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Crypto currently is comparable to the early days of cell phones, Coinbase President says
14.5.2021
Crypto needs to be more user-friendly, according to Emilie Choi
Spanish Regulator Green-lights Institutional Crypto Investment
14.5.2021
Spain’s market regulator has announced that it will allow firms operating funds to make crypto investments – but only under certain conditions.
Per El Economista, the National Securities Market Commission (known locally as the CNMV) has published a new set of guidelines for institutional investors....
Investment Bank Cowen to Help Institutions Seamlessly Put Cryptocurrencies in Their Portfolios
14.5.2021
Investment bank Cowan, founded in 1918, is launching a cryptocurrency service in partnership with Standard Custody & Trust Co. to help institutional clients “seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios.” Cowan’s CEO said:...
Crypto PR: The good, the bad and the shoddy
14.5.2021
India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report
14.5.2021
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. RBI Asking Banks...
Diginex's crypto custody arm receives green light from UK financial watchdog
14.5.2021
The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions
Turkish customs confiscate over 500 smuggled Bitcoin mining rigs
14.5.2021
Turkey’s biggest bust against crypto mining smugglers resulted in the seizure of $600,000 worth of illegal Bitcoin ASIC miners and the detention of four suspects
Singapore’s biggest bank launches crypto trust solution
14.5.2021
After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution
'Fear' grips Bitcoin as crypto market sentiment drops to lowest levels since April 2020
14.5.2021
Trader sentiment is verging on "extreme fear," the Index shows amid echoes of the climate after the March 2020 cross-asset crash
Early crypto pioneer slams Elon Musk’s ‘hypocrisy’ on Bitcoin payments
14.5.2021
One early cryptocurrency entrepeneur thinks Elon Musk lacks moral consistency when it comes to his management of Bitcoin
The Aspiring Answers to Bitcoin’s Enormous Energy Footprint
14.5.2021
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback. Musk’s Comments Conveniently Ignore Reality of Blockchain...
DBS Launches Bank-Backed Crypto Trust Service in Asia First
14.5.2021
The bank becomes the first in Asia to offer crypto trust services providing custody and trading
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...
Cuban President Discusses Adopting Cryptocurrencies for the ‘Convenience’ of the National Economy
14.5.2021
Cuba has been actively discussing the possibility of adopting cryptocurrencies over the last few months during high-political summits. This time, the president of the Caribbean island discussed crypto assets once again during a virtual currencies topic on the summit agenda, talking about...
State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
14.5.2021
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security...
South Korea: Interest in Crypto Equal Between Younger and Older Age Groups
14.5.2021
The authors of a detailed report on the profile of crypto investors in South Korea have concluded that Crypto Fever 2.0 has been marked by a spike in interest among older age groups – with those in their 40s and 50s expressing a similar amount of interest in tokens as the ever-crypto-keen 20-39...
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
14.5.2021
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like...
Floyd ‘Money’ Mayweather to Launch Legacy NFTs Ahead of Fight With Logan Paul
13.5.2021
Boxing legend Floyd Mayweather will release his own NFTs before the upcoming bout with Youtuber Logan Paul. The exclusive collection celebrates Mayweather’s legacy in life and sport with unique items. Floyd remained undefeated throughout his professional career after winning major titles...
Does Mike Novogratz hold more than $5B in crypto?
13.5.2021
In a recent interview, the Galaxy Digital founder said his crypto investments amounted to 85% of his net worth