Tagged: crypto-assets

UK-based Fintech Zeux Introduces Savings-like Account Offering 5% Interest Rate, Supports BTC and ETH

UK-based Fintech Zeux has introduced a safe, Easy Access Money Pot, which is a mobile-based platform that awards app users 5% interest (at the annual equivalent rate or AER). The Easy Access Money Pot, which aims to be an alternative to traditional savings accounts, has… Read More

Grayscale Records “Most Significant Asset Raising Year” with Total Investments Valued at $607.7 Million for FY 2019

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report, which highlights the firm’s record-setting investment activity from last year. The report also includes important information about Grayscale’s activity during… Read More

Chainalysis: Binance, Huobi, other Major Exchanges Used to Transfer $2.8 Billion in Bitcoin to Criminals in 2019

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

Fidelity Digital Assets to Offer Custody Services for Bitcoin Held by UK’s Nickel Digital Asset Management

Fidelity Digital Assets, the crypto investment arm of Fidelity Investments, a Boston, Massachusetts-based multinational financial services corporation with over $2.4 trillion of assets under management, is planning to offer custody services for Bitcoin (BTC) held by UK-based cryptocurrency investment company Nickel Digital Asset Management. Established… Read More

Very Few Financial Advisors Have Allocated to Digital Assets, But Intend to Invest More in Crypto in 2020: Report

A survey recently published by Bitwise Asset Management reveals that very few financial advisors have allocated digital assets for their clients’ investment portfolios, however, more claim they’re planning to invest in cryptocurrencies this year. More than 400 financial advisors responded to Bitwise’s survey in December… Read More

Alex Wang: Ember Fund CEO Explains how his Company Intends to Make Cryptocurrency Investment Opportunities More Accessible

Ember Fund is a company that aims to fundamentally change the way people make investments in digital assets. The firm has created a technology solution that allows people to easily buy into a managed portfolio of digital currencies. The Ember Fund team intends to bring… Read More

NBA Player Spencer Dinwiddie Says His Tokenized Investment Vehicle Will Launch on January 13

Professional NBA basketball player Spencer Dinwiddie, who plays for the Brooklyn Nets, recently noted that his DLT-enabled tokenized investment vehicle will be officially introduced on January 13, 2020. This, despite the NBA’s warning that it might ban him from the US and Canada-based professional basketball… Read More

South Korea’s Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country’s Regulatory Free Zone

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free… Read More

Turkey’s Capital Markets Board Is Planning to Regulate Cryptocurrency Transactions

Turkey’s Capital Markets Board is reportedly planning to regulate cryptocurrency-related transactions. The Capital Markets Board of Turkey (CMB), the regulatory agency that oversees the nation’s financial securities markets, is in the process of formulating guidelines to examine, audit, and regulate the local digital asset markets,… Read More

Luc Falempin: Tokeny Solutions CEO Discusses the Processes Involved in Conducting Security Token Offerings

Luc Falempin, CEO at Tokeny Solutions, a compliant security tokenization platform, recently shared his views and insights with Crowdfund Insider. Tokeny helps mid-cap firms, investment banks, funds, asset managers and distributors to “dematerialize” assets on the blockchain, which allows them to reach a global audience,… Read More

Malta-based Digital Asset Exchange Binance to Support Euro Trading Against BTC, ETH, XRP, BNB

Malta-based digital asset exchange Binance has announced that it will be supporting euro (EUR) trading against six major cryptocurrencies, as part of the global platform’s latest fiat-focused expansion. According to Binance’s latest blog post, the exchange enabled trading for EUR pairs at 8am on January… Read More

Crypto Trading Software Developer CoinRoutes Saw Over $1 Billion Worth of Digital Assets in Order Flow on its Platform in 2019

New York-headquartered trading software developer CoinRoutes revealed on December 30 that the firm saw over $1 billion worth of crypto-assets in order flow on its platform during 2019. CoinRoutes, which creates algorithmic trading software tools for digital assets, noted that it had handled over 21,000… Read More

South Korea’s National Tax Service to Withhold $70 Million in Taxes from Leading Crypto Exchange Bithumb

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70 million) from Bithumb, the nation’s largest digital asset trading platform. Bithumb Holdings’ largest shareholder, Vidente, which operates Bithumb’s Korea division, confirmed… Read More

Binance’s Digital Asset Exchange for US Traders, Binance.US, Launches Beta Testing of its iOS App for All Platform Users

Binance’s digital asset exchange for US-based traders, Binance.US, has launched beta testing of its iOS application for all platform users. The leading cryptocurrency exchange noted that it had started its beta testing via a December 30 tweet. Binance’s management confirmed the successful private beta test… Read More

Crypto Exchange Bitfinex Aims to Strengthen its KYC Processes and Guidelines

Digital asset exchange Bitfinex has reportedly been beefing up its know your customer (KYC) requirements and guidelines. The crypto trading platform sent an email to its verified users requesting additional identifying information. The purpose of Bitfinex’s email is to strengthen its due-diligence processes and to… Read More

Malta-based Crypto Exchange OKEx Introduces Bitcoin (BTC) Options Trading for Select Group of Traders

Malta-headquartered digital asset exchange OKEx has introduced Bitcoin (BTC) options trading for a certain group of crypto traders ahead of their official public launch, which is scheduled for January of next year. According to a release, OKEx claims it’s ranked third-largest out of all digital… Read More

European Commission Launches Two Consultations, One on Crypto Assets, 2nd on Cybersecurity

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

Multi-Billion Dollar Crypto Platform Cardano Now Has Over $195 Million in Staked Digital Currency (ADA) on its Test Network

Cardano (ADA), one of the largest (by market cap) platforms for building and deploying decentralized applications (dApps), now has over 5 billion ADA tokens, worth about $195 million, staked on its testnet – reportedly within 24 hours of the launch of Cardano’s testnet. Input Output… Read More

Celsius Network is Using Fireblocks’ Enterprise Platform to Secure Over $400 Million in Digital Assets

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

The International Securities Services Association Publishes Paper on Crypto-Assets, Makes Recommendations Regarding Issuance & Trading

The International Securities Services Association (ISSA), a Switzerland based association that promotes best practices in the securities sector, has added their voice to the emerging digital asset or crypto-asset sector. This includes security tokens, payment tokens (cryptocurrencies, stablecoins etc.) and utility tokens. In October 2018,… Read More

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