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“# Crypto is the most dangerous investment, Bank of Russia governor says ” The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry. The governor of Russia’s central bank, Elvira Nabiullina, reiterated the bank’s negative stance on crypto in a Monday…
“# Crypto-finance company Amber Group valued at $1B following $100M raise ” Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1 billion — a major milestone for the firm as it enters its fourth year of operations. The cash…
“#Spotify buys startup whose backers include Katie Couric, Paris Hilton” Spotify said Friday that it has acquired Podz, a tech startup backed by the likes of Katie Couric and Paris Hilton. According to the Swedish music streaming giant, Podz will help the company “accelerate” its growing podcast business through its machine-learning algorithms, which help users…
“# Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients ” Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland. According to a release issued on Friday, BBVA Switzerland will begin Bitcoin trading for all private banking clients interested in…
“# Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B ” Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset investments. The integration means iTrustCapital clients will have their assets secured by Coinbase Custody’s cold storage, offering another layer of protection…
“# The Graph Foundation taps protocol infrastructure developer for $60M grant ” The Graph Foundation, the grants program behind the Ethereum (ETH) indexing protocol, has tapped StreamingFast to further the development of its so-called decentralized internet, potentially setting the stage for more real-world use cases of Web 3.0. StreamingFast will provide The Graph with its…
“# Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman ” Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to…
“# Over 2 million adults in UK now hold crypto, FCA survey finds ” A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold…
“# Yield Guild Games doubles down on play-to-earn model with $4M funding round ” Yield Guild Games, also known as YGG, has received the backing of several venture firms and angel investors as it embarks on a mission to expand its network and popularize the play-to-earn gaming model. The $4 million cash injection will be…
“# Bullish all the way? MicroStrategy doubles down on its Bitcoin bet ” There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion. As was expected,…