66 / 104 Relevant items tagged with #Finance

Posts

Blockchain and AI Are Set to Transform Financial Markets: Moody's

[Sep 7, 2023 5:46 AM] Incorporating AI and DLT into business models may require "substantial investment" at first – but could help lower expenses and improve market liquidity over time, a new report said.

Pantera Capital Leads $16.5M Investment in ZK-Powered DEX Brine Fi at $100M Valuation

[Sep 7, 2023 5:00 AM] The investment happens at a time when crypto venture capital has mostly dried up and trading volumes plummeted.

Depressed Crypto Markets, Regulatory Risks Fail to Dissuade Asset Managers From Investing

[Sep 7, 2023 1:54 AM] Almost half the 60 buy-side professionals surveyed from U.S. and Europe-based asset managers and hedge funds said they're actively managing digital assets.

$500B Korean Asset Manager Taps Polygon Labs to Develop Tokenized Securities Network

[Sep 7, 2023 12:39 AM] Mirae Asset Management teams up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adopt of Web3 technologies.

Cathy Wood's ARK Invest Files for First Spot Ether ETF

[Sep 6, 2023 12:32 PM] The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

[Sep 6, 2023 6:10 AM] The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.

SOMA Finance to Issue the First Retail Compliant Digital Security

[Sep 6, 2023 2:06 AM] The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits.

Coinbase Creates New Crypto Lending Service Geared Toward Large Investors

[Sep 5, 2023 2:34 PM] Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.

Genesis to Shutter Crypto Trading Desk for U.S. Market

[Sep 5, 2023 10:27 AM] Genesis Global Trading will halt its crypto OTC desk later this month.

Connext Airdrop Marred by $38K Sybil Bot Attack

[Sep 5, 2023 9:02 AM] Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop.

Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments

[Sep 5, 2023 8:55 AM] The company said it is one of the first major payment institutions to use directly the Solana network for settlements.

Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers

[Sep 5, 2023 8:30 AM] Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to…

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

[Sep 5, 2023 4:01 AM] The Californian company will develop custody services and security solutions, local media reported.

Traditional Finance Exchanges Divided on Crypto Services: Survey

[Sep 5, 2023 3:44 AM] A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future.

Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

[Sep 5, 2023 3:02 AM] The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.

Blockchain Developer Cronos Labs Kicks Off Search for Participants in $100M Accelerator Program

[Sep 4, 2023 7:00 PM] Cronos Labs has also signed up Google Cloud, Amazon Web Services and blockchain security specialists PeckShield and Certik as mentors for the program.

Crypto Casino Stake Targeted in Reported $40M Exploit

[Sep 4, 2023 9:31 AM] The cryptocurrency gambling and sports betting website stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.

Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend

[Sep 4, 2023 4:15 AM] The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance.

Binance's Head of Product Departs as Executive Exodus Gathers Steam

[Sep 4, 2023 2:58 AM] Mayur Kamat's departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, SVP for Compliance Steven Christie and Asia-Pacific Head Leon Foong.

LSE Group Plans to Offer Blockchain-Powered Market for Traditional Assets: Report

[Sep 4, 2023 12:02 AM] LSE is considering using a separate entity for the blockchain-based markets business, according to the Financial Times.

Fact or Fiction? Theories Littered Across Social Media About Blackrock’s Alleged Bitcoin Buying Spree

[Sep 3, 2023 10:30 AM] This past week, the U.S. Securities and Exchange Commission (SEC) delayed seven spot bitcoin exchange-traded funds (ETFs), including Blackrock’s proposed Ishares Bitcoin Trust. Alongside this news, Into The Block metrics indicate that from…

Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says

[Sep 2, 2023 12:00 AM] The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in…

Robinhood to Buy Back Sam Bankman-Fried's Stake for $605.7M

[Sep 1, 2023 7:42 AM] The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.

HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters

[Sep 1, 2023 3:15 AM] Less than half of the fund's investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.

OKX Planning Web3 Foray Into India, Chief Marketing Officer Says

[Aug 31, 2023 7:30 PM] OKX, one of the biggest crypto exchanges by trading volume, is planning to enter India to explore potential Web3 applications.

Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto

[Aug 31, 2023 3:31 AM] Elon Musk's social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states.

SEC Could Prepare Alternative Arguments to Reject Spot Bitcoin ETFs: Berenberg

[Aug 31, 2023 3:19 AM] Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.

Binance to 'Gradually' End Support for BUSD Products

[Aug 31, 2023 2:27 AM]

Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong

[Aug 30, 2023 9:30 PM] Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto…

Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say

[Aug 30, 2023 2:49 PM] The ruling could lead to Grayscale's GBTC converting into a bitcoin ETF, which would allow redemptions, making Alameda's suit unnecessary, Bloomberg Intelligence analysts said in a note on Wednesday.