Category: Finance


Georgia to Pilot Digital Currency in Retail Commerce Next Year


Georgia to Pilot Digital Currency in Retail Commerce Next YearThe central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari in 2022 The National Bank of Georgia […]


Grayscale Adds Solana and Uniswap to Crypto Investment Fund


Grayscale Adds Solana and Uniswap to Crypto Investment FundGrayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios. Solana and Uniswap Added to Grayscale Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Friday […]



State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform


State Bank of India SBI Blocks Funds to Crypto Exchanges on UPI PlatformState Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank of India, the country’s largest bank, has reportedly “blocked the receipt of […]


Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team


Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research TeamGlobal investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said. Morgan Stanley Sets Up New Research Team Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported […]


Hedge Fund Brevan Howard Expands Crypto Business — Expert Hired to Lead New Digital Asset Unit


Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.” Growing Interest in Crypto From Hedge Funds In addition to creating BH Digital, Brevan Howard, according to a Reuters […]


Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC


Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTCNasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at […]



Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace


Payments Giant Mastercard Acquires Blockchain Intelligence Firm CiphertraceMastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s and Mastercard’s cyber security solutions. Mastercard Purchased Ciphertrace for Undisclosed Sum On Thursday, the financial payments giant Mastercard (NYSE: MA) […]


Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’


The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa advocates for a “collective and collaborative approach by authorities around the world.” […]


Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate Predictions


The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders […]



Japan’s Financial Giant SBI to Launch Cryptocurrency Fund


Japan's Financial Giant SBI to Launch Cryptocurrency FundJapanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios,” said an executive of the company. SBI Holdings Launching Crypto Fund SBI Holdings Inc. has revealed its […]



AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’


AOC, Pressley, Tlaib 'Urge' Biden to Replace Fed Chair With Someone Willing to Address 'Climate Change'All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential […]


Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products


Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks Business-to-business transaction bank Incore Bank, in collaboration with Inacta and Crypto Finance Group, has […]


Citigroup Files to Trade Bitcoin Futures, Says Clients Are ‘Increasingly Interested’ in Cryptocurrency


Citigroup Files to Trade Bitcoin Futures, Says Clients Are 'Increasingly Interested' in CryptoCitigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup Awaits Regulatory Approval to Trade Bitcoin Futures Citigroup Inc. is reportedly considering whether to offer its […]


Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to ‘Double Down on Technology’


Vienna-based crypto platform Bitpanda has announced the firm has secured $263 million in a Series C funding round. The financing was led by Valar Ventures and Leadblock Partners, Jump Capital, Alan Howard, and Redo Ventures joined the investment round. The latest financing gives Bitpanda an overall valuation of $4.1 billion. Crypto Unicorn Bitpanda Is Now […]


Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert


Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency ExpertLloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network. Lloyds is one of the largest financial services firms in the world with close to $500 billion assets under management (AUM). The new digital currency […]


Southeast Asia’s Largest Bank DBS Expands Crypto Business to Meet ‘Growing Demand’


Southeast Asia’s Largest Bank DBS Expands Crypto Business to Meet 'Growing Demand'DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet the growing demand for cryptocurrency. DBS Sees ‘Keen Interest Among Asset Managers and […]


Crypto Data Firm Dune Analytics Raises $8M — Series A Round Led by Union Square Ventures


The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help and monitor other blockchains. Crypto Metrics Provider […]


Bitpay Adds Google Pay for US Cardholders to Spend Cryptocurrencies


Bitpay Adds Google Pay for US Cardholders to Spend CryptocurrenciesCrypto payment service provider Bitpay has updated its wallet app to include Google Pay for U.S. cardholders to spend their cryptocurrencies. The company has already added Apple Pay and Samsung Pay is expected in the near future. Bitpay Updates Wallet App to Include Google Pay Leading crypto payment service provider Bitpay announced Wednesday that it […]


Multi-Billion Dollar Wealth Manager Neuberger Berman Adds Exposure to Bitcoin, Ethereum


Multi-Billion Dollar Wealth Manager Neuberger Berman Adds Exposure to Bitcoin, EthereumThe private investment management firm with $402 billion in assets under management (AUM), Neuberger Berman Group LLC, has revealed the company now has active exposure to cryptocurrencies like bitcoin. The multi-billion-dollar asset manager disclosed this information in a Form 497 in order to comply with the Securities and Exchange Commission’s EDGAR filing system. Neuberger Berman’s […]


Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation Statements


Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation StatementsFollowing a number of statements this week from the U.S. Securities and Exchange Commission’s (SEC) Gary Gensler, wealth management firm Vaneck has filed for a bitcoin futures exchange-traded fund (ETF). Vaneck Files for a Bitcoin Futures-Focused Fund Called the Bitcoin Strategy ETF On August 10, the wealth manager Vaneck filed an application with the SEC […]