Financial Archives - Crypto Credits

CEO at Plutus Explains how Financial Services Provider Is Bridging Worlds of Fiat and Crypto

NewsApril 19, 2021

by NewsApril 19, 20210

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat...

Bitcoin

A fintech head breaks down the ‘religious’ properties that make bitcoin the top cryptocurrency – and says Chamath Palihapitiya and Jack Dorsey are so devout that they ignore other crypto innovations | Currency News | Financial and Business News

NewsApril 18, 2021

by NewsApril 18, 20210

KTS Design/Science Photo Library/Getty Images Ajit Tripathi, head of institutional business at Aave, described in a recent Citi report why...

Regulation

Brian Brooks defends fintech charter to House Financial Services Committee

NewsApril 16, 2021April 16, 2021

by NewsApril 16, 2021April 16, 20210

Brian Brooks has defended the fintech banking charter introduced while he served as the acting comptroller of the currency after Congressional Democrats took aim at...

Bitcoin

Bitcoin surges to all-time high above $63,000 ahead of Coinbase IPO, taking year-to-date gain to more than 110% | Currency News | Financial and Business News

NewsApril 13, 2021

by NewsApril 13, 20210

Bitcoin has soared more than 700% in a year Dado Ruvic/Getty Images Bitcoin soared to an all-time high above $63,000 on Tuesday, taking year-to-date gains...

Ethereum

Christie’s is planning to auction a set of 9 CryptoPunk NFTs for up to $9 million next month | Currency News | Financial and Business News

NewsApril 9, 2021

by NewsApril 9, 20210

Agents at a Christie’s auction. Don Emmert/Getty Images Christie’s is planning to auction a rare set of nine CryptoPunk NFTs for an estimated $7 million...

Blockchain

Can a digital pound CBDC retake London’s financial hub status post-Brexit?

NewsApril 9, 2021April 9, 2021

by NewsApril 9, 2021April 9, 20210

A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center...

Regulation

Florida’s top financial regulator seeks cryptocurrency rules

NewsApril 7, 2021April 7, 2021

by NewsApril 7, 2021April 7, 20210

Written by Kylea Henseler on April 6, 2021 Advertisement With the state legislature in session, Florida’s top financial regulator Russell Weigel is hoping to modernize...

Ethereum

Why DeFi could rebuild trust in financial services

NewsApril 4, 2021April 4, 2021

by NewsApril 4, 2021April 4, 20210

To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that...

Regulation

Avanti Financial raises $37 million to launch institutional crypto bank

NewsMarch 27, 2021March 27, 2021

by NewsMarch 27, 2021March 27, 20210

The Avanti Financial Group has announced that it has raised $37 million in a Series A round, bringing the company closer to launch as a...

Regulation

Why Tesla’s decision to accept bitcoin as payment is unlikely to be followed by other companies | Currency News | Financial and Business News

NewsMarch 27, 2021March 27, 2021

by NewsMarch 27, 2021March 27, 20210

NurPhoto/Getty Images Elon Musk announced this week Tesla has begun to accept bitcoin as payment for all models of its cars...

Bitcoin

Wirex halts UK signups after consultation with financial regulator

NewsMarch 24, 2021March 24, 2021

by NewsMarch 24, 2021March 24, 20210

London-based cryptocurrency and fintech firm Wirex has announced that it will no longer take on new U.K.-based customers following discussions with the jurisdictional regulator, the...

Regulation

Our Recent Directive was Necessary to Protect the Financial System and Nigerians from Risks Inherent in Crypto Assets Transactions, Says Governor, Central Bank of Nigeria

NewsMarch 22, 2021March 22, 2021

by NewsMarch 22, 2021March 22, 20210

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has shed further light on the reasons behind the recent crypto ban that restricts...

Regulation

Germany’s financial regulator issues retail crypto investment warning By Cointelegraph

NewsMarch 20, 2021March 20, 2021

by NewsMarch 20, 2021March 20, 20210

Germany’s financial regulator issues retail crypto investment warning Germany’s Federal Financial Supervisory Authority, or BaFin, has warned investors about the risks involved in cryptocurrency investments....

Bitcoin

Bitcoin mining can be a ‘bridge’ to a renewable energy future by supporting green projects, a leading North American miner says | Currency News | Financial and Business News

NewsMarch 20, 2021March 20, 2021

by NewsMarch 20, 2021March 20, 20210

Bitcoin mining is hugely energy intensive, requiring vast amounts of computing power Alessandro Bianchi/Reuters Bitcoin mining can help the development of renewable energy technologies by...

Bitcoin

As a third stimulus check hits bank accounts, financial expert shares tips for investors

NewsMarch 18, 2021March 18, 2021

by NewsMarch 18, 2021March 18, 20210

Experts said some people buy Bitcoin hoping they go up in value. However, Jarrell said using cryptocurrency can be risky. “It's such a gamble right …...

Bitcoin

Entrepreneur Gary Vaynerchuk praised NFTs, discussed bitcoin regulation, and Coinbase’s upcoming public listing in a recent interview. Here are the 11 best quotes. | Currency News | Financial and Business News

NewsMarch 13, 2021March 13, 2021

by NewsMarch 13, 2021March 13, 20210

Vaynermedia Gary Vaynerchuk discussed how non-fungible tokens are disrupting the digitalization of goods in a recent interview. He said it remains to be seen how...

Bitcoin

A bitcoin ‘fear gauge’ measuring the cryptocurrency’s volatility has begun trading for the first time | Currency News | Financial and Business News

NewsMarch 11, 2021March 11, 2021

by NewsMarch 11, 2021March 11, 20210

The bitcoin price hit a record high of $49,998 on the Binance exchange Ozan Kose/Getty Images A bitcoin “fear gauge,” similar to the Cboe Volatility...

Bitcoin

‘Big Short’ investor Michael Burry says governments may ‘handicap’ bitcoin – and doubts it can disrupt global finance | Currency News | Financial and Business News

NewsMarch 3, 2021

by NewsMarch 3, 20210

Michael Burry. Jim Spellman / Getty Images Michael Burry said governments could handicap bitcoin to protect their currencies. The “Big Short” investor also said he...

Blockchain

Esma queries use of blockchain for EC’s ambitious financial data platform

NewsMarch 3, 2021March 3, 2021

by NewsMarch 3, 2021March 3, 20210

The EU’s top regulator has questioned the use of blockchain technology in the creation of a European Single Access Point (Esap) for company financial...

Bitcoin

Potential Bitcoin link to failed financial adviser Barry Kloogh

NewsMarch 1, 2021March 1, 2021

by NewsMarch 1, 2021March 1, 20210

Failed financial adviser Barry Kloogh, who lost nearly $16 million of clients’ money in a ponzi scheme, may have been investing in Bitcoin. Kloogh was...

Bitcoin

Bitcoin’s energy use is ‘staggering’ and a worry for big investors, Kleinwort investment chief says | Currency News | Financial and Business News

NewsFebruary 27, 2021February 27, 2021

by NewsFebruary 27, 2021February 27, 20210

Bitcoin mining uses vast amounts of electricity. Olga Maltseva/Getty Images Bitcoin uses a “staggering” amount of energy each year, the chief investment officer of Societe...

Bitcoin

MicroStrategy CEO Michael Saylor says he’ll consider stock or debt financing in order to buy more bitcoin | Currency News | Financial and Business News

NewsFebruary 27, 2021February 27, 2021

by NewsFebruary 27, 2021February 27, 20210

A visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph Chesnot/Getty Images MicroStrategy CEO Michael Saylor said...

Scams

Fraud and Financial Crimes: 5 predictions for 2021

NewsFebruary 27, 2021February 27, 2021

by NewsFebruary 27, 2021February 27, 20210

2020 was a year like no other, as disruption from the novel coronavirus pandemic created interlinked health and economic crises. In retrospect, the unknown magnitude...

Regulation

Looking ahead in financial services regulation

NewsFebruary 26, 2021February 26, 2021

by NewsFebruary 26, 2021February 26, 20210

Financial services have been an important pillar of the Maltese economy for the past three decades. However, it is now opportune to take a fresh...

Scams

Austrian regulator says cryptocurrency is associated with 60% of financial fraud cases

NewsFebruary 20, 2021February 20, 2021

by NewsFebruary 20, 2021February 20, 20210

The Austrian Financial Market Authority (FMA) stated on Friday that crimes involving the use of cryptocurrencies have increased across the country. According to the report, more than...

Bitcoin

Bitcoin miners raked in more than $1 billion in combined earnings last month. Here’s how they make money. | Currency News | Financial and Business News

NewsFebruary 20, 2021February 20, 2021

by NewsFebruary 20, 2021February 20, 20210

Bitcoin miners earned a combined $1.1 billion in January. REUTERS/Colm Fulton Bitcoin mining is the process that allows new coins to enter...

Bitcoin

Financial Mogul Morgan Stanley May Buy Bitcoin Through Its Investment Arm

NewsFebruary 13, 2021

by NewsFebruary 13, 20210

Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon. According to a recent report by Bloomberg, a unit of Morgan...

Bitcoin

Bitcoin’s pullback slashes 23% from crypto evangelist Michael Saylor’s MicroStrategy | Currency News | Financial and Business News

NewsFebruary 11, 2021February 11, 2021

by NewsFebruary 11, 2021February 11, 20210

Bitcoin’s pullback leads to volatility in MicroStrategy. NurPhoto/Getty Images Noted bitcoin bull Michael Saylor saw shares of his company MicroStrategy fall as much as 23%...

Blockchain

Robinhood and GameStop proved we need a new financial system

NewsFebruary 7, 2021February 7, 2021

by NewsFebruary 7, 2021February 7, 20210

King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first,...

Bitcoin

Bitcoin jumps above $38,000 as crypto momentum flirts with key resistance level | Currency News | Financial and Business News

NewsFebruary 5, 2021February 5, 2021

by NewsFebruary 5, 2021February 5, 20210

Chesnot/Getty Images Bitcoin climbed above $38,000 for the third time in a week on Friday in an attempt to hold the...

Altcoin

Central Bank Officials are Not Confident in Bitcoin or Other Digital Currencies’ Ability to Serve as Legitimate Financial Instruments

NewsFebruary 3, 2021

by NewsFebruary 3, 20210

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t...

Ethereum

Early Ethereum Investor Achieves Financial Independence After Selling All His ETH

NewsJanuary 25, 2021

by NewsJanuary 25, 20210

An early Ethereum investor has revealed he has now become financially independent after selling all of his ETH, with the price of the cryptocurrency being...

Bitcoin

An early bitcoin investor says the best time to buy is when nobody’s talking about it – and warns this isn’t the first crypto bubble | Currency News | Financial and Business News

NewsJanuary 23, 2021January 23, 2021

by NewsJanuary 23, 2021January 23, 20210

Nicolas Economou/NurPhoto via Getty Images The ultimate time to buy bitcoin is when no one is talking about it, according to one early adopter. “The...

Bitcoin

Bitcoin on track for biggest weekly fall since September as Janet Yellen and ‘double spend’ spook traders | Currency News | Financial and Business News

NewsJanuary 22, 2021January 22, 2021

by NewsJanuary 22, 2021January 22, 20210

Bitcoin has had a volatile couple of weeks after hitting a record high of close to $42,000 R.Tsubin/Getty Images The bitcoin price...

Bitcoin

UK Financial Adviser Seeks Crypto Transactions Ban

NewsJanuary 18, 2021January 18, 2021

by NewsJanuary 18, 2021January 18, 20210

Share Tweet Share Share Share Email Cardano founder Charles Hoskinson says there could be a surge in DeFi usage in Africa, a report from CoinTelgraph...

Regulation

British financial advisor calls on the gov’t to ban crypto transactions

NewsJanuary 17, 2021January 17, 2021

by NewsJanuary 17, 2021January 17, 20210

Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the...

Bitcoin

Warren Buffett blasted Bitcoin as a worthless delusion and ‘rat poison squared.’ Here are his 16 best quotes about crypto. | Currency News | Financial and Business News

NewsJanuary 17, 2021

by NewsJanuary 17, 20210

Warren Buffett Getty Images / Spencer Platt Warren Buffett has repeatedly criticized Bitcoin and other cryptocurrencies as risky and worthless. “I can say almost with...

Bitcoin

Galaxy enters Bitcoin mining, launches financial services unit for miners

NewsJanuary 16, 2021January 16, 2021

by NewsJanuary 16, 2021January 16, 20210

Galaxy Digital — the financial services and cryptocurrency investment management firm founded by Mike Novogratz — has set its sights on establishing a footing in...

Bitcoin

UK Financial Regulator Warns Of Crypto Scams

NewsJanuary 12, 2021

by NewsJanuary 12, 20210

Share Tweet Share Share Share Email The U.K. Financial Conduct Authority (FCA) said new scams could end up...

Bitcoin

Blockchain Fintech Start-Up, PAYMYNT Financial, Acquires Award-Winning Cryptocurrency Paytech Firm

NewsJanuary 8, 2021

by NewsJanuary 8, 20210

“Our shopping rewards platform utilizes Stellar Network’s blockchain technology. Approaching the winners of the Stellar Network Community Fund was an easy decision. Together, our team...

Bitcoin

Bitcoin crosses $35,000 for the first time as trading volumes skyrocket to record high after Democrats win Senate | Currency News | Financial and Business News

NewsJanuary 6, 2021January 6, 2021

by NewsJanuary 6, 2021January 6, 20210

Yuriko Nakao/Getty Images Bitcoin crossed $35,000 for the first time on the same day Democrats won the runoff elections in Georgia and took control of...

Bitcoin

Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin

NewsJanuary 5, 2021January 5, 2021

by NewsJanuary 5, 2021January 5, 20210

The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin...

Altcoin

Bittrex delists privacy coins, Antonopoulos terms this an attempt at ‘financial surveillance’

NewsJanuary 3, 2021January 3, 2021

by NewsJanuary 3, 2021January 3, 20210

“The delisting of privacy coins from regulated exchanges was the inevitable escalation in government attempts towards totalitarian financial surveillance.”, Andreas Antonopoulos stated on Twitter, following...

Bitcoin

How crypto and blockchain made inroads into financial services in 2020

NewsDecember 30, 2020

by NewsDecember 30, 20200

Government officials and many bankers are wary of digital currencies because they fear bad actors will somehow exploit it to launder money and commit other...

Regulation

NUKKLEUS : Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K)

NewsDecember 29, 2020December 29, 2020

by NewsDecember 29, 2020December 29, 20200

The following discussion and analysis of our financial condition and results of operations for the years ended September 30, 2020 and 2019 should be read...

Bitcoin

Bitcoin now world’s largest financial service; market cap crosses $500 billion

NewsDecember 27, 2020

by NewsDecember 27, 20200

Visa is already working with around 25 crypto businesses globally. Image: Reuters Cryptocurrency king Bitcoin is now the largest financial service in the world with...

Blockchain

In Its Quest For Financial Inclusion Crypto Plays A Role In International Aid

NewsDecember 25, 2020December 25, 2020

by NewsDecember 25, 2020December 25, 20200

Source: Adobe/Drazen In December, the United Nations has warned that “2021 is literally going to be catastrophic,” largely as a result of the coronavirus pandemic,...

Bitcoin

Bitcoin is irrelevant and investors ‘are going to weep’ if regulators come down hard on crypto, says Kevin O’Leary | Currency News | Financial and Business News

NewsDecember 24, 2020

by NewsDecember 24, 20200

“Shark Tank”/ABC Kevin O’Leary told CNBC on Thursday bitcoin is irrelevant to financial markets and at risk of regulation. His comments...

Altcoin

Neptune Digital Assets Provides Corporate Update and Financial Highlights

NewsDecember 22, 2020December 22, 2020

by NewsDecember 22, 2020December 22, 20200

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. VANCOUVER, British Columbia, Dec....

Bitcoin

Meltem Demirors, CSO at CoinShares, Explains how Mining Secures the Bitcoin Network, which Secures Financial Information

NewsDecember 21, 2020

by NewsDecember 21, 20200

Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset management firm, has argued that “as evidenced by the recent corruption of all US...

Bitcoin

SA’s Financial Watchdog Opens A Criminal Case Against ‘Crypto Platform’ MTI

NewsDecember 19, 2020

by NewsDecember 19, 20200

Bitcoin. Photo by Harrison Kugler on Unsplash The Financial Sector Conduct Authority (FSCA) has opened a criminal case against Mirror Trading International (MTI), a South African...

Regulation

A step toward financial exclusion

NewsDecember 18, 2020December 18, 2020

by NewsDecember 18, 2020December 18, 20200

The crypto community has a saying: “Not your keys, not your coins,” which means that if you hold your crypto on a third-party custodial wallet,...

Blockchain

Facebook Financial Formed to Pursue Company’s Payments Plans

NewsAugust 11, 2020August 11, 2020

by NewsAugust 11, 2020August 11, 20200

Facebook Financial Formed to Pursue Company’s Payments Plans – The Cryptocurrency Post ...

Ethereum

New York Department of Financial Services Publishes Updated List for Approved Virtual Currencies for NY Businesses

NewsAugust 10, 2020

by NewsAugust 10, 20200

The New York Department of Financial Services (NYDFS) recently noted that there are several different paths that virtual currency businesses may take to begin using...

Blockchain

New York Financial Regulator Greenlights 10 Tokens for Custody

NewsAugust 10, 2020August 10, 2020

by NewsAugust 10, 2020August 10, 20200

The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for...

Bitcoin

Financial regulator of Japan to not promote bitcoin trading

NewsAugust 9, 2020August 9, 2020

by NewsAugust 9, 2020August 9, 20200

Chief of Financial Service Agency says regulator must consider taking “special steps” towards crypto-trading. Ryozo Himino becomes the new commissioner of FSA after replacing Toshihide...

Blockchain

Polish Financial Watchdog Impersonated by Crypto Scammers

NewsAugust 9, 2020August 9, 2020

by NewsAugust 9, 2020August 9, 20200

The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be...