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“# Swiss banking giant UBS to reportedly offer rich clients crypto investments ” UBS Group AG is exploring various ways to offer its wealthy clients the possibility of investing in digital assets, anonymous sources claim. A new report from BNN Bloomberg suggests that investment opportunities in crypto will remain limited to “a very small portion…
“# Alipay set to allow users test China’s digital yuan ” Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem. According to a report by China Securities Journal on Monday, this new feature is a result of MYbank’s…
“# The rise of crypto charities: Elongate and Munch raise millions for various causes ” Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world. Elongate, a cryptocurrency project that began as a parody of Elon Musk’s…
“# ‘Dogefather’ Elon Musk jokingly calls token a hustle as price falls under $0.50 ” Meme-based cryptocurrency Dogecoin, often pushed by Elon Musk on Twitter, got its moment during the Tesla CEO’s appearance on Saturday Night Live, but the shoutouts didn’t drive the price to the moon. During his opening monologue on the comedy show,…
“# As Bitcoin’s payment options grow, BTC true future role up for debate ” In an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may…
“# Blockchain tech has a solution to secure your email ” The global COVID-19 pandemic has definitely created a clear delineation of remote work: The reliability of a company lies in its email service provider for all forms of communication. Let’s start with the origin of email. Email has been around for more than 50…
“# Bridgewater Associates CFO heads to Bitcoin-focused firm ” Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said…
“# Citigroup considers crypto amid surge in customer demand on Wall Street ” Citigroup is reportedly considering offering crypto-related services to its customers in response to rising demand, specifically from asset managers and hedge funds. The financial services firm’s global head of foreign exchange, Itay Tuchman, told the Financial Times on Friday that the investment…
“# Ripple sold twice as much XRP this quarter, as demand grows for its ODL service ” Despite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for Q1. Ripple posted its Q1 markets report on May 6th and revealed that total sales net of purchases…
“# Square’s earnings 2.5X expectations, Bitcoin revenue up 1000% in 12 months ” U.S.-based financial services firm, Square Inc, reports that its quarterly earnings doubled analyst expectations amid booming demand for crypto assets. Global financial data provider Refinitiv had predicted Square would see earnings of 16 cents per share in Q1 2021, but the firm…