While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…
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Ark Invest Pumps up their Coinbase Stocks by $16 million, Degens Love It
Institutional investors are gradually warming up to cryptocurrencies, and Cathie Wood‘s Ark Invest’s recent acquisition of Coinbase stocks is the latest example of this trend. According to recent reports, Ark Invest acquired almost $16 million worth of Coinbase stocks in…
Banks to keep more reserve if they deal with Crypto
The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…
Stablecoin Issuer Paxos in a Pickle by SEC
Paxos, a New York-based technology and financial company, is in a pickle after the Security and Exchange Commission (SEC) stated that it plans to sue the company for regulatory violations over its issuance of a stablecoin. This seems to be…
Can Bitcoin Make You Rich?
The use of objects with perceived value as a medium of exchange dates back to ancient times. It is believed that our ancestors traded using the barter system before money was used. We are now in the digital assets and…
Bitcoin is an Insurance Policy to Protect Purchasing Power and Wealth – Cathie Wood
People listen when a veteran investor who has $60 billion under management makes a prediction. Cathie Wood, founder and CEO of Ark Invest, remains bullish on Bitcoin (BTC). She even went further and described the number one cryptocurrency as an…
Mr. Wonderful Says Binance and FTX Were at War
Kevin O’Leary, a popular Canadian businessman, said that Binance is at fault for the collapse of FTX. This was part of Kevin’s statement when he appeared to testify at a Dec 14 US Senate Committee hearing about FTX’s implosion. Below…
BNY Mellon Offers New Crypto Asset Custody Platform
BNY Mellon, the world’s largest custodian bank, announced that it is now accepting select clients’ Bitcoin (BTC)and Ethereum (ETH) deposits. The bank got approval from New York’s financial regulator to offer cryptocurrency custodial services this fall. BNY’s CEO of Asset…
4th largest Crypto firm by market value is considering moving to London due to US regulations
Ripple is the 4th largest traded coin is working to help companies move money across the world seamlessly with clients from all over the world. The firm value is estimated to be around 10million and even had plans to go…
Overstock.com is venturing into the tokenized securities space
With the advent of blockchain, tokenized securities are now a reality. Overstock.com, an American online retailer has now made its moves in this space.