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Report: Traditional Banks in Africa Hold Trust Advantage Over Fintechs

13.11.2021
A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can still be a part of the fintech financial revolution if they leverage one of their most significant assets: client trust. Partnerships Between Banks and Fintechs The report urges...

Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies

13.11.2021
Onedegree, a virtual insurer based in Hong Kong, will provide insurance services for digital assets as part of a partnership with a local cryptocurrency exchange. By working together, the two firms hope to alleviate concerns discouraging potential investors from entering the crypto market....

Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

13.11.2021
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited...

SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns

12.11.2021
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.”...

Physical Must-Haves in a Digital World: 4 Essentials for Bitcoiners

12.11.2021
While the cryptocurrency community is built on a continuing legacy of leveraging software to support decentralized economic systems, hardware still has a place in the crypto universe. In this article, we will delve into the handful of physical tools bitcoiners can use in the fast-growing...

Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment

12.11.2021
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply...

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...

This Is Why Bitwise Withdrew BTC Futures ETF

11.11.2021
The crypto index fund provider Bitwise Asset Management says it has withdrawn its application for a bitcoin (BTC) futures-backed exchange-traded fund (ETF) in the US, and will instead focus its efforts on getting a spot-based ETF across the finish line. According to Bitwise’s chief investment...

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