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Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial
18.1.2021
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
British financial advisor calls on the gov’t to ban crypto transactions
15.1.2021
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions
Galaxy enters Bitcoin mining, launches financial services unit for miners
15.1.2021
Mike Novogratz's Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners
Galaxy Digital Launches Proprietary Mining, Miner Financial Services
14.1.2021
Galaxy has launched its proprietary mining and miner financial services operations
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
14.1.2021
A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to...
Financial advisers are betting on Bitcoin as a hedge
13.1.2021
A new Bitwise survey highlights a more favorable attitude towards Bitcoin and cryptocurrencies
Financial Censorship After Capitol Riot ‘Truly Chilling,’ Says OCC Chief Brian Brooks
13.1.2021
“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”
Most US Financial Advisors Want to up Crypto Holdings in 2021 – Survey
13.1.2021
American financial advisors are growing increasingly crypto-keen, with a survey of almost 1,000 professionals in December showing that no advisors were looking to offload crypto holdings over the year ahead.
The findings were compiled in a report about financial advisers and their crypto-related...
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop
13.1.2021
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.”...
Number of financial planners investing in crypto increases by 50%
13.1.2021
A survey published by Bitwise has found that nearly 10% of investment advisors have made client portfolio allocations into crypto assets
New Zealand’s Financial Watchdog Warns on Crypto Investment Risks
12.1.2021
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns
IFEX International Financial Virtual Expo to Be Held on February 10–11
12.1.2021
AFAQ Group, MENA region’s renowned exhibitions organizer, has announced the launch of the International Financial Virtual Expo—IFEX, February 10–11, 2021. The event will bring together leading brands in the online trading, fintech, banking, digital assets, blockchain, and payments sphere,...
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach
12.1.2021
Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil. Special Focus...
Bank of America Predicts ‘Mother of All Bubbles’ for Bitcoin
10.1.2021
Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the “increasingly speculative” investing behavior of bitcoin. Bank of America Warns of Huge...
Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy
9.1.2021
Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial...
'Two cops on the beat': Regulator wants sole authority to charter fintech firms
7.1.2021
The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms
Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
7.1.2021
Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including...
Israeli Regulator Designates Utility Tokens Issued by Companies as Securities
6.1.2021
The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did...
Financial analyst agrees Bitcoin could be 'rat poison,' but not in the way you think
6.1.2021
Even crypto industry experts might agree with Warren Buffett’s description of Bitcoin, under this interpretation