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Bitcoin ‘Can Be’ A Reliable Financial Instrument After All: Mark Cuban
11.12.2019
Mark Cuban appears troubled when asked to give his verdict on Bitcoin’s utility as a financial instrument
Sweden’s Financial Authority Approves Swiss Crypto ETP Provider Amun
11.12.2019
On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong...
Italians Love Cash But Are Growing Fond of Crypto, New Stats Suggest
11.12.2019
Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decade. That’s probably one of the reasons why cryptocurrencies have been faring better there than in other European countries. Italians love cash but are also warming up to...
The Coolest Jobs in Crypto
10.12.2019
Meme Lord. Street artist. Unique startup founder. Feeder of the hungry. There’s no end to the amount of cool jobs in crypto, and new uses for decentralized, peer-to-peer cash are limited only by the bounds of one’s imagination. Whether finding new and innovative solutions...
China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds
9.12.2019
China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises
Cryptocurrency Exchange OKEx to Launch Options Trading This Month
9.12.2019
Major cryptocurrency exchange OKEx plans to launch options trading on Dec. 27
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
Japanese Financial Giant SBI Holdings Considers Paying Dividends in XRP
6.12.2019
SBI Holdings is considering an opt-in program that would distribute shareholder dividends in XRP
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins
5.12.2019
A panel of top U.S. financial regulators urged federal and state officials to monitor risks from digital assets like bitcoin
$4 Billion US Fintech Startup Sofi Receives New York Bitlicense
4.12.2019
Sofi is a startup valued at over $4 billion which is focusing on providing millennials with student loan refinancing, personal loans, mortgages, and other wealth management and financial services. In September it has added crypto trading to its investing platform as a response to demand from...
European Banks Struggle With Low Interest Rates and Strict Regulations
4.12.2019
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....
Gemini Hires Former Starling Bank Founder as Managing Director of Europe
4.12.2019
The exchange hired Julian Sawyer, former co-founder and chief operating officer of a U.K. digital bank, to shape the exchange’s strategy in the region and manage European hiring
Japan Now Has 21 Approved Crypto Exchanges
4.12.2019
Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so...
Bakkt Bitcoin Futures Open Interest Hits New All-Time High of $6.54M
3.12.2019
Open interest on Bakkt’s Bitcoin futures platform has hit a new record high of $6.5 million
Swiss Licensed Crypto Bank Expanding Into 9 Markets
1.12.2019
A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched...
Financial Giant Fidelity Pilots Tokenized Employee Rewards Initiative
28.11.2019
Fidelity’s research and development division has completed a proof-of-concept process with security token expert Tokensoft, says the latter’s Head of Operations Lawson Baker in a recent blog post – creating a tokenized rewards system for Fidelity employees.
Fidelity is the fourth largest asset...
Another Bank Run Highlights China’s Brewing Financial Crisis
28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...
Ant Financial Plans to Raise $1 Billion Fund for New Start-ups
27.11.2019
Alibaba founder Jack Ma, owned Ant Financial, is making plans to attract around $1 billion in investment for a fund aimed at startups in Southeast Asia and India. According to a source, the company looking to invest in startups that are focused on markets in which mobile internet is growing...