institutions – Page 2

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector

March 25, 2023

U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet…
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US regulatory crackdown leads to $32M digital asset outflows: CoinShares

February 21, 2023

Institutional investors are feeling the heat as the SEC targets all aspects of the crypto industry in the United States. Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of 2023. On Feb. 20,…
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Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings

October 9, 2022

Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt. Institutions Are Holding…
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The blue fox: DeFi’s rise and the birth of Metamask Institutional

October 7, 2022

The popularity of decentralized finance played an integral role in the launch of MetaMask Institutional as companies looked to safely enter the space. MetaMask is arguably one of the most well-known self-custodial Ethereum software wallets in the cryptocurrency ecosystem, with its signature Orange Fox avatar plug-in acting as a portal to the world of Ether…
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The Right Side of Crypto Regulation: Institutions Need to Avoid Thucydides’ Trap

July 31, 2022

Anton Chashchin is a Managing Partner at the digital assets platform Bitfrost.io. __________ The days when cryptocurrencies were reserved for the underground are fast becoming history. But the power dynamics in finance are all too familiar…. Read More: The Right Side of Crypto Regulation: Institutions Need to Avoid Thucydides’ Trap Read more »Pay, Trade, Buy Bitcoin…
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OKX Lures More Institutions with New Trading Feature

June 30, 2022

Crypto exchange OKX is adding a new feature to make it easier for institutions to make large trades without risking price slippage. According to an announcement from OKX on Thursday, the new feature, known as OKX Block Trading, will allow large orders to be transacted “in bulk.” A bulk order is a type of over-the-counter…
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Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

December 25, 2021

Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was…
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DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks

November 12, 2021

Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The…
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Okcoin reports altcoins drove institutional interest in crypto for 2021

October 26, 2021

The recent purchasing behavior of institutional investors contrasts with that in 2020 and earlier, when “institutions exclusively favored altcoins that were at least four years old, such as Ether and Litecoin.” Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and…
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Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

October 22, 2021

Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank…
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