Tagged: crypto investments

November 26, 2023 @ 10:13 am By Omar Faridi  |  

European Central Bank President Christine Lagarde is known for her anti-crypto stance, referring to virtual currencies as being highly speculative, completely worthless, and often used as a tool by bad actors/criminals for engaging in illicit activities. Recently, the ECB President Christine Lagarde claimed that her… Read More

October 29, 2023 @ 3:06 pm By Omar Faridi  |  

Almost no one is “happy” with the nation’s financial system— “only 9% of Americans are satisfied with it, and only 22% think it’s better than any other country’s,” according to an update shared by Coinbase (NASDAQ:COIN). But young people are “especially disillusioned by it,” the… Read More

October 20, 2023 @ 8:42 am By Omar Faridi  |  

On 8 October 2023, the FCA Financial Promotions Regime brought into effect new rules around qualifying cryptoassets. These rules set out new standards for financial promotions of cryptoassets and “apply to firms offering these products to UK consumers.” Since inception, Gemini claims it has “been… Read More

October 17, 2023 @ 9:32 pm By Omar Faridi  |  

Digital asset investment products saw inflows for the 3rd consecutive week totaling US $15m, although trading volumes remain 27% below the 2023 average, according to an update from CoinShares. CoinShares also revealed in its report that Bitcoin saw $16 million inflows last week, “bringing the… Read More

January 3, 2023 @ 9:29 am By Omar Faridi  |  

The Bitcoin market has evolved “dramatically” since its launch in 2009, according to an update from Kraken. The team at Kraken notes that what was once an “intimately small” group of tech enthusiasts has grown into a global community of investors. Some 40 million crypto… Read More

November 27, 2022 @ 10:58 pm By Omar Faridi  |  

The bankruptcy of cryptocurrency exchange FTX has “highlighted the risk of crypto investment with a number of investors having to write off their losses” including Singapore state investment firm Temasek Holdings (Private) Ltd. The company recently announced that “it would write off $275 million invested… Read More

May 23, 2022 @ 9:37 am By Omar Faridi  |  

Digital asset firm Gemini recently noted that they are pleased to confirm support for a new set of crypto tokens. Goldfinch (GFI) is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on [their] Gemini Mobile App and website… Read More

April 26, 2022 @ 7:51 am By Omar Faridi  |  

A survey from international digital currency exchange Bitstamp has found that investors “overwhelmingly” believe that “crypto will overtake many traditional investment vehicles and see universal adoption.” The findings from the first Bitstamp Crypto Pulse survey — “a comprehensive barometer of trust and adoption in crypto”… Read More

March 22, 2022 @ 8:17 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending March 18, 2022, there were outflows that continued “with $47 million,… Read More

March 8, 2022 @ 8:40 pm By Omar Faridi  |  

Optiver Principal Strategic Investments (PSI) confirmed, earlier last month, that it took part in the Series A funding round for Paradigm, a trading platform for cryptocurrency options and futures. New York-based Paradigm is focused on supporting institutional-level liquidity for cryptocurrency derivatives through their chat-based multi-dealer… Read More

February 27, 2022 @ 6:26 pm By Omar Faridi  |  

Digital asset firm Kraken notes that generating passive rewards on your money in traditional finance is not so rewarding these days. However, crypto provides participants “a novel opportunity to receive rewards through a process known as staking.” As participation in Proof-of-Stake networks increases and users… Read More

February 17, 2022 @ 5:29 pm By Omar Faridi  |  

Binance Labs, the VC and innovation incubator of Binance, made an investment in Manta Network, the Web3 privacy protocol focused on privatizing crypto-assets. Manta Network’s layer-1 network design “leverages zero-knowledge proofs to privatize crypto assets.” Built with the Substrate framework, Manta’s privacy tech interoperates with… Read More

February 13, 2022 @ 10:18 pm By Omar Faridi  |  

Binance Labs, the VC division and innovation incubator of Binance, is pleased to confirm its latest strategic investment in Automata Network, which is described as a decentralized service protocol that offers privacy middlewares for dApps (or decentralized applications). Automata Network addresses key pain points associated… Read More

January 31, 2022 @ 8:12 am By Omar Faridi  |  

Binance Labs, the venture capital and innovation incubation division of Binance, has announced a strategic investment in StarryNift, the game Metaverse and co-creating platform that aims to bring the Metaverse space to greater heights. StarryNift is described as the first gamified “massive” co-creation Web 3.0… Read More

January 10, 2022 @ 4:55 pm By Omar Faridi  |  

Callie Cox, the US-based Investment Analyst at eToro, notes that she’s always thinking about how market moves and headlines affect your finances. Starting January 7, 2022, Cox confirmed that she’ll be publishing a weekly blog, titled The Bottom Line, which will look into what’s happening… Read More

January 5, 2022 @ 2:38 pm By Omar Faridi  |  

Binance Labs has reportedly invested $12 million in WOO Network as the two parties focus on further expanding their long-standing relationship. As mentioned in an update from Binance Labs, the investment will aim to “support WOO Network’s rapid expansion through talent acquisition, research and development,… Read More

January 5, 2022 @ 8:57 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending December 31, 2021, the firm saw yearly inflows of “US$9.3bn in… Read More

December 30, 2021 @ 7:24 pm By Omar Faridi  |  

In September of this year, the team at Robinhood (NASDAQ:HOOD) had announced that crypto wallets were coming to the platform—enabling clients to not only trade, but send and receive virtual currency via the Robinhood app. Robinhood wrote in a blog post that they’d long heard… Read More

December 30, 2021 @ 3:07 pm By Omar Faridi  |  

At digital assets firm Gemini, they are focused on developing the next generation of financial services by leveraging the transformative power of blockchain or distributed technology (DLT) and cryptocurrency. Via the Gemini Frontier Fund — their strategic venture investment division — the company has  embarked… Read More

December 27, 2021 @ 1:34 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a global supporter of evolution of digital P2P payments, shared the results of a consumer survey that offers insights into cross-border money transfer flows going into 2022. Results reveal that as the requirements of family and friends abroad continue to… Read More