Hong Kong investment firm’s board gives nod to more Bitcoin buying

Crypto.com's logo to appear on Aston Martin F1 cars in the 2020–2021 season. 1384 Total views 7 Total shares Cryptocurrency exchange service Crypto.com has inked a partnership deal with car maker Aston Martin to sponsor the latter’s Formula 1 team.According to a report by Business Insider, the collaboration is a multi-year sponsorship on the occasion…

Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market. 1019 Total views 5 Total shares According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring…

Cash App’s Bitcoin profits fell in the third quarter, but overall profits are still on the rise. 606 Total views 29 Total shares Jack Dorsey’s payments company Square Inc. revealed in its Q3 earnings report that mobile payments app Cash App saw a 23% drop in quarterly profits generated by Bitcoin.But Bitcoin profits and revenue…

The crypto industry is young, and in emerging tech, a handful of companies often lead the charge. For those holding equity in these companies, this is generally considered something to be encouraged. For everyone else, it is not.The recent rise of decentralized finance has been no different, and the company holding the torch is MakerDAO.…

Multinational financial services firm, Fidelity Investments, has announced the purchase of a 7.4% stake of major North American mining company, Marathon Digital Holdings.Marathon currently operates 19,000 miners, with a further 100,000 machines slated for deployment over the next 12 months. With $4.9 trillion in assets under management Fidelity is one of the world’s largest financial…

The Terra blockchain halt dramatically falls in the ASTRO token value due to a suspected exploit.

How do we get DeFi “to cross the chasm?” 1781 Total views 19 Total shares As decentralized finance begins to gain ground, Chainlink co-founder Sergey Nazarov believes there are two ways for more mainstream adoption. Speaking at the Smart Contract Summit, Nazarov said he sees two ways DeFi “crosses the chasm” and more Web 2.0 companies…

A leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the issue of fintech registration.Per a Dec. 22 filing, the Conference of State Bank Supervisors, or CSBS, says the impending approval of Figure Technology's bank charter a bridge too far. Figure operates blockchain-backed lending and investment services.…