Digital Assets

How crypto can modernize the world of lending

Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment. The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become …

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Busta Rhymes Talks Cryptocurrencies, Rappers Asks Fans if He Should ‘Buy In’

<div class=”featured_image_container”> </div> <strong>Trevor George Smith Jr., professionally as Busta Rhymes asked his 3.8 million followers on Twitter what they think about cryptocurrencies. Rhymes questioned if anyone was into crypto and how people were feeling about digital currencies at the moment.</strong> Busta Rhymes Asks If He Should Buy Crypto The American rapper, songwriter, record producer, …

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Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs

<div class=”featured_image_container”> </div> <strong>The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. </strong> Hermitage Museum in Talks …

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FTX Partners With Tom Brady and Gisele Bündchen in Long Term Deal

<div class=”featured_image_container”> </div> <strong>FTX Trading Limited has announced the company has partnered with seven-time Super Bowl Champion Tom Brady and Brazilian model Gisele Bündchen in a long-term deal. Both celebrities will have an equity stake in FTX and receive payments in crypto, the announcement explains. The NFL star Brady will serve as the ambassador for …

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Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows

<div class=”featured_image_container”> </div> <strong>Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. </strong> Hedge Fund CFOs Expect Sizable Increase in …

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Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

<div class=”featured_image_container”> </div> <strong>On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner.</strong> Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused …

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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’

<div class=”featured_image_container”> </div> <strong>U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose …

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Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’

<div class=”featured_image_container”> </div> <b>The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was “good for bitcoin.”</b> Edward Snowden Jabs …

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Indian start-up organization proposes regulatory framework for crypto

IndiaTech.org, an industry association representing India’s consumer internet startups and investors, is backing wants to provide clear definitions for the cryptocurrency industry. On Wednesday, the association released a white paper including a policy proposal with recommendations for a regulatory framework for crypto-assets and crypto exchanges in India. The proposed framework suggests to define cryptocurrencies like Bitcoin (BTC) as …

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Digital Asset Marketplace Apifiny Prime Granted FINRA Broker-Dealer License Approval

<div class=”featured_image_container”> </div> <strong>On Thursday, Apifiny, a global digital asset trading and mining network, announced the company’s subsidiary Apifiny Prime has been granted a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). The firm now joins the ranks of brokerage and exchange businesses like Coinbase, Etoro, and Circle.</strong> FINRA Grants Apifiny Prime a Broker-Dealer …

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