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$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt
19.6.2021
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s...
Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit
18.6.2021
In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application...
Republican Campaign Arm Accepts Crypto Assets – Attempts to Pursue ‘Every Avenue to Stop Pelosi’s Socialist Agenda’
17.6.2021
The House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct...
FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year
17.6.2021
The UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital...
Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman
17.6.2021
Financial adviser, Ric Edelman says his colleagues need to get rid of their bias and examine Bitcoin and crypto assets with “open eyes” and “genuine curiosity.”
Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
17.6.2021
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners....
Thailand’s XSpring Capital raises $225M to build integrated financial marketplace
17.6.2021
Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance
British Financial Advisers Don't Like Crypto & Meme Stocks + More News
16.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Over 90% of 200 surveyed independent financial advisers (IFAs) in Britain would never recommend cryptocurrencies...
Crypto and ‘meme stocks’ shunned by 90% of UK financial advisers
16.6.2021
A recent Opinium poll has shown that a majority of British financial advisers are not advocates of crypto investing for their clients
Defi Derivatives Exchange Dydx Raises $65 Million – Project Plans to ‘Launch a Mobile Application’
16.6.2021
The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through...
Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows
16.6.2021
Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect...
Italy’s Financial Watchdog Raises Concerns Over Unregulated Cryptocurrency Market
16.6.2021
The chairman of Italy’s financial regulator has raised concerns over the cryptocurrency market without proper regulation. “Without proper oversight there could be a worsening in market transparency, the basis of legality and rational choice for (market) operators,” he said....
Europe Raises 20 Unicorns This Year Including Crypto Companies
15.6.2021
Twice as many European startups have achieved unicorn status in 2021 compared to last year. Despite the negative effects of the ongoing Covid crisis, young companies on the Old Continent, including several crypto unicorns, have managed to attract a record high amount of VC capital. European...
US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal
13.6.2021
U.S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF). Senator...
Crypto is the next step toward a cashless society
13.6.2021
It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption
DeFi will bring global revolution to the traditional finance space
13.6.2021
DeFi has marked the birth of an open alternative to the current financial system, promising broader financial inclusivity
Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed
12.6.2021
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such...
Wall Street Giants Want to Be Your Landlord – Data Shows Megabanks Are Buying up All the US Real Estate
11.6.2021
Homebuyers in the United States have found difficulties acquiring single-family homes after the year-long business shutdowns and lockdowns that followed Covid-19. It seems there’s a new wave of homebuyers in the U.S. real estate market, with buyers stemming from hedge funds, pension funds...
IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender
11.6.2021
The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with...
Financial Giant State Street Launches Digital Finance Division – Unit’s Focus Aimed at Crypto and Defi
11.6.2021
On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi...