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Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
14.10.2021
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from...
Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
13.10.2021
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with...
Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals
13.10.2021
Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes from a survey of victims conducted by a public non-profit organization. Fifth of Finiko...
Institutional crypto products eye record AUM as investors pile into Bitcoin
12.10.2021
Institutional investors piled $225 million into Bitcoin products while Ether products saw outflows of $13.6 million this past week
Pantera CEO Wants a Reminder the Day Before a US Bitcoin ETF Launches — ‘I Might Want to Take Some Chips off the Table’
11.10.2021
On October 6, Pantera Capital published an investor’s note written by Dan Morehead, the company’s CEO. Unlike the myriad of crypto investors who believe that a bitcoin exchange-traded fund (ETF) will send the crypto asset’s value to the moon, Morehead explains it could be...
AUD/USD May Grow After New South Wales’ Reopening as Investors Eye Energy Prices
11.10.2021
After completing a packed week, Asia-Pacific markets are ready for a positive week. The coming few days do not have much in terms of risky events, indicating an uneventful calendar. AUD/USD is a positive sign after ending the week with 0.50% growth. Since the week’s start does not offer...
Spellfire Ends Seed Funding Round – Autonomy Capital, Terranova, x21, Among Top Investors
11.10.2021
Spellfire, the Ethereum-backed card-based NFT game, recently completed its seed funding round. The round involved names like Autonomy Capital, Terranova, and x21 amassing 360,000 dollars investment into the project. The numbers attracted even more investors towards its upcoming private round....
China to Add Cryptocurrency Mining to ‘Negative List for Market Access’ Making the Industry Off-Limits to Investors
9.10.2021
China has proposed adding cryptocurrency mining to the country’s latest “Negative List for Market Access.” This will make cryptocurrency mining an industry that is off-limits to investors, another move by the Chinese government to clamp down on crypto-related activities....
Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors
8.10.2021
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against...
Four Venture Capitalists Just Over-Subscribed Ertha’s Seed Funding Round in One Day
8.10.2021
Ertha’s metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding...
Regulation Key to African Fintech Sector Growth — New Study
8.10.2021
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract...
Pro-Crypto Congressman Blasts SEC’s Gensler Over Regulation Plans
8.10.2021
nt/1c999f26-5fc9-4008-84bb-1f706c6251a7">told the Financial Times, then adding:“But I think Gary Gensler’s vision is much broader, and frankly because of it, he’s having a negative impact — and potentially will have a really big negative impact — on retail investors and opportunities out
Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
8.10.2021
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
8.10.2021
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not...
‘Public’ Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as ‘Compelling Asset Class’
8.10.2021
Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said. Public Launches Cryptocurrency Trading Investing platform Public describes itself...
Russia aims to limit crypto purchases by non-accredited investors
7.10.2021
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases
Startups, Scaleups, Investors, and Govs Get All the Benefits at DSRPTD 2021
7.10.2021
DSRPTD 2021 is set to disrupt the VC scene this year with an entrepreneurial experience to increase the brand awareness of startups, scaleups, investors, and governments’ initiatives, growing their network, connecting them with investors, and expand their market reach as well as media...
Spellfire Completes Seed Funding Round – Terranova, x21, Autonomy Capital Among Top Investors Onboard
6.10.2021
Spellfire, a legendary card-based NFT game powered by Ethereum and incorporating some unique features, has successfully completed its seed funding round. Terranova, x21 and Autonomy Capital have led 360,000 USD investment into the project, with more investors eyeing spellfire’s incoming...
NFT Project ‘Evolved Apes' Developer Disappears with USD 2.9M
6.10.2021
rialized, and the developer has now vanished, according to a report from Vice.Also
New Crypto Unicorn is Born in India, Backed by a16z and Coinbase
6.10.2021
and major crypto exchange Coinbase's venture capital arm. It also included existing investors Paradigm, Ribbit Capital, Sequoia Capital India, and Tiger Global.The company was