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Fidelity to Expand Institutional Crypto Business to Europe
17.12.2019
Fidelity Investment, one of the world's largest asset managers, is setting up a new entity to serve European institutional investors in digital assets
Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report
17.12.2019
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may...
State Street Teams up With Winklevoss-Founded Gemini Exchange for Digital Assets Trial
17.12.2019
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new trial that examines reporting scenarios for digital assets
Fidelity Digital Assets possibly adding ETH support
16.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 16 December, 2019 “Peace begins with a smile.” - Mother Theresa In today's newsletter, we will be covering: Chinese courts using blockchain technology to settle cases Tether sponsoring new version of Bitcoin tokenization layer...
Fidelity Digital Assets to Consider Rolling Out Ether Support in 2020
15.12.2019
Fidelity Digital Assets plans to add support for Ether next year subject to sufficient demand, said the firm’s president
German Bank Launches Digital Assets Unit to Offer Custody Products
13.12.2019
Berlin-based solarisBank has opened a subsidiary to offer a white-labeled custody product to nonbanks interested in offering crypto products
Mainstream Investment Vehicles Tied to Cryptocurrencies Grow Exponentially
13.12.2019
These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. The landscape of crypto investment vehicles has changed significantly as institutional and retail investors don’t need direct exposure to cryptocurrencies in order to invest...
German Fintechs Rush to Offer Crypto Custody Services Under New Law
13.12.2019
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will...
Crypto Custody Firm Trustology Cuts Staff as Banks Delay on Digital Assets
12.12.2019
Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto
IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian
12.12.2019
According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining...
German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets
12.12.2019
Solaris Digital Assets GmbH will provide the full range of solarisBank’s digital white-label banking services
Market Update: Despite Uncertainty, BTC Longs Skyrocket
11.12.2019
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying...
CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto
11.12.2019
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but...
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
State Street: 38% of Clients Will Put More Money into Digital Assets in 2020
6.12.2019
The majority of asset managers that bank with State Street are interested in digital assets, but none have asked the global custodian to store them yet
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
Venture Capitalists Have Invested Over $200M in Stablecoins
6.12.2019
Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...
Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins
5.12.2019
A panel of top U.S. financial regulators urged federal and state officials to monitor risks from digital assets like bitcoin
Circle Warns Poloniex US Customer Assets May Be Sent to the Government
5.12.2019
As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....
Despite the Recent Slump, Crypto Prices Improved a Great Deal in 2019
2.12.2019
As far as prices are concerned, 2019’s cryptocurrency markets fared much better than the year prior. Currently, the entire market capitalization of all digital assets is hovering just above the $200 billion mark. The following is a look at the cryptocurrency market’s biggest gainers...