Crypto for Advisors: Opinion: Direct Crypto Ownership Is Best
In this week's issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client. Original Source
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Direct
Information Commissioner’s Office issues three fines totalling £170,000 for illegal direct marketing
Three companies offering financial services have been fined £170,000 collectively by the Information Commissioner’s Office (ICO) for illegal direct marketing under the Privacy and Electronic Communications Regulations (PECR). Debt management company, Digivo Media Ltd, which traded as Rid My
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Binance.US Halts Direct Dollar Withdrawals
Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use. Source
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Wealth Managers Embrace Tax-Optimized Separately Managed Accounts for Direct Ownership and Professional Management
Separately managed accounts have been growing rapidly over the past 10 years, with assets under management growing from $550 billion in 2011 to $1.7 trillion in 2021. Wealth managers chose SMAs due to the key advantages of tax optimization, direct ownership, professional management and customization. For those same reasons, the
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Coinbase (COIN) Adds Ability to Direct Message Any Ethereum (ETH) Crypto Wallet
“Coinbase is enabling users to easily port their conversations from any of the ~450 applications built on XMTP to Coinbase Wallet,” said Director of Product Management Siddharth Coelho-Prabhu. “Its infrastructure allows Coinbase Wallet messages to be fully permissionless and interoperable while giving users the freedom to fully own their messages
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Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders.The first lending pool will be available sometime in
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Credit Marketplace Maple Finance Starts Direct Lending Arm Maple Direct
The lending pool aims to raise funds from crypto funds, decentralized autonomous organizations (DAO), venture capital firms, family offices and high-net worth individuals, and will lend to web3 native businesses in sectors including asset management, infrastructure and liquidity providers. Source
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Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures
The two regional lenders – and a smaller institution, Silvergate Bank, that arguably sparked the recent blaze that spread through U.S. banking – took business risks that undermined their resilience, according to their regulators. Federal Reserve Vice Chairman for Supervision Michael Barr said the trouble with SVB, for instance, was
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MetaMask enables direct crypto purchases in Nigeria
Self-custody cryptocurrency purchases are becoming more accessible in Nigeria as major crypto wallet MetaMask expands direct on-ramps with local banks.On March 21, MetaMask’s parent firm ConsenSys announced a new integration with crypto fintech MoonPay, enabling users in Nigeria to purchase crypto via instant bank transfers.The new feature is available within
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US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’ – Economics Bitcoin News
U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls
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