The Securities and Exchange Commission (SEC) has asked asset manager Valkyrie Investments not to go forward with plans for a leveraged bitcoin exchange-traded fund (ETF), The Wall Street Journal (WSJ) reported. Valkyrie Investments, which was looking to roll out a fund that would “amplify the...
Mobile banking platform BlockBank, which combines decentralized finance (DeFi) and artificial intelligence (AI) technology, on Tuesday (Oct. 26) announced it will unveil its mobile and web-based app by the end of this year, according to a Bitcoin.com report. BlockBank’s app will bring together traditional finance...
Bitcoin fell around 87 percent last week on Binance’s U.S. exchange, a Bloomberg report says. The price went to around $8,200, when previously it had sat at $65,000. Binance was the sole venue where this happened – on that venue, the level also snapped back...
As the mobility sector continues its digital shift with a variety of vehicle sales platforms expanding capabilities — particularly into financing — the complexities of vehicle financing and the reams of paperwork generated in the process are prime for innovation. That modernization is now happening,...
The blockchain can be the underpinning for the financial services ecosystem to give rise to assets that have real tangible value — including stablecoins and other cryptocurrencies. In a panel moderated by Paul Purcell, co-founder and partner at Continental Advisors, Visa Head of Crypto Cuy...
In a push to increase its user base in the U.S., digital bank Revolut is introducing fee-free cryptocurrency trading for up to $200,000 worth of trades per month, the FinTech announced Tuesday (Oct. 19). Revolut is also offering its 300,000 U.S. customers no-fee ATM use...
Almost every industry was affected by the pandemic, and many businesses that had already incorporated some form of digitization in their processes were still forced to significantly implement digital operational processes to service clients. For the “manually-intensive, paper-based” global trade finance industry, where trade transactions...
The digital sports gaming company DraftKings is working with the Ethereum-based scaling platform Polygon to support custom NFT drops on the DraftKings marketplace. As Seeking Alpha reported on Monday (Oct. 18), the deal gives the marketplace a blockchain solution that’s both scalable and eco-friendly. “Scalability...
Bitcoin surged 3% on Monday (Oct. 11) following a two-week price rally that now pegs the cryptocurrency at more than $57,000, the highest level in over five months, according to reports. Ether gained 2%, topping $3,500. A 12% gain would put Bitcoin at its high...
