Search
SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product
8.9.2023
The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.
The regulator declared that it will abstain from imposing civil penalties against Linus...
Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding
8.9.2023
The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...
Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid
7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...
UK financial watchdog could give crypto firms until January 2024 for marketing compliance
7.9.2023
Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8
Back to School: Supporting the Next Generation of Investors
7.9.2023
How will advisors adapt to support the next gen investor? Erik Anderson from Global X takes us through the changing landscape in today’s Crypto for Advisor newsletter
UK Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
7.9.2023
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January
Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg
7.9.2023
The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Blockchain, AI Set to Transform Financial Markets: Moody's
7.9.2023
Incorporating AI and DLT into business models may require "substantial investment" at first – but could help lower expenses and improve market liquidity over time, a new report said
EU financial chief: Don't rush digital euro before new EU Comission in June 2024
7.9.2023
Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next EU Commission
Financial privacy and regulation can co-exist with ZK-proofs — Vitalik Buterin
6.9.2023
A new paper co-authored by Ethereum's Vitalik Buterin highlights the use of zero-knowledge proofs as a tool for regulatory compliance and on-chain privacy
Why Wealth Managers Are Choosing These Crypto Accounts
6.9.2023
Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency
5.9.2023
A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. Crypto’s Elite: How Bitcoin and Cryptocurrency Carved Out a...
Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers
5.9.2023
Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued...
Japan Financial Regulator Moves To End “Paper Profits” Tax On Digital Assets
5.9.2023
Japan’s top financial regulator, the Financial Services Agency (FSA) has proposed key amendments to the nation's tax code relating to profits on digital assets.
According to local news outlets, the Agency’s proposal to change the tax code is in line with several calls by industry executives...
Bybit Introduces Tradegpt: AI-Powered Chatbot Offers Real-Time Crypto Market Data, Trading Tips
4.9.2023
Dubai’s Bybit cryptocurrency exchange has unveiled an artificial intelligence (AI)-powered instrument named Tradegpt. The new chatbot can scrutinize the exchange’s existing market data and offer an in-depth price evaluation by employing bitcoin’s current metrics as an example....
LSE Group begins exploring blockchain for traditional financial assets
4.9.2023
The LSE Group, which stands for London Stock Exchange Group, has said that it is venturing out to explore the possible use cases of blockchain technology for traditional financial assets. Blockchain technology is known to support crypto assets like BTC and ETH. However, the Group is in talks...
Report: London Stock Exchange Group Mulls Blockchain-Based Trading for Traditional Financial Assets
4.9.2023
The London Stock Exchange Group (LSEG) is exploring the potential for using blockchain to offer extensive trading of traditional financial assets, a company executive told the Financial Times on Monday.
Per Murray Roos, head of capital markets at the LSEG, the company has reached an “inflection...
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records
4.9.2023
The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly...