Tag Archives: News

Boston-based mutual fund behemoth Fidelity, that has incorporated more than $2.8 trillion in assets, has finally won its license from the New York State Department of Financial Services, the company confirmed on Tuesday.Actually it’s the subsidiary of this giant, called Fidelity Digital that has been opting for the license since July this year. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.The company said in the blog...

Cryptocurrency is taking over where traditional finance has failed, and Zurich, Switzerland is a prime example of this.Zurich: The New Crypto Capital of the WorldAs we all know, several new crypto and blockchain businesses have sought to make their homes in Switzerland thanks, in part, to the region’s easy-going regulatory stance on digital currencies. The country is even home to what is affectionately known as “Crypto Valley,” a section that’s devoted strictly to crypto startups and product...

Several crypto and blockchain companies out there are looking to ensure the unbanked garner the financial services they need. Sadly, many of these companies have died and no longer exist, though some, like Bit Spark, have managed to retain their positions in the digital finance space to ensure their goals come to life.Bit Spark Has Made a Real Name for ItselfBit Spark was created roughly five years ago. The company came to fruition through an initial coin offering (ICO) that garnered the...

Euro Pacific Capital CEO Peter Schiff seems to think that bitcoin is likely to crash soon thanks to the downfall of marijuana stocks.Schiff: Cannabis Falls, So Bitcoin FallsSchiff explained his bearish sentiment in a tweet, writing:Many of the speculators who were buying pot stocks were also buying #bitcoin. With heavy losses in the former, perhaps they will look to realize some gains on the latter or mitigate their losses before the bottom drops out of the crypto market, too.This is one such...

In recent months, digital assets and cryptos have attracted heated debates. Some governments and watchdogs are making laws that may allow them to go mainstream while others are still hesitant. In what appears as a major development in the nascent crypto industry in the UK, a landmark legal statement was published.The statement was given by the Chancellor of the High Court, Sir Geoffrey Vos. It confirmed that crypto-assets will be recognized as tradeable property while smart contracts are...

Within the last three days, the MMOCoin is gaining traction and performs ultimately. Investors who bought the coin at low prices must be shocked to see their ROI pumping up to over 9000 percent levels. All in all, MMOCoin price added a whopping 1000% since yesterday and 53,904% over the last 72 hours.MMOCoin is using hybrid PoW/PoS with an unusual take on their unique Tiered PoS. It starts with block 2000, allowing users to join different staking tiers to increase profits. This system will...

Chinese e-commerce giant Alibaba is making swift moves to list its shares on the Hong Kong Stock Exchange. However, amidst high demand, Alibaba has planned to close its books early for institutional investors, reports CNBC.As per the report, the e-commerce giant plans to close its books by 12 PM ET on Tuesday, November 19. The sources familiar with the matter said that the book’s closure will happen half-day before the earlier schedule. This is clearly indicative of the fact that investors...

The next Bitcoin halving remains the predominant story of bulls hoping for huge price gains. The popular line of thought is that the price of Bitcoin could increase, as crypto enthusiasts warn of an increase that adds to the pressure on prices. However, its price may increase.The expected halving testifies to this dream and its coming in the blockchain of the BTC in May, while several hodlers anticipate an increase in prices. On the flip side, the price may continue to drop to $8,000....

Bitcoin seems to continue this week’s losses. After yesterday’s sell-off, crypto markets continued to fall and Bitcoin price fell below the $8,200 threshold. At the time of writing it was still in the fall by 4.81% to $8,148.80.The correction of the market is more than obvious because, at the time of writing, all 30 biggest coins were declining with major losses. But, not to get too pessimistic, it only means that in last month Bitcoin price is mostly flat. Some analysts think this fall could...

XRP falls by 5.31% to hit $0.25 indicating weakness and trading apathy, even when Ripple Labs Inc has added another feather to its cap by adding a new remittance service on RippleNet. SBI Ripple Asia and SBI Remit, which is a financial services company in Japan, are set to introduce a new remittance that will enable customers to transfer money between Japan and Vietnam. The new service is set to operate using RippleNet, and the Vietnamese baking giant TP Bank (Tien Phong Commercial Joint...