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“# Binance reportedly wants global wealth funds to get a stake in exchange ” Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company. In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global…
“# Commonwealth Bank of Australia recognizes risks in missing out on crypto ” Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the…
“# Proposed tightening of Australian crypto regulations could stifle competition: Kraken ” With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition. The Senate Committee on Australia as a Technology and Financial Center, led…
“# Citi Group appoints head of digital assets in crypto hiring spree ” American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1. In addition to appointing Singhvi on Nov. 22, Citi is hiring 100 additional personnel to…
“# This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining ” It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover, the cryptocurrency’s…
“# Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin ” Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin. In a Nov. 22 post to his Twitter account, Beckham said he would…
“# Crypto startup MoonPay raises $555M to hit $3.4B valuation ” Cryptocurrency fintech startup MoonPay has closed its first-ever venture capital round, reaching $3.4 billion in post-money valuation. The firm officially announced Monday that it closed a $555 million Series A funding round led by prominent industry investors like American investment firm Tiger Global and…
“# Southeast Asian financial institutions turn to the Ethereum blockchain ” Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This was recently highlighted in a report conducted by crypto…
“# Invesco exec reveals reasons for dropping Bitcoin futures ETF ” After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, the United States’ $1.6 trillion asset manager, Invesco, has disclosed the reasons behind the decision. Anna Paglia, Invesco’s global head of ETFs and indexed strategies, said that the biggest reason…
The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5-million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on Internet of Things-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for…