Swiss-Regulated Digital Asset Bank Sygnum Launches Dfinity’s Internet Computer Tokens (ICP) Custody Services

Despite the ICP token receiving much-needed support from Sygnum bank, its price is going down. Swiss-regulated digital asset bank Sygnum has announced the support of Internet Computer Tokens (ICP) that include custodian services. Consequently, Sygnum became the first regulated bank to support the Dfinity Foundation’s quest to decentralize the internet. In a note through a press release, Manuel Krieger, Co-Founder and member of Sygnum Bank’s Board of Directors, indicated that internet decentralization is a key step to reinstating sanity in the market. “We believe that the decentralized and open nature…

Digital Finance Group (DFG) Joins the Ternoa Adventure – Press release Bitcoin News

press release PRESS RELEASE. After announcing two major partnerships with Master Ventures and GD10 Ventures, the famous investment firm DFG now takes its turn in supporting the Ternoa project. Digital Finance Group (DFG) The international investment firm, created in 2015, now manages over $1 billion in assets. Always on the lookout for promising projects, the company was able to detect and invest early on in initiatives such as LedgerX, Brave and Circle. Their influence within the ecosystem is well known. They are among the main contributors in the creation of…

Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars – Bitcoin News

The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start Accepting Crypto Assets at Dana Mecum’s Original Spring Classic The Wisconsin-based Mecum Collector Car Auctions, the largest collector car auction company globally, has revealed the firm will now accept cryptocurrency payments through Bitpay. Mecum Auctions was invoked by a father and son duo Dana and Frank…

State-backed digital currencies can disrupt financial systems: Report

Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned. Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and Disruption,” which discussed the major trade-offs between risks and benefits associated with CBDCs. Fitch Ratings stated that the key benefits of a retail CBDC lie in its potential ability to expand government-backed cashless payments in an effort to keep up with the wider digitalization of society. The biggest reasons…

Galaxy Digital books $860M in net comprehensive income in Q1

Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations. The company’s net comprehensive income, which includes net income and unrealized income, surged to $860.2 million in the quarter ending March 31, 2021. In the first quarter of 2020, Galaxy Digital booked losses of $26.9 million. Assets under management increased 58% during the quarter. Income from trading surged to $508.7 million from a $31.5 million loss in the first quarter of last year. Galaxy Digital’s three Bitcoin funds returned 101.92%…

Galaxy Digital Research Reveals Bitcoin Consumes Less Energy than Gold and Banking Industries

Galaxy Digital estimated that Bitcoin’s total annual electricity consumption is 133.89 TWh/yr. Galaxy Digital has revealed that Bitcoin consumes less energy than the banking system and gold. Galaxy Digital released the report on Bitcoin energy consumption after researching how much energy Bitcoin energy uses. The authors of the report said that “this report took a quantitative approach, comparing Bitcoin’s energy usage to that of other industries.” Galaxy Digital Research Shows Bitcoin Uses Less Energy Thank Banking and Gold Industries The report is titled “On Bitcoin’s Energy Consumption: A Quantitative Approach…

Explosive Prices Incoming?! BTC Miners Show Bullish Signal || MicroStrategy Keeps Buying the Dips

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Sign Up Here for the CT Club! Get My Free Newsletter: Join Cardano SEED Pool here: Heidi Twitter: Toby Twitter: Instagram: LBRY: Interested in Ledger hardware wallets and want to support this channel? Use my affiliate link here: Music:  Video Suggestions for Beginners to Crypto: – When did Crypto Start?: youtu.be/rd5gv6X70ew – Why Bitcoin?: youtu.be/GVwWwWUj3NU – 3 Mistakes to Avoid When Storing Cryptos: – If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ – Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE –…

Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset – Regulation Bitcoin News

The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an announcement by an organization known as The Abundance Community Coin (TACC) that plans to launch a crypto asset on May 14. According to a report, TACC claims that its token “has been created to help…

Delphi Digital forms $5 million NFT investment ‘syndicate’

Delphi Digital, a multi-service cryptocurrency investment, consulting, and research firm, has announced today the launch of “Delphi INFINFT,” a new investment wing focused on NFTs and the NFT ecosystem. Per a post of Twitter, the fund will invest upwards of $5 million into “NFT marketplaces, DAOs, social tokens, fractionalization, NFT infrastructure, and any other new developments that may arise during the syndicate’s investment cycle,” and the team will be bolstered by noted NFT collector “gmoney.” 0/ Our team is thrilled to announce the launch of the world’s first on-chain NFT…

UK will likely need to issue a digital currency, says BoE deputy governor

The Bank of England’s deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial stability in future. In a speech at the OMFIF Digital Money Institute in London, Cunliffe reflected on past, present and future trends in the widespread use of private money issued by commercial banks, noting that the COVID-19 pandemic has accelerated existing trends away from public to private money for everyday payments.…