Category Archive: Cryptocurrency, No picture
Basel Committee Classifies Bitcoin as High Risk for Banks
The Basel Committee for the world’s leading central banks proposed a maximum capital requirement for crypto exposure because of risk arising from price volatility and money laundering. Banking Committee Suggests Prudence for Crypto The Basel Committee on Banking Supervision published a report Thursday addressing the risks posed by cryptocurrencies. The report proposed “conservative prudential treatment” […]
Ledger Raises $380 Million to Expand DeFi Solutions
Key Takeaways Ledger has raised $380 million in the latest series C funding round, putting the company’s valuation at $1.5 billion. The funds will be used to expand its decentralized finance solutions, hardware products, and build an operating system. The raise comes after last year’s massive data breach affecting thousands of Ledger users. Hardware wallet […]
State Street Adds to Crypto Rush with Digital Assets Arm
State Street is doubling down on the digital assets boom. State Street Adds to Crypto Rush State Street is launching a new unit focused on cryptocurrencies. The banking giant, which holds over $40 trillion in assets under custody, announced it would be opening a new division called State Street Digital in a Thursday press release. […]
Coinbase to Offer Crypto Exposure With 401(k) Provider
Thanks to a collaboration between Coinbase and ForUsAll, Americans will now be able to invest up to 5% of their 401(k) portfolio in crypto. Coinbase Partners with 401(k) Provider Coinbase will begin offering crypto in retirement plans. Leading 401(k) provider ForUsAll has tapped Coinbase Institutional to allow clients to invest up to 5% of their […]
Bitcoin, Ethereum Flows Show Signs of Accumulation
Bitcoin and Ethereum surged yesterday, buoyed by the largest daily outflow since February and an increase in the number of whale wallets. Bitcoin’s Buy the Dip Narrative On-chain data shows that crypto investors have been accumulating Bitcoin and Ethereum this week. Although both assets tumbled earlier this week, the crypto market’s “buy the dip” action […]
Karura Raises $100M, Kusama Soars Ahead of Parachain Auction
Key Takeaways Karura Network has raised 200,000 KSM tokens worth over $100 million in a crowd loan. The funds will be used to bid in the Kusama’s upcoming parachain auction. Ahead of the parachain auctions, the price of KSM has risen sharply. This news was brought to you by ANKR, our preferred DeFi Partner. Karura, […]
Curve Finance V2 Aims to Compete with DeFi’s AMMs
Key Takeaways Curve Finance has launched its V2 update. It now allows users to swap between uncorrelated assets. To maximize capital efficiency, the DEX will automatically concentrate liquidity around the current price to offer better prices and low slippage. With a first pool dedicated to ETH, BTC, and USDT, the project could be a challenger […]
Senator Elizabeth Warren Slams Bitcoin’s Energy Usage
Key Takeaways Senator Elizabeth Warren slammed Bitcoin’s energy consumption during a Senate Banking Committee hearing on the potential development of a CBDC. Crypto’s loudest critics often point out the environmental impact of Proof-of-Work, while more efficient Proof-of-Stake currencies have emerged in recent years. Despite the recent focus on Bitcoin’s energy usage, El Salvador and other […]
UNICEF Is Investing in Several Blockchain Startups
Key Takeaways UNICEF has announced funding for seven blockchain startups. Those startups cater toward “unbanked” communities—that is, areas with little access to traditional financial services. The startups will collectively receive over $500,000, paid out in fiat currency and Ethereum (ETH). UNICEF, the charity arm of the United Nations, has announced that it is funding seven […]
Victory Capital Shares Plans to Enter Crypto Market
Key Takeaways Victory Capital has announced its plans to launch a new private fund that tracks the performance of the Nasdaq Crypto Index (NCI). The firm currently manages more than $157 billion in assets under management. Victory Capital is only the latest institutional player to jump into the crypto space in last few months. Multi-billion […]
