Tag: Report

Diem to Sell Assets to Silvergate Bank for $200M: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Binance to Reinstate Payments From EU's SEPA Platform: Report

Crypto exchange Binance is about to reinstate payments from the European Union’s Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter. Payments through the network will resume “in the coming hours,” Bloomberg said. The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report. Binance temporarily halted payments from SEPA in July. SEPA allows consumers to…

Binance to Reinstate Payments From EU’s SEPA Platform: Report

Crypto exchange Binance is about to reinstate payments from the European Union’s Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter. Payments through the network will resume “in the coming hours,” Bloomberg said. The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report. Binance temporarily halted payments from…

FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Diem Mulling Sale of Assets to Pay Back Investors: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet – Bitcoin News

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The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts to Persuade El Salvador to Drop Bitcoin Legal Tender Status, Director’s Are Concerned About Bitcoin Bonds and Chivo Wallet’s Regulatory Oversight According to a report published by the IMF, a global financial institution that promotes…

MicroStrategy Will Continue Bitcoin Buying Unfazed by Market Plummeting: Report

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Bitcoin-accumulating software company MicroStrategy will continue investing in the cryptocurrency despite the recent slide in the asset’s value, the company’s CFO said. The business intelligence company’s strategy is to “buy and hold,” Phong Le said, according to a report in the Wall Street Journal (WSJ) Tuesday. CEO Michael Saylor has made bitcoin acquisition a key goal for the company. As of the end of 2021, MicroStrategy held around 124,391 bitcoin, which it had purchased at an average price of $30,159. The crypto market has lost $1.3 trillion in value in…

Indonesia's Regulator Warns Financial Firms Against Offering Crypto Sales: Report

Indonesia’s Financial Services Authority (OJK) warned firms against offering sales of crypto, according to a Reuters report Tuesday, though trading is legal in the country. Financial institutions are strictly prohibited from “using, marketing, and/or facilitating crypto asset trading,” the OJK said in an Instagram post, according to Reuters. “Please beware of allegations of Ponzi scheme scams in crypto investments.” Trading of crypto is permitted in Indonesia and is regulated by the Commodity Futures Trading Regulatory Agency. It is estimated that as many as 7.4 million Indonesians were invested in crypto…

Chinese Government Rejects Metaverse Trademark Applications: Report

China’s government has begun rejecting trademark applications related to metaverse projects, according to numerous local media reports. Trademark applications containing yuan yuzhou – Mandarin for metaverse – have been denied registration by the National Intellectual Property Administration, the South China Morning Post (SCMP) reported Monday citing data from business and trademark registration tracking firm Tianyancha. Those rejected include applications by NetEase, iQiyi and Xiaohongshu. Applications by the country’s tech giants including Tencent and Alibaba (which owns the SCMP) are still pending review. The action has been attributed to an attempt…