Category Archives: Cryptocurrency News

SBI and SMFG Will Launch Blockchain Stock Exchange in 2022

SBI Holdings and Sumitomo Mitsui Financial Group (SMFG) will launch a blockchain digital securities exchange in Osaka in the spring of 2022 to compete with the Tokyo Stock Exchange. According to the Nikkei publication, the exchange created by SBI and SMFG will be the first stock exchange in Japan to allow investors to trade digital securities using the blockchain. To prepare for the launch of the exchange in March, the companies will create an operating…

Crypto Broker AG obtained a broker-dealer license in Switzerland

The brokerage division of Crypto Finance Group – Crypto Broker AG – has received a brokerage license from the Swiss Financial Markets Authority (FINMA). Crypto Broker AG CEO Rupertus Rothenhaeuser said the license would expand the firm’s reach, enhance regulatory compliance, and facilitate risk monitoring and liquidity reporting. Many banks are ready to work only with regulated partners, imposing strict requirements on them. According to Rothenhauser, now Crypto Broker AG can work with any Swiss…

CoinMarketCap has Pushed WSB token ahead of bitcoin in support of Reddit users

WallStreetBets (WSB) token appeared on CoinMarketCap, which took zero place ahead of BTC in terms of capitalization. This joke relates to Reddit users’ revenge on institutional traders. The CoinMarketCap service posted a warning on the WSB page that no such asset actually exists. This means that Bitcoin is still the leader in the cryptocurrency market. The fictional token is valued at $ 483, and its capitalization is $ 24.8 billion. There are 51,442,000 WSB in…

Visa plans to expand the use of cryptocurrencies in the payment network

The CEO of Visa spoke about plans for cryptocurrency payments during a teleconference on the company’s financial activities for the first quarter of 2021. In his speech, Visa CEO Alfred Kelly said the company is ready to make cryptocurrency payments safer and more widely used by working with the firm’s partners. Visa plans to work with wallets and exchanges so that users can buy cryptoassets, he said. In addition, the company intends to provide users…

SIA and WizKey are developing an Ethereum-based platform for the secondary loan market

SIA, a developer of electronic payment services, plans to launch an Ethereum-based secondary lending platform in the second half of 2021. According to a statement from SIA, the firm is working on a blockchain-based system to enable secondary credit trading. The platform will allow banks, funds and financial operators to conduct secondary credit transactions through the blockchain. In a separate statement, a SIA spokesman said the company plans to test the Ethereum-based platform in the…

BIS: “Central banks of developing countries will issue state cryptocurrencies in the next three years”

According to a new study by the Bank for International Settlements (BIS), central banks are actively researching state-owned cryptocurrencies, and developing countries are initiating their mass release. According to BIS’s third annual survey of 65 central banks, 86% of respondents said they at least consider the pros and cons of issuing their own digital currencies. Last year this figure was 80%. According to the survey, 60% of central banks are currently experimenting with government-owned cryptocurrencies.…

Regulators South Africa has revealed the cryptocurrency pyramid Mirror Trading International

South African regulators will tighten control of the cryptocurrency industry due to the closure of the fraudulent scheme Mirror Trading International, which managed to collect 23,000 BTC worth more than $ 700 million. The Financial Sector Supervisory Authority (FSCA) of South Africa announced the proliferation of cryptocurrency pyramids. Mirror Trading International (MTI) has become the largest of these in the country. The firm has positioned itself as a Bitcoin trading platform and has attracted over…

Reddit announced partnership with Ethereum Foundation

Reddit employee known as jarins has announced a partnership between the company and the Ethereum Foundation, a non-profit organization that supports the Ethereum program and development. On the evening of January 27, a message from one of the Reddit administrators appeared on the Ethereum subreddit announcing the partnership and congratulations to the Ethereum community. A Reddit employee known as jarins writes that this is the company’s first partnership in the blockchain industry. According to the…

Major US Universities Invest in Cryptocurrencies Through Their Funds

Endowment funds of some universities in the United States have purchased cryptocurrency through accounts at Coinbase and other cryptocurrency exchanges over the past year. According to two sources familiar with the situation, Harvard, Yale and Michigan universities, Brown University, and several other US institutions of higher education bought cryptocurrency through exchanges. Recall that in the fall of 2018, the five largest US universities invested in cryptocurrency funds. “There are quite a few,” said a source…

Central Bank of India began research on the issue of its own digital currency

The Central Bank of India (RBI) is starting to explore the potential of government digital currencies, as well as the feasibility of issuing its own digital currency. Despite rumors of an upcoming draft law to ban cryptocurrency trading, RBI’s position on digital assets has become more optimistic. According to a report published after conducting a study of the payment sector in India, experts from the regulator acknowledge that cryptocurrencies have become popular around the world.…