Framework Ventures led the seed round for the firm, which was founded by former employees of market maker Jane Street.

Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin’s steadily increasing price, are what they should be paying

The latest price moves in bitcoin (BTC) and crypto markets in context for March 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

The banking network will now look at applications like securities settlement and trade finance

The news follows streaming service Spotify’s release of token-gated playlists.

The bullish reversal pattern would open doors for a 50% price rally, chart analysts said.

Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches.

A stablecoin backed by $1 worth of bitcoin and 1x short of a bitcoin perpetual future can be used to provide stability to such a token, Hayes said.

The exchange’s current banking partner is only accessible to users based in the European Economic Area (EEA).

Following the closure of crypto-friendly bank Silvergate, the focus will be on actions by Signature Bank and crypto exchange Binance, the report said.