Tagged: crypto-assets

February 25, 2021 @ 11:39 pm By Omar Faridi  |  

BlockFi Inc., a financial services firm that’s focused on creating a bridge between digital currencies and traditional financial and wealth management products, has revealed that it has launched a Private Client Services offering for investors in the APAC region. BlockFi confirms that the new initiative… Read More

February 25, 2021 @ 8:28 pm By Omar Faridi  |  

Moneybees, which claims to be the very first over-the-counter (OTC) cryptocurrency service in the Philippines, has announced that it’s launching three new outlets this month. The outlets are being opened to accommodate the growing demand for OTC transactions among Filipino cryptocurrency traders and investors, according… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 24, 2021 @ 8:07 am By Omar Faridi  |  

Sunayna Tuteja, the former Managing Director, Head of Digital Assets & DLT (Blockchain, Crypto) at TD Ameritrade, has now been hired by the US Federal Reserve System as its Chief Innovation Officer. Tuteja has been a vocal supporter of Bitcoin. She claims to have gotten… Read More

February 22, 2021 @ 7:42 am By Omar Faridi  |  

Elon Musk’s Tesla Inc (NASDAQ:TSLA) has already made a billion dollars in profits from its fairly recent $1.5 billion Bitcoin (BTC) purchase. Notably, these dramatic gains could be substantially more than what Tesla may have made off of its car sales during 2020, according to… Read More

February 21, 2021 @ 10:57 pm By Omar Faridi  |  

When the US Securities and Exchange Commission (SEC) filed a lawsuit against blockchain-focused Fintech firm Ripple Labs in December 2020, the crypto industry and larger community had reacted with alarm and many were surprised. The SEC’s lawsuit also led to Ripple hiring high-profile legal experts… Read More

February 21, 2021 @ 9:40 pm By Omar Faridi  |  

The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals. Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to… Read More

February 21, 2021 @ 3:15 pm By Omar Faridi  |  

Leading crypto exchange Binance has published it Month 43 (since launching operations) report. The report from Binance includes comments on the recent Binance Coin (BNB) price action and the Binance Smart Chain (BSC), which is being more widely-adopted in the crypto space. The digital asset… Read More

February 20, 2021 @ 3:43 pm By Omar Faridi  |  

Kasasa, an financial technology and marketing services provider, has teamed up with NYDIG in order to bring Bitcoin (BTC) offerings to its diverse network of community institutions and their clients. Patrick Sells, Head of Bank Solutions at NYDIG, noted that since Kasasa‘s inception, the company… Read More

February 20, 2021 @ 11:21 am By Omar Faridi  |  

Zac Prince, CEO and Co-founder at BlockFi, a fast-growing digital assets platform, notes that with just two weeks in, the company’s Bitcoin trust is just ”a pinch” under the $100 million mark (in total BTC holdings). 2 weeks in, BlockFi’s Bitcoin trust is just a… Read More

February 19, 2021 @ 3:39 pm By Omar Faridi  |  

Ledger Vault has reportedly entered into agreement with Nexo in order to secure and protect clients’ funds. Ledger Vault aims to provide institutional-grade self-custody to Nexo. Through the partnership, which was announced on February 10, 2020, the companies will be focused on providing clients with… Read More

February 19, 2021 @ 11:07 am By Omar Faridi  |  

The IOTA Foundation has teamed up with Curv Custody in order to expand the IOTA Token Ecosystem. The IOTA developers noted that they’re pleased to confirm that the IOTA token will “soon be available” on Curv’s “industrial-grade” digital asset custody platform. With IOTA’s planned Chrysalis… Read More

February 19, 2021 @ 8:38 am By Omar Faridi  |  

As digital assets investing continues to become more widely adopted by institutional clients, Canada is introducing its second cryptocurrency exchange-traded-fund (ETF). The Ontario Securities Commission (OSC) has reportedly approved the second Bitcoin ETF from Evolve Funds, which has come only a few days after the… Read More

February 18, 2021 @ 5:05 pm By Omar Faridi  |  

Injective Labs, which supports the Injective Protocol, a “fully decentralized” layer-2 derivatives exchange protocol powering cross-chain trading and decentralized finance (DeFi), has revealed that leading (blockchain network transaction) validators globally will be joining Injective’s Equinox Staking testnet as its genesis (first set of blocks) validators…. Read More

February 18, 2021 @ 8:05 am By Omar Faridi  |  

Digital investment platform Robinhood stated on Wednesday (February 17, 2021) that it is planning to give its clients the option to deposit and withdraw digital currencies, including the “meme crypto” Dogecoin (DOGE). The stock trading app has become really popular with younger Millennial and Gen… Read More

February 17, 2021 @ 1:53 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase says it’s focused on helping its customers during tax season (in the United States) Lawrence Zlatkin, Vice President, Tax, Coinbase, notes that for the second consecutive year, taxpayers will be asked on their tax return forms questions regarding digital currencies…. Read More

February 16, 2021 @ 11:22 pm By Omar Faridi  |  

ZKSwap has introduced a “zero-gas” layer 2 decentralized (or non-custodial) exchange (DEX) to enhance the overall user experience.  Fully audited and reportedly backed by a $1.7 million investment, ZKSwap aims to provide a solution to Ethereum’s (ETH) network congestion. ZKSwap recently announced the Ethereum blockchain… Read More

February 14, 2021 @ 1:40 pm By Omar Faridi  |  

A $150 billion Morgan Stanley (NYSE:MS) investing division, which is well-known for its ability to select growth or high-potential stocks, is reportedly looking into whether it should add Bitcoin (BTC) to its investment strategy. Counterpoint Global, a division of Morgan Stanley Investment Management that has… Read More

February 13, 2021 @ 9:41 pm By Omar Faridi  |  

Last year was a very transformative year for many Fintechs including PayPal (NASDAQ: PYPL). There was a dramatic surge in digital commerce activity and a record number of new users began using PayPal’s online services (over 72 million). There was also a considerable increase in… Read More

February 12, 2021 @ 5:56 pm By Omar Faridi  |  

A Nigerian crypto trader is claiming that they sold off all their coins (crypto-assets) following the government’s directives regarding cryptocurrencies. The trader also noted that they’ve now withdrawn all their proceeds, but they haven’t “seen a dime” in their bank account and it’s been more… Read More