OCC Green-Lights Crypto Activities for Banks

In recent months, the federal Office of the Comptroller of the Currency (OCC) has signaled a more permissible regulatory stance towards national banks and federal savings associations (collectively, banks) engaging in crypto-asset activities. “I will continue to work diligently to ensure regulations are effective and not excessive, while maintaining...
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Crypto Exchange WhiteBIT’s Token Jumps 30% Over Juventus Partnership

The price of cryptocurrency exchange WhiteBIT’s token, WhiteBIT Coin WBT, climbed more than 30% in the last 24 hours after the exchange announced a high-profile partnership with Italian football club Juventus. Under a new three-year deal, WhiteBIT became the “official cryptocurrency exchange” and “official sleeve partner” of Juventus, according...
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Bitcoin Boosts Canaan’s Mining Output, But 1 Risk Could Stall Progress

Canaan Inc.‘s (NASDAQ:CAN) May press release indicated that 109 bitcoins were mined, up 25% from April’s figure, driven by favorable prices of the world’s leading cryptocurrency, according to Rosenblatt Securities. The Canaan Analyst: Analyst Kevin Cassidy reaffirmed a Buy rating and price target of $5. The Canaan Thesis: While...
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