Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.Whenever someone asks about how to begin investing in cryptocurrency, Coinbase is usually mentioned as a good … Read more
The EU is considering new measures to ensure digital assets are not used to dodge sanctions against Russia as the bloc toughens its enforcement of the financial penalties imposed on Moscow in the past week. EU finance ministers and other officials discussed on Wednesday the risk that cryptocurrencies could be used to circumvent sanctions, officials … Read more
The CEO of LendingClub said his company is hesitant about embracing cryptocurrency, focusing instead on a bank acquisition and more traditional financial products. “Look, the customer demand is there, but my view — our view — is if you’ve got $15,000 in credit-card debt, the thing you should do with your next $500 is not … Read more
WASHINGTON (AP) — The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Vladimir Putin, that means finding workarounds to the Western economic blockade even as his forces continue to invade Ukraine.Former Treasury Department officials and sanctions experts expect Russia to … Read more
Global market research firm Nielsen expects sports sponsorships through cryptocurrencies to reach $5 billion by 2026. “As a sponsorship category, crypto has quickly catapulted into the limelight, growing exponentially faster than traditional categories. Given the widespread exposure that sports provide, the opportunities for crypto-related sponsorships are blossoming, and the number of inked deals dramatically increased … Read more
About one in four women already own crypto, the survey found Other sub sectors in the industry remain largely untapped by women as only 5% have bought an NFT or participated in crypto mining About one-third of women are planning on buying cryptocurrencies this year, according to a new survey conducted by BlockFi. Of those … Read more
In brief Discord griding has emerged as a thriving sub-economy on Fiverr. Some warn that the use of grinders can hurt the integrity of Web3 projects. The crypto industry is in a hiring frenzy with companies dangling six- and seven-figure salaries to attract top blockchain talent. But the boom has also extended to the lower … Read more
Get the Insider App A personalized feed, summary mode, and ad-free experience. Download the app Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification. Elisa Spiess is the founder of crypto advisory firm “Femme Capital.” She spoke about whether you should invest in … Read more
James McDowall is a founding partner of Arcanum Capital, which just closed a $12 million VC fund. McDowall explains why he is focusing the oversubscribed fund on blockchain projects in India. He also breaks down two early-stage crypto projects the Tim Draper-backed fund has bet on. In a big leap from sports to crypto, James … Read more
TOKYO, March 02, 2022 (GLOBE NEWSWIRE) — The SocialGood App, which gives users cryptocurrency rewards for shopping, has raised $14.2 million in Series A funding from a venture capital firm. The SocialGood App (available on iOS and Android) is partnered with more than 1,800 major online stores, including AliExpress, eBay, Nike, and more. When users … Read more
Cryptocurrency Terra has outperformed popular digital tokens Bitcoin and ether by rallying over 70% in the last seven days despite volatility, as compared to up to about 15% rise in Bitcoin and ether. Terra price has more than doubled in the last one month as the stablecoin surged over 115% during the period from hovering … Read more
Fervor surrounding the opportunities in the crypto space has seemed to upend the venture world over the past couple years with major players shaking up how their firms are fundamentally organized in order to compete with so-called crypto native investment firms. While a plethora of breakout web3 funds popped up in the past several months, … Read more
On this episode of “On Purpose,” host Tyrone Ross takes a look into the current wealth management landscape from the perspective of all types of advisers including Registered Investment Advisors, independent broker-dealers, wirehouses, banks and more. Education, access and tools for crypto are critical for advisers as clients increasingly have an interest in crypto. Source … Read more
Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison. Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch … Read more
The United Kingdom-based University of Cambridge has collaborated with some of the world’s top banking institutions and private firms to present a new project targeting cryptocurrency research. In this process, Cambridge Center for Alternative Finance (CCAF) has taken the initiative to bring more insights on the rapidly growing digital asset industry. CDAP with an aim … Read more
Here’s news that will delight cryptocurrency enthusiasts who are watching for any signs that digital currencies will be increasingly adopted by consumers and big businesses alike. So far, aside from high-end electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report, very few big companies have taken the leap to even keep bitcoin or another digital … Read more
Crypto is no viable alternative to SWIFT for sanctioned Russian banks | Fortune Source link
SFOX, a crypto prime dealer, has become the first crypto firm to win approval to become a trust charter in Wyoming. A trust charter from the crypto-friendly state allows firms to offer fiduciary and custodial services. Crypto exchange Kraken won a Wyoming bank charter in 2020. Loading Something is loading. Crypto prime dealer SFOX has … Read more
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Facepay Inc. announced today the release of Facepay Crypto, an addition to its pioneering relational payments platform known for freeing business owners from credit card transaction fees and leveraging the security of blockchain technologies. Facepay’s Relational Payments disrupted the industry with its bold fixed-price subscription model in late 2020 and is poised … Read more
Cambridge University’s Centre for Alternative Finance (CCAF) has announced a collaboration with the International Monetary Fund (IMF), the Bank for International Settlements (BIS) and others to conduct crypto research. The collaboration, dubbed the Cambridge Digital Assets Programme (CDAP), aims to bring further insight into the growing digital asset industry. “The Cambridge Digital Assets Programme that … Read more
Russia’s invasion of Ukraine is turning into a geopolitical test for Bitcoin as a digital currency in a time of crisis. So far, it appears to be passing. Bitcoin jumped more than 15% on Monday as the Treasury Department announced sanctions against Russia’s central bank and froze some Russian assets. The U.S. measures prohibit Americans … Read more
The delay in India’s cryptocurrency bill is justified, due to its complexityThe delay in India’s cryptocurrency and digital assets legislation is justified because of its complexity and the impact such a decision will have on investors and broader financial markets, said experts.In its current form, the Cryptocurrency and Regulation of Official Digital Currency Bill aims … Read more
VICTORIA, Seychelles–(BUSINESS WIRE)–Turkey is a crucial region for cryptocurrency adoption despite the lack of a regulatory framework for these assets. The KuCoin survey for Turkey in 2021 confirms interest in cryptocurrencies continues to grow, especially among women and older generations. The demand for digital assets grows amidst an ongoing financial crisis in the country. More … Read more
Cryptocurrency has become the elephant in the room for many financial markets. There are those that have embraced its potential long-term opportunities, while others have remained sceptical or critical. But is there a universal view on the case for crypto? Here, an array of Citywire’s international editors share their views on what has unfolded in their … Read more
South Korea’s crypto assets market has grown to 55.2 trillion won ($45.9 billion) as of end-2021, with the number of users amounting to nearly 5.58 million, according to a recent study by the nation’s top financial regulator on Tuesday.The Financial Service Commission conducted the study, a first of its kind, based on data compiled from … Read more
Cryptocurrency alone will not allow Russia to skirt a barrage of sanctions aimed at punishing Moscow for invading Ukraine, cryptocurrency analysts told Al Jazeera. The United States, United Kingdom, European Union and Canada announced new sanctions on Monday, this time targeting Russia’s central bank and national wealth fund. The US Treasury Department said that it was … Read more
The Securities and Exchange Commission isn’t about to give crypto lending firms a mulligan for what it says are securities law violations. That announcement, by the SEC’s new enforcement director Gurbir Grewal in an interview published by Reuters on Monday (Feb. 28), comes in the wake of a precedent-setting $100 million settlement agreement by cryptocurrency … Read more
In brief The cryptocurrency market is up nearly 11% over the last 24 hours. Bitcoin has popped 15% during the span and is back above $43,000, while Ethereum is flirting with a move back to $3,000. This morning’s rise in prices across the cryptocurrency market wasn’t a short-lived blip: the price of Bitcoin, Ethereum, and … Read more
Sam Bankman-Fried said there will be increased crypto regulation in 2022. Economic expert Michael Braml said it will put pressure on the market and bitcoin’s price. Crypto analyst Timo Emden also told Insider that full regulation remains essential. The ten largest cryptocurrencies are currently worth more than $1.5 trillion. They’re slowly but steadily entering the … Read more
“We are not going to unilaterally freeze millions of innocent users’ accounts. Crypto is meant to provide greater financial freedom for people across the globe. To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists. However, we are taking the steps necessary to ensure … Read more
A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Feb 28 (Reuters) – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data shared … Read more
“The combination of people with top-tier traditional finance experience and cutting-edge technology backgrounds was instrumental in providing that comfort level in making the move across.”Of his move to King River Capital, Mr Adams pointed to the potential for astonishing crypto returns.“Crypto-related companies and crypto markets can provide a quantum of returns like nothing we’ve seen … Read more
As the strictest COVID-19 border lockdowns begin to ease, a glimmer of hope is appearing on the horizon for the return of worldwide travel and a renaissance of in-person events. People are certainly growing more comfortable with the idea of socializing in-person; a survey by Morning Consult has found that 58% of US adults are now … Read more
Money is pouring in to aid Ukraine’s efforts against the Russian invasion – in the form of cryptocurrency. Around $20 million have been raised in crypto donations by the Ukraine’s central bank and allied NGOs, estimates blockchain consulting firm Elliptic.Why crypto?Because it allows for quick, anonymous, cross-border payments which aren’t dependent on financial institutions. Such … Read more
Spice DAO wants to be clear about one thing: it is not filming Alejandro Jodorowsky’s Dune. If you’ve heard of Spice DAO, you might know it as an example of cryptocurrency’s silliest excesses. The group began with a quest to buy one of Jodorowsky’s Dune script bibles: a set of storyboards for what’s sometimes dubbed … Read more
In this clip from “The Future of Fintech” on Motley Fool Live, recorded on Feb. 10, Motley Fool contributors Matt Frankel and Jason Hall talk about what investors need to account for and claim with their cryptocurrency gains and losses and discuss the headaches it can create when it comes to accounting. {% sfr %} … Read more
A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit TessierRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Feb 28 (Reuters) – Ukraine’s government has raised cryptocurrency worth almost $13 million after posting appeals on social media for donations of bitcoin and other digital … Read more
Feb 28 (Reuters) – Cryptocurrency exchange Binance has no plans to unilaterally freeze user accounts in Russia, the company’s representative said on Monday, after Ukraine had asked cryptocurrency bourses to block operations with Russia.”We are not going to unilaterally freeze millions of innocent users’ accounts. Crypto was meant to provide greater financial freedom for people … Read more
🔊 Listen to this Article India’s largest crypto exchange, WazirX, unveiled BUIDL With WazirX, allowing crypto entrepreneurs to build their exchange. With BUIDL – crypto version of the term ‘build’ – WazirX aims to take the ecosystem to the next level by helping aspiring crypto entrepreneurs navigate the landscape. The platform will provide various tools … Read more
More than 500 years elapsed between the founding of the world’s first bank, Monte dei Paschi di Siena, and the creation of the first set of global banking standards: the 1988 Basel accord. By that benchmark, global policymakers are ahead of the curve in devising standards for cryptocurrencies, which emerged just 13 years ago with … Read more
Global hiring firm Deel released its “State of Global Hiring 2021” report, which revealed that freelancing in Latin America is massively increasing, with more people choosing to accept parts of their paycheck in cryptocurrency. The report revealed that Argentinians and Latin America are increasingly focusing their hiring strategies on international companies and jobs. The drastic … Read more
JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold. Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch … Read more
Cryptocurrency markets continue to trade sideways this weekend, with Bitcoin and Ethereum managing to hold support. There are dozens of Metaverse crypto coins on the market with a wide range of market caps and prices. This article looks at our pick of the top five relatively low market cap Metaverse crypto coins with a market … Read more
David Angliss, an analyst with Australia’s leading cryptocurrency investment firm, Apollo Capital, shares the fund’s weekly take on what’s happening in the fast-changing and volatile cryptocurrency space. There’s no getting around it – the crypto market hasn’t been experiencing a great start to 2022, with many cryptos down by double-digits after the selloff in January. … Read more
Poland and the Baltics, however, are members of NATO. A Russian war against the smaller, non-NATO army of Ukraine is very different from tangling directly with a powerful, nuclear-armed military alliance that has been bolstering its numbers in Eastern Europe for months. That’s a big gamble even for a leader who thinks he’s got the … Read more
One of the most popular Metaverse crypto coins for new traders is low unit price projects since you can accumulate a more considerable amount of tokens, and the price usually shows higher fluctuations. With the highly volatile cryptocurrency markets this week, Metaverse crypto coins dominate the markets. That’s why we decided to hand pick our … Read more
The major e-commerce platforms have still not taken the leap of cryptocurrencies. Almost none accept digital currencies as a means of payment. But it’s safe to say the first to do so would become the topic of conversation in the crypto space. EBay (EBAY) – Get eBay Inc. Report which aims to be the marketplace for Gen-Z and … Read more
Just like technology evolved over the years, so did cybercrime. Some of the most successful cybercrime outfits today hail from the Democratic People’s Republic of Korea (DPRK), a totalitarian state ruled by the dictator Kim Jong-un. Researchers discovered in January 2022 that a prominent North Korean hacker group has been targeting cryptocurrency startups in several … Read more
The world’s largest cryptocurrency exchange Binance said it is working to take action against those who have been sanctioned by Western countries following Russia’s invasion of Ukraine. “We have assembled a dedicated global compliance task force, including world-renowned sanctions experts, and are taking the steps necessary to ensure we take action against those that have … Read more
32-year old Danish programmer David Heinemeier Hansson, who was in 2005 recognized by Google and O’Reilly with the Hacker of the Year award for his creation of Ruby on Rails web development framework, now admits that he was wrong about crypto. On February 21, Hansson, who was previously skeptical of Bitcoin, published a blog post … Read more