Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain Pact During Bilateral Fintech Forum The Thai Fintech Association and Hungary’s Blockchain Coalition…
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Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself? Is the International Monetary Fund (IMF) really hostile to crypto? Many in the cryptocurrency and blockchain space think so. In January, the fund asked El Salvador to drop Bitcoin (BTC) as legal tender. In May,…
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The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for laundering using digital assets. South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital assets. The FSC noted that…
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In partnership with Eaglebrook, the strategies will be offered to registered investment advisors. Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMAs) through a collaboration with the digital asset platform Eaglebrook, the companies announced on Oct.…
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As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance, blockchain and Web3 technologies. Fireblocks, a New York-based blockchain security service provider, made over $100 million in Annual Recurring Revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments. ARR relates to the recurring revenue earned by…
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The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals. The Vienna-based fintech unicorn Bitpanda is harkening back to the ways of traditional finance (TradFi) through new offerings on its exchange platform. By adding commodities to its list of available investment options, Bitpanda aims to provide its…
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It’s no secret the banking system doesn’t like Bitcoin — but does that stance challenge Bitcoin-first companies? Cointelegraph investigates. Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with…
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The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer. Inc. magazine has named BlockFi the fastest growing company in the United States in 2022. At the top of the magazine’s Inc. 5000 2022 list,…
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DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises. “By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessible.” Leading DeFi protocols are now seeking exposure to real-world assets. DeFi “has passed the threshold of speculation and investment.”____… Read More:…
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Many respondents from major banks said the technology would likely be unimportant for liquidity management practices until 2027. A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future. According to the…
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