After six months of eyeing JPMorgan Chase’s custom blockchain service for repo markets, Goldman Sachs has started trading on the platform. Mathew McDermott, global head of digital assets for Goldman Sachs’ global markets division, confirmed the first transaction dated June 17 in an interview, Bloomberg reported. In the trade, Goldman Sachs swapped a tokenized version …
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A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) co-founder Damon Dash to sell a tokenized version of Jay-Z’s first album “Reasonable Doubt” along with its copyright. Dash however has claimed he was only trying to sell his stake in RAF. Rapper Jay-Z co-founded …
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Billionaire and hedge fund legend Steve Cohen says that he’s officially “fully converted” to crypto and does not want to miss out on an asset class that he thinks has tremendous potential. In an interview with Jawad Mian, who is the founder of Stray Reflections, an independent global macro research firm, Cohen, who heads Point72 …
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA. Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering and Counter-Terrorist Financing laws, as well as to register with the FCA in order to operate …
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Crypto-custody firm Fireblocks is facing legal action by a firm that claims it was locked out of its wallet containing a substantial amount in crypto assets. Crypto staking platform StakeHound claims that negligence by a Fireblocks employee resulted in tens of millions of dollars worth of crypto assets being lost without any backup available. Fireblocks …
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Crypto-powered web browser Brave has branched out into the world of search with a new privacy-protecting beta search engine. The platform aims to take on the likes of Google, which harvests personal data and browsing habits while serving up targeted ads and tailored search results. But it faces an uphill battle against the tech giant …
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Bitcoin is poised to post its worst-performing quarter since the start of the 2018 bear trend. The current quarter is also on track to be the second-worst on record for BTC ine almost eight years since the start of 2014. According to crypto data aggregator, Skew, Bitcoin is currently down nearly 46% for the quarter, …
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One of the hedge funds badly burned in the infamous GME social media driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering. According the Financial Times, London-based White Square Capital operated by Florian Kronawitter has closed its main fund and will return capital to investors. White Square …
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The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then …
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After investing $20 in the crypto markets, one crypto trader just woke up to a one-trillion dollar fortune in his Coinbase account. Chris Williamson, a nurse from Georgia, says he invested $20 in Rocket Bunny (BUNNY) cryptocurrency on Coinbase last week. After the trade, his portfolio balance soon skyrocketed to a staggering $1,184,154,683,482. ADVERTISEMENT On …
A popular crypto analyst warns that most traders would be better off staying on the sidelines instead of trying to play the volatile Bitcoin market. In a new tweet, the crypto strategist known as Kaleo tells his 322,600 followers to be patient as opposed to timing the choppy Bitcoin range between $30,000 and $40,000. ADVERTISEMENT …
Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle. While Bitcoin has been under increasing pressure from multiple sources since early May, the most recent …
Continue reading “Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom”
European Central Bank (ECB) executive board member Fabio Panetta promises that the digital euro will respect the privacy of consumers. In a Financial Times report, Panetta says the digital version of the euro will offer more privacy to users compared to stablecoins issued by private companies. ADVERTISEMENT He highlights that the ECB is not …
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China’s third-largest bank, the Agricultural Bank of China, has announced it is cracking down on cryptocurrency transactions. Agricultural Bank of China (AgBank) is the country’s third-largest lender by assets, currently overseeing more than $4.20 trillion. The banking giant issued a statement prohibiting the use of its services for virtual currency transactions such as Bitcoin, following …
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Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt accounts without waiting to convert the cryptocurrency to …
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