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Miami Mayor Open to Bitcoin Investment, Crypto Bill Pay Plans
30.12.2020
Francis Suarez. Source: A screenshot, Instagram/mayorofmiami
The Mayor of Miami, Florida, has stated that he is “definitely open to exploring” the idea of investing 1% of the city’s treasury reserves in bitcoin (BTC).
The Mayor, Francis Suarez, was reacting on Twitter to a challenge from Anthony...
Cover Protocol Plans New Token After Attack
28.12.2020
Cover Protocol announced it's exploring launching a new COVER token through the snapshot before the attack by a "white hat" hacker on Monday morning
Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year
23.12.2020
On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on...
Puerto Rico Neobank the Latest to Unveil Bitcoin, Ethereum Custody Plans
22.12.2020
The number of banks around the world launching crypto custody just continues to grow – with a Puerto Rico-based so-called neobank named FV Bank the latest to board the gravy train.
Per a press release, the bank announced that it had been given permission by the Puerto Rico regulatory Office of...
Huobi plans return to the US after ceasing operations in 2019
22.12.2020
Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019
Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund
22.12.2020
In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans...
Global Equity Head at Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold
22.12.2020
Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated...
CME Group to Launch Ethereum Futures in February Pending Regulatory Approval
16.12.2020
On December 16, the Chicago Mercantile Exchange (CME) announced that CME Group is expanding the company’s crypto derivatives and plans to launch Ethereum futures. The company said the launch is based on increasing client demand and aims to launch the new ether derivatives products on February...
Sberbank Urges Central Bank to Reconsider Digital Ruble Issuance Plans
16.12.2020
The state-controlled commercial bank Sberbank has expressed fears that the Russian Central Bank’s “digital ruble” plans will have a negative effect on liquidity in the nation.
The Central Bank has accelerated its plans to roll out a central bank digital currency (CBDC) with a pilot slated for next...
Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders
14.12.2020
The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation...
Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity
12.12.2020
Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can use this technology at the ATL facility...
Spain’s Second Largest Bank BBVA Launches Bitcoin Trading and Custody in Switzerland
10.12.2020
BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody Services BBVA announced...
Politicians, Industry, Crypto Fans Unite to Reject Treasury Wallet Plans
10.12.2020
Resistance to a new bill rumored to be in the pipelines at the American Treasury Department is growing amid fears that the measure is “potentially being jammed through without congressional review, and without meaningful industry engagement.”
Many in the crypto industry – including Coinbase...
Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin
9.12.2020
Microstrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million...
Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
8.12.2020
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring...
Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
7.12.2020
BBVA is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans
US Representatives Add Digital Currencies to the 2021 Defense Bill
6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...
India Plans to Tax Income From Bitcoin Investments: Report
5.12.2020
The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times
China's central bank plans digital yuan pilot for payments to Hong Kong
4.12.2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong
Russia’s Biggest Bank Sberbank Unveils Crypto Plans to Follow Upcoming Regulation
2.12.2020
The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan. Sberbank’s Crypto Plans...