Crypto Fund AG, a subsidiary of Crypto Finance Group, says that it has received a license from the Swiss government to distribute funds, Reuters reported. The Financial Market Supervisory Authority (FINMA) reportedly granted the license, which will allow the company to distribute collective investment schemes. “Getting...
Square, the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Hedge funds investing in cryptocurrencies are seeing returns fall, with digital coins down by 35 percent so far this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Bank of International Settlements unleashed a scathing criticism of cryptocurrency over the weekend, saying that it will never be mainstream for financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Thursday (June 14) turned out pretty well for ether, which CNBC described as the “world’s second largest cryptocurrency.” The price of ether increased 9 percent after William Hinman, head of the Division of Corporate Finance for the U.S. Securities and Exchange Commission (SEC), said that his...
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Coinbase’s crypto index fund is now available to investors in the U.S., but there’s a slight restriction: Only accredited investors can participate, TechCrunch reported. The crypto exchange is now looking for those seeking to invest anywhere from $250,000 to $20 million. Already, the company has...
University researchers have noticed an interesting trend when it came to atmospheric jump in the price of bitcoin last year: They found that about half of bitcoin price increases last year happened after another cryptocurrency, Tether, flowed from one crypto exchange — Bitfinex — to...
Financial firms are investing $1.7 billion annually on blockchain technology per research from Greenwich Associates, Bloomberg reported. The research group also found that firms increased their blockchain budgets by 67 percent in 2017, and one in 10 banks — and other firms — reported spending more than $10...