Category: Finance

Diversified Crypto Fund Receives FINRA Regulatory Approval

Diversified Crypto Fund Receives FINRA Regulatory ApprovalGrayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss […]

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SEC Rejects Another High-Profile Bitcoin ETF Proposal

SEC Rejects Another High-Profile Bitcoin ETF ProposalAnother high-profile proposal for a bitcoin exchange-traded fund (ETF) has been denied by the U.S. Securities and Exchange Commission (SEC). The agency, however, emphasized that the disapproval was not based on whether bitcoin has utility or value as an innovation or an investment. Shares of the Bitwise Bitcoin ETF Trust were to be listed on […]

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United Nations Agency Unicef Launches Cryptocurrency Fund

United Nations Agency Unicef Launches Cryptocurrency FundUnicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide. Also read: RBI Ban Stops Indian Police From Cashing Out Seized Crypto […]

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Major German Coop Bank Passes Negative Interest Rates to Customers

Major German Coop Bank Passes Negative Interest Rates to CustomersOne of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive […]

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Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M AccountsSberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government […]

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Data Shows Institutional Interest in Bitcoin Has Diminished

Data Shows Institutional Interest in Bitcoin Has DiminishedLast spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that institutional interest is waning and new data that analyzed […]

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7 Crypto ETPs Now Trading on Main Swiss Stock Exchange

7 Crypto ETPs Now Trading on Main Swiss Stock ExchangeSwitzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also read: New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals Crypto Index in Swiss Franc MV […]

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German Bank Predicts BTC at $90,000 After Next Halving

German Bank Predicts BTC at $90,000 After Next HalvingYou wouldn’t expect a traditional financial institution to come up with a very optimistic forecast about the future of a cryptocurrency or an honest appraisal of its design. But Bayern LB, a lender based in the rich German province of Bavaria, has surprised the crypto community. In a recently published research paper, the bank asks […]

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Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Bankers Start to Recognize Bitcoin’s Role in Financial EvolutionDigitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and […]

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XinFin, Black Tier Solutions and Blockchain at Michigan Announce Joint Partnership

XinFin, Black Tier Solutions and Blockchain at Michigan Announce Joint PartnershipBlack Tier Solutions announced a partnership with Blockchain at Michigan.

Black Tier Solutions will be responsible for assisting the University of Michigan Blockchain group to develop a tokenized student rewards program and a tokenized gaming platform using XinFin Hybrid technology.

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Swiss Banks Team With Fintechs to Enter the Crypto Space

Swiss Banks Team With Fintechs to Enter the Crypto SpaceMultiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech startup […]

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Bitcoin Cash Futures Expected to Open up US Market by Q1 2020

Bitcoin Cash Futures Expected to Open up US Market by Q1 2020Futures contracts on bitcoin cash can be available at a CFTC-regulated exchange by the end of this year or the first quarter of 2020. This will allow institutional U.S. investors to trade on a derivative of the cryptocurrency and bring in more trading volume for BCH overall. Also Read: HTC Adds Native Bitcoin Cash Support […]

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Crypto Facilitates Money Transfer for Restricted China

Crypto Facilitates Money Transfer for Restricted ChinaCrypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can […]

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Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will

Catering to Crypto Clients, Small Banks Embrace an Opportunity Big Players Are Missing Out OnCryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this […]

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Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

Greta Thunberg Joins Satoshi in Questioning Bank BailoutsSaving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from Scandinavia, dubbed a “next generation leader,” has once again […]

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Crypto Banking Expands With Positive Interest Rates and New Services

Crypto Banking Expands With Positive Interest Rates and New ServicesBanking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […]

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Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products

Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim ProductsThere are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product. Also read: Indian Government’s New Report Views Crypto Positively […]

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Why the Birth of Bitcoin Can Be Traced Back to 1971

Why the Birth of Bitcoin Can Be Traced Back to 1971The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

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Crypto Lending Platforms Prepare to Assail the Banking System

Crypto Lending Platforms Prepare their Assault on the Banking SystemThe battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come […]

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Ban on Negative Rates Initiative Gains Traction in GermanyNegative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, […]

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The New Bitcoin Banks Are Here

The New Bitcoin Banks Are HereA new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, […]

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Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Major Swedish Bank Surprises With Negative Interest Rate on Euro DepositsSub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to […]

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As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

US Expands Subprime Mortgage Program, Is a New Crisis Looming?The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new […]

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