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Shopify (SHOP) expanded its non-fungible token (NFT) integration on Thursday, uphold crypto trading allowing its millions of merchants to begin designing, minting and selling Avalanche NFTs. Using the Venly Shopify merchant app, storefronts can sell NFTs with "minimal technical knowledge," according to a press release. NFTs created by merchants are "automatically turned into products" that can be displayed and purchased on their storefronts. In addition, buyers are not required to have an existing crypto wallet and instead will receive an email with a link to a newly-created blockchain wallet. "The integration ma.
Crypto Conglomerate DCG Closes Wealth-Management Business: The Information.
Digital Currency Group, the cryptocurrency conglomerate whose Genesis Global Trading division just announced more layoffs, said it's shutting down a wealth-management division called HQ."Due the state of the broader economic environment and prolonged crypto winter presenting significant headwinds to the industry, crypto trade copy we made the decision to wind down HQ" as of Jan. 31, the company said in a statement Thursday. "We're proud of the work that the team has done and look forward to potentially revisiting the project in the future."The Information reported on the closure earlier, saying the business had.
French Central Bank Head Wants Crypto Licensing Ahead of MiCA Standards: Bloomberg.
Bank of France Governor Francois Villeroy de Galhau is pressing for stricter regulatory requirements for crypto companies in France, according to a report from Bloomberg. This would be ahead of the European Union’s landmark Markets in Crypto Assets (MiCA) regulation, which would establish a bloc-wide licensing regime for crypto firms and is scheduled to be voted on in February for implementation in 2024. Obtaining a license in France for Digital Asset Service Providers (DASPs) is currently optional and no providers currently have one, according to Bloomberg. About 60 firms do have the less str.image

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