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Mayowa Adebajo

Articles by Mayowa Adebajo

Crypto Exchange Gemini to Launch International Derivatives Exchange

15 hours ago

The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading.

A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough liquidity as it begins to work on the creation of a new exchange.
Gemini, Others Look to Fill a Huge Gap Left by FTX
It is worth mentioning that the collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. Before its collapse, FTX held a

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Andy Warhol Artworks to Launch on New Blockchain-based Platform

17 hours ago

Each of four Warhol’s prints will be accessible as shares in the form of security tokens.

Tokenized versions of some of the artworks of Andy Warhol are set to launch on a new fine platform known as Freeport. This follows after the blockchain-based art-focused platform recently bagged approval from the US Securities and Exchange Commission (SEC).  Freeport was recently looking to complete its Reg A review and its efforts finally paid off on Wednesday. This simply implies that Freeport is now licensed to sell shares of fine artworks in the form of security tokens.
In line with this, Freeport will be selling an exclusive four-piece collection of Andy Warhol prints. According to a press release, the four works were “partially acquired” from renowned art collectors such as Jane Holzer. They

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Bitcoin (BTC) Dominance Hits Highest Level in 9 Months

2 days ago

BTC dominance has been on a steady climb in the last few weeks.

Bitcoin (BTC) price has surpassed the $28,000 level, marking an increase of 5.70% over the past 24 hours. Interestingly,  this comes as most other altcoins appear to be trading flat in the same period.
For what it’s worth, the surge in price may be directly linked to new reports that Silicon Valley Bank (SVB) will resume operations today. That is after news that the recently-troubled bank has been acquired by North Carolina-based financial institution First Citizens Bank & Trust Company.

According to FDIC, SVB was acquired for around $72 billion, and the National Association’s assets at a discount of $16.5 billion. The statement further reads:
“Approximately $90 billion in securities and other assets will remain in the

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UK Government Suspends Plans to Launch State-Owned NFT

3 days ago

In a statement about reasons for the halt of NFT plans, Chair of the Treasury Select Committee Harriet Baldwin cited the uncertainty across the cryptocurrency sector.

The UK Treasury Department has revealed it will no longer be going forward with its initial plans of launching a non-fungible token. According to an April 2022 proposal, which was put forward by then Chancellor of the Exchequer and current prime minister Rishi Sunak, the plans were part of a broader effort to make the UK a global crypto hub. At the time, Coinspeaker also reported that the British government was working on bringing stablecoins within its regulatory framework. This was to ensure that stablecoins may be used as a form of payment.
However, new updates can confirm that the Royal Mint will not be pursuing the

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German Dwpbank Launches New Platform to Offer Bitcoin Trading to Over 1,200 Affiliated Banks

4 days ago

It is expected that Dwpbank’s move will put pressure on other German banks and financial institutions in the country.

Deutsche WertpapierService Bank (Dwpbank), has launched a new platform called wpNex. The securities processing giant announced the launch via a recent press release on the new platform. According to the release, wpNex by Dwpbank will accommodate its over 1,200 affiliated banks and will allow them to offer Bitcoin (BTC) trading to their customers in the second half of this year.
Dwpbank Aims to Integrate Bitcoin Trading into Users’ Online Banking Experience
A local media report from suggests that the new service will feature crypto accounts alongside bank customers’ other accounts. This means that users will be able to see their crypto holdings alongside their

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LVMH CIO Insists Luxury Products Need Blockchain Technology

7 days ago

For LVMH, a task to convince other luxury brands to join the blockchain movement has been a difficult one.

Luxury goods company LVMH has suggested that luxury brands are dependent on blockchain technology to improve the lifecycle of their products. According to Franck Le Moal, the Chief Information Officer (CIO) of luxury goods company LVMH, “when you talk about luxury, you are talking about long-term products, repair, and care”.
And to achieve this, Le Moal, who is also the vice-chairman of Aura Blockchain Consortium has hinted at the role of blockchain technology. Speaking at this year’s Paris Blockchain Week, he said:

“Digital passports backed by a blockchain are a way to provide better repair and care services to customers, and to develop a better one-to-one relationship with

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Payments Service Klarna Adopts ChatGPT Technology, Here’s How It Plans to Use It

7 days ago

Klarna will leverage the best technology and data to help people discover new products.

Payments and shopping service Klarna may be the latest company to partner with OpenAI to use ChatGPT. According to a recent announcement by the firm, the ChatGPT Plugin has now been integrated and will serve as a personal shopping assistant to Klarna users, ushering in a new era of personalized shopping experience. That is, users may now ask Klarna for shopping advice or product recommendations, and even receive links to shop for their preferred products.
ChatGPT Brings Value to Everyone, Says Klarna CEO
Meanwhile, Klarna Co-Founder and CEO, Sebastian Siemiatkowski, has hailed the integration of the ChatGPT plugin. In his statement, he expressed his excitement at its ease of use, citing that it has

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FTX Moves to Recoup $460 Million from Modulo Capital

8 days ago

Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case.

Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated. To this end, it filed a motion on Wednesday that would see it recover $460 million in assets for stakeholders. Per the filing, the fund is being recovered from Bahamas-based hedge fund Modulo Capital, which received no less than $475 million from Alameda Research – the investment arm of FTX, throughout 2022.
According to earlier reports, the Modulo Capital investment was one of the biggest investments of FTX under the leadership of former CEO Sam Bankman-Fried (SBF). And as the new filing suggests, SBF may have directly instructed Alameda Research to carry out various

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Zilliqa (ZIL) to Launch Full EVM Compatibility by April as Token Price Falls 5%

10 days ago

Zilliqa believes that launching EVM fully would help bolster its ecosystem and expose it to the wider blockchain developer community.

Zilliqa, a high-throughput blockchain platform, has revealed plans to launch full EVM compatibility on its mainnet this year. This follows after the platform’s earlier launch of EVM on the Zilliqa testnet last December.
According to a recent blog post, the release is slated to take place on April 25th, 2023.

Zilliqa to Use EVM Compatibility for Expansion of Ecosystem
EVM (Ethereum Virtual Machine) is the backbone of the Ethereum blockchain. For the Ethereum blockchain and other compatible protocols, EVM provides developers with an easy-to-use platform for building decentralized applications such as DApps and others.
Therefore, Zilliqa believes that

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Governor Ron DeSantis Floats Bill to Ban Use of CBDCs in Florida

10 days ago

The United States has been working on its own CBDC after the Biden-led administration developed policy objectives in 2022.

The governor of Florida, Ron DeSantis, is proposing a law that seeks to ban the use of central bank-issued digital currencies (CBDCs) in the state. According to a press release, the governor explained that the legislative proposal is being floated to protect residents and businesses within the state. DeSantis also suggests that the Biden administration is trying to exercise some form of surveillance and control with the CBDC technology. Part of the statement reads:
“Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’, which will stifle innovation and promote government-sanctioned

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FTX 2.0: New York-Based Investment Firm in Talks with Potential Buyers of Defunct Exchange

11 days ago

FTX may yet have a chance to establish itself as a force to reckon with in the crypto space.

Plans to launch FTX 2.0 may gradually be shaping up after Wall Street investment firm, Jefferies, confirms that it is in talks with a potential buyer for the failed FTX exchange. If all goes according to plan, the exchange is expected to resume operations after being shut down by regulators.
Bankrupt FTX Exchange to Relaunch as FTX 2.0
According to sources familiar with the situation, Jefferies has been weighing various options regarding the sale of FTX. But now, it appears that talks have entered into advanced stages with one undisclosed buyer.

The deal, if it goes through, is expected to revive FTX from the ashes and set it right on track to be at the forefront of the cryptocurrency

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Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector

13 days ago

Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.

Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has already begun talking about the move with institutional clients.
Per the report, the exchange is also yet to decide on the particular location to use for the proposed trading platform. However, the decision appears to be in line with the recent aggressive approach of US regulators toward the crypto industry.

Regulatory Actions Tightens in the US
Following the multiple crashes that occurred in the crypto space in early 2022, there has been

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