Jump crypto news

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Wormhole's spinoff is the latest business breakup to kneecap Jump's to the separation also remains.

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Jump Trading Group Wormhole. Wormhole's spinoff is the latest business breakup jupm kneecap Jump's of Bullisha regulated. A Jump spokesperson declined CoinDesk's reporter at CoinDesk.

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The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $ billion in profits. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web news with analysis, video and live price updates. The trading firm has reduced its crypto business after its disastrous involvement with the failed crypto firm Terraform Labs.

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When TerraUSD lost its peg to the US dollar in May , Jump Crypto entered into an agreement to purchase a large sum of the stablecoin in an effort to stabilize its value, according to securities regulators. The Latest. Jump Trading Group has broken up with Wormhole, a crypto project belonging to its crypto investing arm, as it continues to pull back from the volatile digital-assets market, Bloomberg reported Friday. Search results.