crypto from Their Bank Accounts

MetaMask, the crypto wallet by ConsenSys that’s become a go-to for many, has launched a new feature.

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FTX Quietly Seeks to Buy Brokerage Startups Amid Move into Stock Trading

FTX has reached out quietly to at least three stock trading start-ups seeking an acquisition. The deals come as the crypto exchange recently launched stock trading. (Read More)

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DTCC to Build Prototype Supporting US Digital Dollar in Clearing & Settlement Process

The prototype aims to examine the ability of US clearing and settlement infrastructure to support the US central bank digital currency using a DLT platform. (Read More)

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Luxury Car Dealer Dutton Garage to Accept Cryptocurrency Payments via CoinSpot

Dutton Garage partners with CoinSpot. Australians can now purchase cars from Dutton Garage, a luxury and prestige card dealer using cryptocurrencies.

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Wall Street Giants Propel EDX Markets into Digital Asset Trading Scene

EDX Markets, a new digital asset marketplace, has announced the successful initiation of its trading operations, backed by a consortium of major financial institutions. Among the mentioned companies are several Wall Street giants, including Charles Schwab, Fidelity Investments, and Citadel Securities.

The company has also completed a new funding round that brought additional strategic investors on board. In a future plan to optimize the market, the platform aims to introduce a clearinghouse, EDX Clearing, later this year.

EDX Markets Starts Operations Supported by Wall Street's Giants

The EDX Markets platform began trading recently and claims that it stands out from the competition thanks to its liquidity, competitive quotes, and unique non-custodial model. EDX Markets aims to lessen potential conflicts of interest. EDX also brought a retail-only quote to the crypto markets, which resulted in improved pricing for retail-originated orders.

The platform supports the trading of the most popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

"EDX's ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market," Jamil Nazarali, the CEO of EDX, commented.

"We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices.

In line with its launch, the platform closed a new funding round. This round introduced new strategic investors like DV Crypto, GTS and Miami International Holdings. These firms joined the original coalition of investors, including Wall Street giants mentioned before, like Charles Schwab, Citadel Securities, Fidelity Digital, Sequoia Capital and Virtu Financial.

The funds acquired will aid in the platform's continued development and reinforcement of its market leadership.

JUST IN: Citadel, Fidelity, and Charles Schwab launch new #crypto exchange platform, EDX Markets.

EDX Markets to Launch EDX Clearing

A new development on the horizon for EDX Markets is the launch of EDX Clearing. This clearinghouse will settle trades matched on EDX Markets, acting as a central counterparty.

"Looking ahead, EDX Clearing will be a major differentiator for EDX - and resolve an unmet need in the market - by enhancing competition and creating unparalleled operational efficiency through a single settlement process," Nazarali added.

The investment firm BlackRock has also decided to venture into cryptocurrencies. Last week, it proposed establishing its first Bitcoin ETF in the United States. This new instrument will provide investors with secure and regulated access to the BTC market if approved.

These moves come at a time when there is increasing pressure from regulators on digital asset companies in the United States. The Securities and Exchange Commission (SEC) has filed lawsuits against the two largest exchanges in the country, Coinbase and Binance. This has made the crypto landscape more challenging but also illustrates the growing importance of digital assets in the financial ecosystem.

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Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings

Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by the U.S. bankruptcy court located in Delaware. Cryptocurrency Exchange Bittrex US Enables Customer [...]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

The objective of Cycles is to clear the most debt for the most people with the least money, Informal Systems CEO Ethan Buchman said.

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Euroclear makes first Asia investment with Marketnode stake

The major European securities settlement firm has found an Asian platform for its FundPlace offering.

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Cboe Receives CFTC Approval to Launch Leveraged Crypto Derivatives

Crypto exchange and clearinghouse Cboe Digital will be able to offer margined bitcoin and ether futures contracts with the approval of the U.S. derivatives markets regulator. This will allow its clients to trade cryptocurrency futures with less collateralized capital upfront. Cboe Wins Regulatory Nod for Margin Trades on Crypto Futures Exchange U.S. exchange operator Cboe

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SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns

Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files Emergency Motion to Freeze Assets Held by BAM Management US [...]

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Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares

Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses after being tested in just two bus lines. Jinan Includes Digital Yuan Payments In

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Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval from Congress. SEC Lawsuit: Bittrex Seeks Dismissal, Citing Lack of [...]

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