CoinspeakerSpot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak Bitcoin ETFs in the US saw $34.4 million net outflow on May 2nd, a significant drop from the previous day's record $563.7 million. Interestingly, BlackRock and Fidelity's Bitcoin ETFs, ranking 2nd and 3rd in terms of total net assets, saw zero net flows on Thursday Spot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak
Read More »European Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF
CoinspeakerEuropean Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF BNP Paribas, the second-largest European bank, holds a modest amount of spot Bitcoin ETFs. According to a 13F filing submitted by the company, the bank acquired 1,030 units of BlackRock's iShares Bitcoin Trust (IBIT), representing an investment of approximately $41,684. European Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF
Read More »Tel Aviv Stock Exchange (TASE) Taps Fireblocks to Introduce Crypto Services
CoinspeakerTel Aviv Stock Exchange (TASE) Taps Fireblocks to Introduce Crypto Services TASE’s strategic partnership with Fireblocks comes as the result of a broader vision set forth by the stock exchange. Tel Aviv Stock Exchange (TASE) Taps Fireblocks to Introduce Crypto Services
Read More »Orange to Transfer Bank Operations to BNP Paribas as Both Giants Begin Exclusive Acquisition Talks
After sustaining more than 1 billion euros in losses, Orange has decided to exit retail banking and has begun negotiations with BNP Paribas. French telecommunications giant Orange is looking to get out of the banking sector by selling Orange Bank to BNP Paribas. Orange has now begun exclusive negotiations with BNP Paribas, which would end Orange’s banking business if successful. Orange Bank has faced a little too much difficulty since the telecoms giant ventured into retail banking. The...
Read More »Fireblocks Expands Cloud Support for Crypto Custody
Fireblocks’ cloud support comes at a time when more and more institutional investors and corporations are joining the crypto space. Blockchain security service provider, Fireblocks, has expanded its cloud service for crypto custody and settlement. According to the announcement, the service will now include Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales, and Securosys. Cloud Computing Meets Crypto Security Fireblocks’ platform uses a combination of security...
Read More »Ripple Acquires Swiss Crypto Custody Platform Metaco for $250M as Part of Push toward Tokenization
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities and Exchange Commission (SEC). Ripple’s acquisition of Metaco underpins the US-based tech platform’s faith in the...
Read More »EIB Launches First Digital Sterling Bond Product on Blockchain
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Read More »UK Is Top Destination for European Fintech Investment with $4.9 Billion Received
The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...
Read More »Standard Chartered Invests in Rebranded Finance Trade Startup Contour
Previously named Voltron Blockchain, now known as Contour, the firm gains the undisclosed sum from one of the biggest bidders of the world. R3‘s Asia Chief Carl Wegner became the startup’s CEO and will lead the company to the successful launch of its innovative letter-of-credit (LoC) service.The company reduced the time needed for the LoCs from 2 weeks to 24 hours max, in several test projects. Lisa Robins is serving as Head of Transaction Banking at SC. She says that thanks to the Corda...
Read More »Visa, BNP Paribas Invest $80M into Fintech Startup Currencycloud
Recently, the UK fintech startup Currencycloud ran a series E funding round. Among the participants were Sapphire Ventures, Notion Capital, Anthemis, Accomplice, and Google’s venture wing GV. All of them supported Currencycloud earlier. Besides, the startup boasted it had attracted new investors. Visa, World Bank arm International Finance Corporation, BNP Paribas, Siam Commercial Bank and former Softbank spinoff SBI Group joined the round and invested as much as $80 million.The round has...
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