Bitfinex Securities is set to launch Blockstream Mining Note 2 (BMN2) in El Salvador, aiming to make Bitcoin mining investments more accessible with a lower minimum investment requirement. This initiative aligns with El Salvador’s favorable regulatory environment for digital assets, following its adoption of Bitcoin as legal tender in 2021. Tether’s relocation to El Salvador further underscores the country’s ambition to become a global crypto hub, having secured a Digital Asset Service Provider license.
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News from LUX
Generated 0 posts last week Analysts Recommend Buying Bitcoin Dip Amid Temporary Market Correction
Analysts, including Geoffrey Kendrick from Standard Chartered, view Bitcoin’s recent drop below $100,000 as a temporary correction and a prime “buy the dip” opportunity, citing strong macro fundamentals and a bullish long-term outlook. Despite short-term volatility, they believe the selloff was a knee-jerk reaction to overblown expectations regarding Trump’s crypto policies and a tech-driven market correction. As Bitcoin stabilizes around $99,800, experts encourage investors to remain calm and seize the opportunity amidst market fluctuations.
read moreRipple’s Legal Counsel Discusses Crypto Regulation and Tokenization at XRP Community Day
Ripple’s Chief Legal Counsel, Stuart Alderoty, will discuss the regulatory outlook for 2025 and tokenization policies during the upcoming XRP Community Day on January 28. This follows Ripple’s legal victory against the SEC, which ruled that XRP is not a security for retail investors, although the SEC is appealing the decision. Ripple has also invested $5 million in a tokenized money market fund, marking a significant step in its partnership with Archax to bring Real World Assets to the XRP Ledger.
read moreRipple’s Legal Counsel Discusses Future Regulations and XRP Community Day Insights
Ripple’s Chief Legal Counsel, Stuart Alderoty, will discuss the regulatory outlook for 2025 and the company’s next steps following its legal victory against the SEC at the XRP Community Day on January 28. The SEC’s appeal of a ruling that XRP is not a security for retail investors adds uncertainty to the situation. The event will also cover tokenization policies and their implications for the crypto market, highlighting Ripple’s recent investment in a tokenized money market fund.
read moreBellevue Group returns to Zurich to enhance business dynamics and growth
Bellevue Asset Management has relocated back to Zurich, aiming to enhance collaboration among its 70 employees and foster a stronger corporate culture. The move comes after significant cash outflows in recent years, with the firm now focusing on healthcare strategies and new funds, including AI Health and Obesity Solutions. Additionally, Christian Koch has taken over management of BB Biotech as the company seeks revitalization.
read moreBitstamp to Launch Regulated Crypto Derivatives Trading in Europe
Bitstamp, the longest-running cryptocurrency exchange, is set to launch regulated crypto derivatives trading in Europe, leveraging its MiFID license. This move follows increased regulatory clarity in the region and aims to shift market dominance from offshore platforms like Deribit. The exchange, recently acquired by Robinhood, is also well-positioned in the U.S. with multiple state licenses.
read moreUBS Progresses in Data Migration from Credit Suisse in Asia and Switzerland
UBS is nearing completion of the data migration from Credit Suisse, having successfully transferred 110 petabytes of client data in Asia, with no significant issues reported. The process involves moving data to an external box for verification before integration, and preparations are underway for the more substantial migration in Switzerland. Mike Dargan, head of technology, notes that the transition has been smoother than anticipated, with many financial products now standardized.
read moreStandard Chartered Launches New Entity in Luxembourg for Advertising Data Collection
Standard Chartered has established a new entity in Luxembourg, enhancing its presence in the European market. This move is part of the bank’s strategy to expand its operations and better serve clients in the region. The initiative reflects the growing importance of Luxembourg as a financial hub.
read moreStandard Chartered launches crypto custody services in the European Union
Standard Chartered has received approval to launch digital asset custody services in the European Union, establishing a new entity in Luxembourg. This move follows the implementation of the Markets in Crypto Assets (MiCA) regulation, with Laurent Marochini appointed as CEO. The bank aims to support institutional clients in accessing the digital asset ecosystem, having already launched similar services in the UAE.
read moreStandard Chartered Secures Crypto Custody License in Luxembourg Under MiCA Framework
Standard Chartered has secured a crypto custody license in Luxembourg under the EU’s MiCA framework, enabling it to offer digital asset services across the bloc. This move enhances the bank’s regional presence and follows its earlier digital asset initiatives in the UAE. Laurent Marochini will lead operations in Luxembourg, as the bank aims to provide secure and compliant financial solutions in the evolving crypto landscape.
read moreStandard Chartered Launches New Crypto Custody Service in Luxembourg
Standard Chartered has launched a new crypto custody service in Luxembourg, expanding its offerings in the digital asset space. This initiative aims to provide secure storage solutions for cryptocurrencies, catering to the growing demand for institutional-grade services in the region.
read moreBitstamp Joins Leading Exchanges Adopting Ripple’s Stablecoin RLUSD
Ripple’s stablecoin, RLUSD, launched in mid-December, has gained traction among major exchanges, with Bitstamp recently adding it to its platform. Pegged 1:1 to the US dollar, RLUSD is designed for institutional use but has experienced initial price volatility, fluctuating between $0.96 and $1.06. Users are cautioned about the high-risk nature of the investment, with Ripple’s CTO advising against speculative behavior.
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