Crypto Biz: US dollar exposure via digital assets takes off

Phony websites offered customers a premium for claiming through them. In reality, they drained customers’ wallets. 59 Total views 2 Total shares Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman,…

Top Stories This WeekNYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto ProjectAccording to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter,…

Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9.The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal…

Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China. Bitcoin’s (BTC) price has fallen more than 6.5% during the past 24 hours to sink below a low of $78,197, which was last seen on Nov. 10, 2024, Cointelegraph Markets

Bitcoin is likely to reach $1 million quickly due to a "torrent of money" coming from institutional investors in 2024, according to the JAN3 CEO. Bitcoin (BTC) is likely to reach $1 million in the "days to weeks" following the approval of a spot BTC exchange-traded fund (ETF), according to JAN3 CEO Samson Mow. “You're hitting

Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs. In January this year, Visa acquired fintech firm Plaid for $5.3 billion. The San Francisco-based firm enables data sharing of financial information between different fintech apps like Venmo and Chime, supporting over…

The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s customer base for trading use. 448 Total views 4 Total shares Société Générale, France’s third-largest bank, has debuted its native euro-pegged stablecoin, making it one of the first European banking giants to venture into the