Web Stories Wednesday, November 11
Crypto Trust Firms Challenge Banks in US Derivatives Settlement

Crypto companies are moving deeper into financial services traditionally dominated by banks, seeking a role in US derivatives settlements, where billions of dollars change hands daily.The push comes as regulators expand the services trust companies can provide, even as traditional banking groups challenge parts of the regulatory framework governing crypto firms’ expansion into banklike activities.A Nov. 5 decision by the Commodity Futures Trading Commission (CFTC) illustrates the shift, allowing derivatives clearinghouses to use trust companies…

United States

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Politics

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Business

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Brazil’s Mercado Bitcoin to Resume Cash Withdrawals After M Hack

Crypto exchange Mercado Bitcoin will resume deposits and withdrawals in Brazilian reais via Pix, the country’s instant payment system, next week, a company representative told Cointelegraph. The restart will come more than 15 days after an attack drained an estimated $49 million from wallets linked to the exchange.Customers will only…

Lifestyle

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