Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Candace Browning, head of Global Research for Bank of America, said the push came due to the fast-growing nature of cryptocurrencies, per the report. She said the bank had industry research analysis...
Chinese authorities from the People’s Bank of China (PBOC) have instructed a Beijing software maker, Quadao Cultural Development, it has to shut down due to allegations of cryptocurrency trading affiliation, Business Insider reported. According to China’s central bank, Quadao had been facilitating crypto trading through...
Fake versions of stocks from big name companies are circulating on blockchains as part of an experiment to see if the stock market can be put on a blockchain, Bloomberg reported. Mirror Protocol and Synthetix are using fake stocks including Apple, Tesla and Amazon, according...
Barclays won’t be allowing U.K. customers to transfer funds to Binance, the Financial Times (FT) writes. This comes as the Financial Conduct Authority (FCA) said that digital exchanges weren’t allowed to do crypto business within the U.K., with the idea of keeping users’ money safe....
Binance is facing a criminal complaint from a financial regulator in Thailand for running a digital asset business without permission, Reuters reported Friday (July 2). Thailand’s Securities and Exchange Commission (SEC) of that country announced in a statement, as per the outlet, that the firm has...
Mercado Bitcoin has raised $200 million in a Series B funding round from the SoftBank Latin America fund, a press release says, according to parent company 2TM Group. The company plans to use its funds to boost its scale, add more offerings and invest in...
A deal between payments company NCR and NYDIG, a digital assets firm, will benefit 650 companies looking at offering bitcoin purchases, a Forbes report says. The deal will see community banks including First Citizens Bank from North Carolina, along with credit unions like Bay Federal...
Bitcoin is either the great polluter of the digital age or a lucrative tailwind that renewable energy needs. Two stark and opposing viewpoints. After all, as Elon Musk famously tweeted in May, in explaining his rationale for Tesla suspending vehicle purchases using bitcoin: “We are concerned...
More regulations and oversight are likely to be levied at the burgeoning crypto industry, according to Yoni Assia, CEO of equity, derivatives and crypto trading platform eToro, the Financial Times (FT) reports. He said that with the new interest in crypto as it goes more...