BitGo has bought Lumina, a company that provides tax and portfolio management solutions for institutional investors. BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders. The deal is part of BitGo’s year-long strategy to diversify its crypto business. The deal, whose value remains undisclosed, was […]
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US government decides to foster 5G and IoT technologies over defense lobby’s objections. On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president […]
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Tone Vays saw one of his YouTube videos banned, followed by his channel’s termination shortly thereafter. YouTube’s latest batch of crypto channel bans continues as trader, analyst, and channel host, Tone Vays, sees his channel removed from the platform. “The worst part about it is that my entire login is deleted, so, on my phone […]
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Speaking at BlockDown 2020, Binance’s CEO predicted that the effects of quantitative easing will trickle into crypto over the coming months. Speaking at the BlockDown 2020 conference, the chief executive and founder of leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his outlook for crypto assets amid the current global climate of economic uncertainty. BlockDown […]
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Ant Financial launched a new consortium blockchain platform for SMEs and developers. Ant Financial — the Chinese fintech company formerly known as Alipay— has launched a new consortium blockchain platform called OpenChain. According to an announcement on April 16, the platform would allow developers and small and micro enterprises to utilize innovative blockchain tools. They […]
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U.S. Congress sees a new bill looking to give Americans $2,000 a month for at least a year and mandating the implementation of digital dollar wallets by January 1, 2021. As Americans wait for COVID-19 stimulus checks, the Digital Dollar has returned to legislation in the United States that looks to extend monthly payments for […]
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U.S. fintech lenders are helping small businesses affected by the COVID-19 crisis, but crypto players are unable to join. American financial technology firms are now able to help Main Street businesses affected by the COVID-19 crisis via a federal relief plan, but cryptocurrency-native companies apparently don’t fit the bill. Last week, the United States Small […]
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SBI Holdings will start implementing R3 blockchain-consortium technology in their Foreign Exchange services. Japan-based SBI Holdings announced on April 16 that it will begin using R3 blockchain-consortium technology for Forex Trading. This will be the first practical application of the Corda blockchain in the country. According to the announcement published in Nikkei Japan, the technology […]
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A worthless currency, and a worthwhile cause: why Akon is bringing transparency to Africa. Akon takes the stage at the Blockdown Virtual Conference this evening as one of the most influential figures in blockchain’s shift from niche financial tool for techies to the mass adoption of digital currencies. The creator of Akoin discussed the reasons […]
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New DeFi consortium backed by veteran crypto investor, Polychain Capital, hits 51 members to bolster cross-chain DeFi solutions. After decentralized finance, or DeFi, markets collapsed in late March 2020, a number of industry players joined forces to support emerging fintech. Today, the Ren Alliance, a new DeFi consortium backed by veteran crypto investor, Polychain Capital, […]
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