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Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund
23.6.2021
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest...
GameStop Just Made $1.1 Billion Selling Off Its Meme Stock
22.6.2021
After circling the drain just a year ago, Gamestop has managed to cash in on its recently skyrocketed meme stock for Scrooge McDuck piles of real cash, pulling in $1.1 billion dollars.Read more
With regulators handing out $2.5B in fines since 2014, crypto is not the 'wild west' of finance
22.6.2021
A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators
Polywhale Finance founders accused of rug pull amid abrupt shut down
22.6.2021
The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday
Activision Shareholders Vote To Keep Paying CEO Bobby Kotick A Ton Of Money
21.6.2021
Long-time Activision Blizzard CEO Bobby Kotick eked out another lucrative victory today at the company’s annual shareholder meeting with a narrow vote of 54% in favor of maintaining his generous salary and millions in annual bonuses. The win comes after a year-long campaign by CtW Investor Group...
IMA’s New Report: Agility’s Purpose in the Finance Function
21.6.2021
The IMA report on Finance Transformation elaborates the procedure of the finance team to acquire advantages of Agile and Scrum. According to the statement of Institute Management Accountants, the report explains that the finance function acquires the profit getting a slant to alteration....
Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin
21.6.2021
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...
TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report
21.6.2021
TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds...
Crypto-finance company Amber Group valued at $1B following $100M raise
21.6.2021
The Series B funding round was led by China Renaissance, with participation from several crypto venture funds, including Tiger Brokers, Tiger Global Management, Arena Holdings, DCM Ventures and Gobi Partners
Danske Bank Takes Position on Cryptocurrencies, Will Not Interfere With Crypto Trading
19.6.2021
Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s...
Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures
19.6.2021
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service...
Mark Cuban calls for stablecoin regulation in wake of Iron Finance 'bank run'
18.6.2021
After a bank run on the Iron Finance protocol cost him dearly, Mark Cuban is calling for regulation to define “what a stablecoin is and what collateralization is acceptable.”
Mark Cuban Hit by Iron Finance Token Crash, Calls for Defi Regulation
18.6.2021
Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero. Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token...
Neil Patrick Harris Hodls Bitcoin, Partners With Cryptocurrency ATM Operator
18.6.2021
Actor and bitcoin investor Neil Patrick Harris has partnered with a leading cryptocurrency ATM operator to help people see “how easy and accessible it is to invest in cryptocurrency and join the future of finance.” Harris also shared how he got into bitcoin. Neil Patrick Harris Partners...
Iron Finance Token Slides From $64 to Near Zero Following ‘Large-Scale Crypto Bank Run’
17.6.2021
The Iron Titanium token (TITAN) value has quaked a great deal after the project suffered from what the team called “the world’s first large-scale crypto bank run.” After touching a high of $64 per token on Wednesday, the project slid to near zero and remained worthless on Thursday...
Iron Finance's Algorithmic Stablecoins Warning Hits Mark Cuban Too
17.6.2021
Mark Cuban. Source: A video screenshot, Youtube/Vanity Fair
DeFi protocol Iron Finance suffered a massive impact to their TITAN token in what they described as a "bank run," and what many in the Cryptoverse called a rug pull - but inadvertently providing an important warning...
Portman & Yellen Talk Tax Reforms at Finance Hearing
17.6.2021
The recent Senate Finance Committee saw Portman addressing the claims of Committee Democrats regarding the TCJA (Tax Cuts and Jobs Act.) Senator Portman highlighted the overwhelming positives and wide-ranging effect of the legislation. Portman questioned Janet Yellen (Secretary of the Treasury)...
Bitdao Collects $230 Million in Private Capital From Investors
17.6.2021
As the decentralized finance movement proves its staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi...
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
DAOs in court? Curve Finance ponders enforcing license over rival Saddle
16.6.2021
Which takes precedence: the open-source ethos of DeFi, or the natural right to protect the fruits of your intellectual labor?