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Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
‘Alarm’ Rings as Crypto Trading Outpaces Stock Market in South Korea
19.4.2021
Source: Adobe/Сергей Шиманович
South Korean crypto trading volumes have outperformed stock market activity for the first time in the nation’s history, with crypto trading gathering pace at a rate some find “alarming.”
Media outlets such as Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun...
Time Magazine to accept crypto payments for digital subscriptions
19.4.2021
Crypto.com users can buy 18-month subscriptions of Time Magazine using CRO and other cryptocurrencies
China ‘endorses’ BTC investment: 5 things to watch in Bitcoin this week
19.4.2021
A rare seal of approval from the People's Bank of China comes as Bitcoin recovers from a price crash which sent it to $52,000
South Korea plans interagency crackdown on illegal crypto transactions
19.4.2021
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week
ASIC calls for closer engagement, but crypto industry says rules are unclear
19.4.2021
Australia’s securities regulator wants crypto firms to work closely with it, but industry executives are unsure of their obligations
US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman
19.4.2021
Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt...
Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble
19.4.2021
The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as...
Crypto users demand reinstatement of Pakistani government adviser following sudden resignation
18.4.2021
Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers
Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up
18.4.2021
The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities
Hedge Fund Investment Firm Brevan Howard to Start Investing in Cryptocurrencies
18.4.2021
Brevan Howard, one of Europe’s largest hedge funds with $13.7 billion in assets under management, is reportedly set to start buying cryptocurrencies. The investment firm previously bought a 25% stake in One River Asset Management, which runs a number of cryptocurrency funds. Major Hedge Fund...
China is studying crypto as an investment tool, says PBoC deputy governor
18.4.2021
The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin
More IRS summonses for crypto exchange account holders
18.4.2021
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited
OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread
18.4.2021
Rumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some...
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
JulSwap Listing on AscendEX
18.4.2021
PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Julswap Token (JULD) under the pair USDT/JULD on Apr 16 at 1:00 p.m. UTC. JulSwap is a community-centric decentralized exchange...
The perils of suing crypto exchanges after ransomware attacks
18.4.2021
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition
Bitcoin on balance sheet attracts negative attention from anti-crypto banks
18.4.2021
Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors
Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA
18.4.2021
The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects...
Almost USD 10 Billion Liquidated Amid Sunday Selloff In Crypto Market
18.4.2021
USD 9.9bn worth of trading positions in the crypto derivatives market were liquidated in the past 24 hours as the crypto market experienced a sharp selloff on Sunday.
More than USD 5bn of them are positions in bitcoin (BTC).
At around 03:00 UTC, BTC dropped from USD 59,000 to below USD 53,000,...