finance

The Fear Factor: A Volatility Index for Crypto Arrives

<div class=”featured_image_container”> </div> <strong>As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version.</strong> VIX Co-Creator to Join Coti-Backed Volatility Project Since exchanges for …

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State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s …

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Funding Roundup: Fresh Capital Aims to Advance Blockchain Product and Service Capabilities

<div class=”featured_image_container”> </div> <strong>Beyond expanding the reach of blockchains’ functionality, projects are striving to improve upon existing technologies with their capital injections to build a more safe, secure, and seamless user experience that will drive the next generation of products and services.</strong> Moma Protocol Receives $2.25 Million to Pursue Infinite Liquidity As the number of …

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Bank of Israel Drafts Model of a Digital Shekel

<div class=”featured_image_container”> </div> <strong>The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. …

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Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet

<div class=”featured_image_container”> </div> <strong>Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping the asset on its balance sheet. </strong> Palantir Enters the Crypto Economy …

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Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing

<div class=”featured_image_container”> </div> <strong>Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review.</strong> While Waiting for Approval for Its Bitcoin ETF, Vaneck …

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Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million

<div class=”featured_image_container”> </div> <strong>The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative payment method solutions.</strong> Nuvei Acquires Crypto Payments Provider Simplex On May 6, the …

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Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

<div class=”featured_image_container”> </div> <strong>The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial …

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‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’

<div class=”featured_image_container”> </div> <strong>Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered strength …

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Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets

<div class=”featured_image_container”> </div> <strong>On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients. The company plans to keep 5% of its balance sheet …

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