Wells Fargo’s investment branch added $5 million to Elliptic’s Series B round, which will help fuel Asian expansion and the development of a compliance solution for banks. Wells Fargo Strategic Capital, the venture arm of the fourth-largest bank in the U.S., is contributing $5 million to Elliptic’s Series B funding round. According to a Feb.…
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Binance has made a strategic investment in Alameda Research-backed crypto derivatives exchange FTX. Binance, the second-largest crypto exchange by daily traded volume, has made a strategic investment in crypto derivatives exchange FTX. According to a Dec. 20 announcement, Binance has made both an equity investment in FTX and is taking a long term position in…
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Grayscale’s Michael Sonnenshein contends that the asset manager’s Form 10 filing with U.S. regulators would be “a milestone” for the crypto industry if it’s approved. Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director…
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Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product that enables investors to generate passive income. Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product (ETP) that enables investors to generate passive income. Traded under the symbol AXTZ, the product is issued by fintech Amun AG in partnership with the Tezos…
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British cryptocurrency-friendly mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars. British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete…
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HSBC will explore the use of distributed ledger technologies for bond issuance in a joint trial with the Singapore Exchange and Temasek. Global banking giant HSBC will explore the use of blockchain for the issuance of fixed income securities in a joint trial with Singapore Exchange (SGX) and investment firm Temasek. Focused on the Asia…
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Bitcoin could end up failing to follow US dollar price predictions due to its inherent strengths over fiat currency, PlanB agrees. The creator of the highly popular Stock-to-Flow model for forecasting the Bitcoin (BTC) price says he would be happy if it stays valid for the next 12 years. PlanB: Stock-to-Flow not until 2140 In…
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A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. In an interview with Arabian Business on Oct. 29,…
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Binance’s latest research report has argued that with Ethereum’s pending switch to proof-of-stake in January, staking is set to have a major impact on the industry. Binance’s latest research report has argued that with Ethereum’s pending switch to proof-of-stake (PoS), staking is set to have a major impact on the industry. The report, published on…
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As markets began reacting to sentiment from China on Friday, Bakkt was already capitalizing on fresh institutional interest, transforming its trading activity. Institutional Bitcoin (BTC) trading platform Bakkt is on course to treble its all-time high for trade volume after hitting new records last week. Bakkt Frontruns China Hype According to data from Twitter-based monitoring…
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