In a world where almost every asset has shown vulnerability, digital assets have proven themselves to be reliable. The coronavirus pandemic has truly been a watershed event — not just for the financial industry but for the world at large. Many had plans and goals that they wanted to achieve before the year ran out…
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The power of a strong community in scaling blockchain-based projects should not be understated. Cryptocurrency was built on the premise that a reimagined financial system could exist. It was brought to life by a community that supported these ideals and worked tirelessly to bring them to fruition. As the blockchain community grows, so does the…
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Do you know how a crypto fund works, and what investors should look for in a tokenized portfolio? Put your knowledge to the test in our quiz. Read more »Pay, Trade, Buy Bitcoin with Credit Card
China is not the only country that wants control of this highly coveted industry. Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated…
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A forex exchange in Japan will start crypto CFD trading soon. Japanese financial giant SBI Holdings is preparing to launch contract-for-difference, or CFD, trading for major cryptocurrencies. Starting Aug. 31, SBI Holdings will start CFD trading service for crypto assets, including Bitcoin (BTC), Ether (ETH) and XRP, Cointelegraph Japan reported on Aug. 28. As officially announced, the new…
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Crypto is truly a global asset class. Showing continued digital asset growth in Africa, Nigeria-based crypto exchange, Yellow Card, has secured over $1 million in investments from a number of players in the crypto industry, including venture capital firm Andreessen Horowitz. “Yellow Card has raised $1.5 million from investors to help further our expansion and solidify…
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The first regulated stablecoin in Switzerland is entering e-commerce. Galaxus, the largest online retailer in Switzerland, could start accepting payments in a stablecoin issued by local cryptocurrency bank Sygnum. According to an Aug. 27 tweet by Sygnum, the companies have just completed an electronic commerce payment using Sygnum Bank’s stablecoin known as Digital Swiss Franc…
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Digital asset financial services firm BitGo has formally applied for a New York Trust Charter from the NYDFS. Digital asset financial services firm BitGo is applying to become a qualified cryptocurrency custodian in New York state. In its announcement on Aug. 25, BitGo said its decision was spurred by fresh regulatory developments in the United…
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The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies. According to El Economista, the so-called “G7 banking”…
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Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry. According to the…
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