Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the…
Celsius CEO Alex Mashinsky announces self-insurance for all its users’ coins Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today. 2 min read →
Earlier this month, a partnership deal emerged, in which Stellar holders would be able to access Moneygram locations to exchange USDC for cash, and vice versa, in person. Moneygram has over 350,000 locations in 200 countries. Stellar’s Chief Executive Officer Denelle Dixon said this was huge for Stellar as it effectively bridges the blockchain and…
Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency. CBN orders banks to close crypto trader accounts The CBN, on November 3, released a circular signed…
Morgan Stanley’s leading cryptocurrency strategist Sheena Shah anticipates the banking industry to capitalize on the demand for stablecoin deposits, reported CoinDesk. Stablecoins, which are often regarded as a bridge between crypto and fiat currencies, have a broad use case in the booming decentralized finance (DeFi) sector. Banks missing out not likely The stablecoin market cap…
A job description posted on Revolut’s LinkedIn page indicates that the London-based fintech startup is looking forward to recruiting a tech team that will assist the firm in building its crypto exchange. According to the official job posting, digital bank Revolut is looking to hire a tech team that will lead the company towards establishing…
Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains number one The Coinshare’s…
Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90% In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. 3 min read →
Hashgraph raises $100 Million, now valued at $6 billion Hedera Hashgraph, a company using an improved blockchain version that claims to be faster, securer, and more scalable than existing blockchain networks raised $100 million in a private, funding round. 2 min read →
Are Regulators Dividing in Order to Conquer? As regulators are now seemingly dividing the markets geographically, are they perhaps even disturbing a possible level playing field of the markets? It, therefore, warrants a closer look at regulators, and—perhaps more importantly—ascertain what sets them apart. 6 min read →