Month: August 2022

Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

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Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market. Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Wednesday, Wave Financial’s head of business development Mike Jones said institutional investment in crypto could be driven by the high end of wealth management firms including Morgan Stanley, Merrill Lynch and Goldman Sachs looking for ways to allow their clients to get exposure to the space. Jones cited the…

How young people are hooked on cryptocurrency and NFTs – BBC News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The lure of making a quick buck has always attracted young people to invest in risky assets. For Generation Z, it is the volatility – and the decentralised nature – of digital assets such as cryptocurrency and NFTs which appeals. Gen Z – also known as Zoomers – are the age group born between the mid-1990s to early-2000s. Cryptocurrencies are digital currencies while a non-fungible token (NFT) is a way of owning an original digital image, touted as the digital answer to…

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

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It’s a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of Canada’s then-largest cryptocurrency exchange QuadrigaCX, died under mysterious circumstances in India. But, before his passing, Cotten took virtual keys for digital wallets and moved them into cold storage, leading to the permanent loss of $190 million in user funds. The incident triggered a crisis of confidence in the country’s emerging crypto sector and made regulators deeply skeptical of blockchain technology. However, old wounds eventually heal. Fast forward…

Coinbase Faces SEC Probe Over Crypto Yield, Staking Products

“The Company has received investigative subpoenas and requests from the SEC for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products,” Coinbase said in the disclosure. Source

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

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The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement. In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the U.S. subsidiary operating a Swap Execution Facility, in which it plans to offer derivatives trading for U.S. dollar and Bitcoin (BTC) pairs. The Japan-based financial services company said its market maker planned to expand its trading partners in the…

El Salvador Bitcoin mining farm. Green crypto mining with geothermal volcanic energy

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Directly from volcanic geothermal Bitcoin mining farm in El Salvador. Bitcoin city announced by Nayib Bukele will use green energy from this power plant. This crypto mining farm belongs to the government of El Salvador which implemented BTC as a legal tender. Use WhiteCrypto promo code to get a 5% discount for immersion cooling mining installations. Website: Article about immersion cooling: Earn $25 bonus by signing up to crypto.com exchange: Trade Bitcoin on Binance: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io…