Sygnum claims it is the first bank in the world to tokenize its shares. Sygnum, a major cryptocurrency bank in Switzerland, has successfully tokenized its shares on a blockchain in preparation for its upcoming public sale.According to an official Dec. 14 announcement, the bank tokenized its shares on the Ethereum blockchain using a proprietary tokenization… More
Masayoshi Son found Bitcoin to be âdistracting his own focus on his own business.â While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction. Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he âdoesn’t understandâ Bitcoin amid the… More
Communication is key, especially when it comes to explaining Bitcoin to mainstream corporate entities. Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael… More
Bitstamp is replacing its CEO for the first time since the companyâs establishment. Bitstamp, one of the worldâs oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time.Nejc KodriÄ, the firmâs CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory… More
OKEx founder Star Xu was reportedly questioned by police a week ago. The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to… More
In three years, a younger generation of banking customers wonât do business with a traditional fiat bank unless it offers access to crypto. Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that… More
SBI now has two licensed crypto trading platforms in Japan. Japan’s largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange.According to an official announcement on Oct. 7, SBIâs foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making it… More
The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe. Authorities in Russia appear to be going after Binance â the worldâs largest cryptocurrency exchange â as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced… More
It seems that the private sector is not satisfied with the countryâs local fiat money. According to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish Island in Iran.The… More
Crypto borrowing and lending platform Cred has joined Visaâs Fintech Fast Track program to further the adoption of DeFi loans. The decentralized finance platform Cred will now use Visaâs extensive reach to further push the adoption of lending and borrowing of digital assets.On Sept. 8, Cred announced that it has joined the international payment behemoth… More
Is blockchain the solution in making payments more transparent and secure? With online payments company Wirecard undergoing insolvency proceedings this month, mainstream financial services like VISA, PayPal, and Mastercard are rushing to fill the digital payments void, and be one of the first to offer crypto payment cards, stated experts in the crypto industry.During an… More
Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020.According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in… More
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebookâs Libra may have a future even when central banks roll out their own digital currencies.Rajan,… More
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