Tag Archives: social

The policymaker has continued to stake a claim for the crypto asset industry for his agency tasked with regulating securities in the United States. According to Gensler, cryptocurrencies should be regulated the same way as securities. In a speech on reducing risk and increasing transparency of derivatives at the International Swaps and Derivatives Association Annual Meeting on May 11, he said: “Most crypto tokens involve a group of entrepreneurs raising money from the public...

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...

The Chairman of the Financial Stability Board (FSB) – Klaas Knot – raised concerns that the cryptocurrency sector could harm the monetary network in the future. In his view, the digital asset market is expanding at a fast pace, while some of the tokens are employed by criminals in illicit activities. “For these reasons, policy work on crypto assets is a priority for the FSB,” the executive outlined. The FSB Wants to Regulate “Unbacked” Crypto The lack of an appropriate...

Fasanara Capital Ltd – a London-based asset manager – reportedly closed a $350 million fundraiser and wants to use the financing to invest in cryptocurrency companies and financial technology. The Crypto Crash Works in Favor of Fasanara According to a Bloomberg coverage, Fasanara secured its second fund to back technology startups and companies part of the digital asset industry. Specifically, it intends to allocate the $350 million to crypto exchanges and digital lending...

Blockchain intelligence startup Chainalysis has raised $170 million at a valuation of $8.6 billion, double from $4.2 billion in June last year. Given the current market crash where bitcoin fell below $30,000 on Monday, many believed that the rush of investors backing up crypto startups seen last year might cease. But Chainalysis in the latest round has seen its valuation increasing twofold, suggesting that investors are still favoring businesses in the crypto space. $170...

A partnership deal between Jack Henry & Associates and New York Digital Investment Group (NYDIG) will enable community financial institutions to offer bitcoin services following increased interest from customers. Millions of American Customers to Trade Bitcoin Jack Henry and Associates (JHA), a leading technology solutions provider and payment processing firm, announced the collaboration with digital asset management firm NYDIG via a press release. The partnership will...

President Nayib Bukele of El Salvador has unveiled development plans for the country’s planned Bitcoin City shortly after the nation made its latest BTC purchase. Bukele Moving Ahead With Bitcoin City Project The El Salvadoran President showed pictures of the architectural model via a Twitter thread, saying, the “City is coming along beautifully.” While details were sparse, with no mention of a completion date, the leader of the Central American country noted that the city...

Coinbase Co-founder and CEO Brian Armstrong squarely blamed the Reserve Bank of India (RBI) for employing “informal pressure” and denying the Unified Payments Interface (UPI) services that led to Coinbase halting its trading services three days after the launch on April 7. Coinbase India Launch Experience Speaking for the first time on the issue, Armstrong explained what led to the suspension of the company’s services in India and how it plans to stage a comeback. During the...

Talos’s valuation has reached $1.25 billion after the latest $105 million Series B funding round led by global growth equity firm General Atlantic. Other Investors include Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, and more. Focused on Institutional Clients According to the firm’s press release, Talos, a trading infrastructure firm focused on offering crypto services to institutions, said that the new round of investment will help scale and diversify its...

Digital asset investors residing in London are currently facing threats to the security of their holdings as a new wave of “crypto mugging” surfaces. Muggers Are Targeting Crypto Investors According to a recent coverage by the Guardian, London police have received countless anonymous reports of victims losing huge sums of money in crypto after their phones had been forcefully seized by muggers. Armed with the knowledge that crypto transactions are irreversible, unlike bank...