GameStop Announces Purchase of 4,710 Bitcoins
NYSE: GME, GameStop announced that it has purchased 4,710 Bitcoin as part of the company’s financial reserves. The move is a continuation of the new financial strategy approved by the board in March, which aims to include Bitcoin in its asset portfolio.
UAE Launches Finfluencer License to Regulate Digital Finance Content
According to FinanceFeeds, the United Arab Emirates Securities and Commodities Authority (SCA) has introduced the “Finfluencer” license to regulate individuals who publish financial investment advice on platforms such as social media. This new license aims to increase market transparency and strengthen investor protection. Covering all public communication channels, the license expects its holders to adhere to the same compliance standards as traditional financial advisors. Registration, renewal and legal advisory fees will be exempt for the first three years.
Telegram Plans to Issue $1.5 Billion in Bonds
According to the Wall Street Journal, Telegram plans to issue $1.5 billion worth of five-year bonds to buy back debt issued in 2021 and maturing next year. The bonds will carry an interest rate of 9% per annum and investors include Blackstone Group, Abu Dhabi sovereign wealth fund Mubadala and newcomer hedge fund Citadel.
TON Foundation Appoints Former Visa Executive to Lead Global Payments Strategy
The TON Foundation has appointed former Visa crypto executive Nikola Plecas as vice president of payments, The Block reports. Plecas will manage TON and Telegram-based app partnerships and regulatory strategies. He will also work to optimize the conversion process between fiat and cryptocurrencies. Plecas previously served as head of Visa’s European crypto operations.
Ripple Sends Additional Letter to SEC
Ripple’s Chief Legal Officer Stuart Alderoty announced that Ripple has sent a supplemental letter to the US Securities and Exchange Commission (SEC) Cryptocurrency Task Force. The letter focuses on the issue of when digital assets can become independent from an investment contract. This step is in response to questions raised by SEC Commissioner Peirce in his “New Paradigm” speech.
KernelDAO and WLFI Collaborate to Make USD1 a Collateralizable Asset
KernelDAO announced that it is partnering with World Liberty Financial (WLFI) to integrate the USD1 stablecoin as a collateralizable asset on the platform. Through this collaboration, USD1 holders will be able to use their stablecoin to provide economic security to third-party applications and will be rewarded with Kernel points.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
