Cryptocurrency Analysis and News Portal
Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans.Banks such as Goldman will not touch cryptocurrency spot markets but lean towards synthetic crypto products such as futures. Emulating
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India may seek to align itself with other countries/entities to regulate crypto, the sources told ANI, which said, “Since the issue cuts across individual countries’ borders, it was felt that it will also require global partnerships and collective strategies.” Original Source
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Cryptocurrency custody firm Anchorage is raising a large funding round that will value the San Francisco-based company at between $2 billion and $3 billion, according to four people familiar with the plans.“Anchorage is about to raise at a $3 billion valuation,” said one of the people, who asked not to
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After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week. Furthermore, sources say that the Valkyrie Bitcoin Strategy ETF is set to launch this week with a
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Société Générale is looking to acquire a cryptocurrency custodian or at least take a strategic stake in one, according to three people familiar with the French bank’s plans.The bank, known as SocGen, has also sent out a request for proposal (RFP) in search of firms that could provide safekeeping for
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London-based Revolut recently announced it would be paying a WeWork membership in Dallas, Texas, in bitcoin. The firm, which already holds a European Union banking license, also announced it had secured a U.S. broker-dealer license in order to compete in the retail capital markets space with firms like Robinhood. Source
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The exchange plans to publicly roll out this proposal in the coming days, according to sources familiar with the regulatory discussions. Details of the proposal were not available at press time, but among other matters the company intends to argue what should and should not be defined as a security
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The company is looking to recruit as many as 10 people and is focused on initially hiring a crypto trader with experience with arbitrage between different exchanges, and a marketing and sales person, who will be tasked with building relationships with liquidity providers and exchanges, the person said. Original Source
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Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for
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IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation. Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fêted technology by 90% this year, according to one of the sources.“IBM is doing a
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