New York, New York runs the show this week as the site of a host of developments and setbacks for crypto. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The largest city in the United States and the world’s financial capital for […]
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Crypto prices on the secondary market may depend on how much information is given to stakeholders says fintech researchers. Researchers suggest that utility token issuers should provide basic levels of transparency to the public before listing on exchanges. They say that doing so may increase stakeholder confidence and attract new market participants. This is the […]
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Wirecard is now filing for insolvency as a sudden $2.1 billion hole in its balance sheet wipes out 32% of the supposed assets owned by the company. Troubled fintech company Wirecard, which powers many of the crypto debit cards on the market, has reportedly filed to open insolvency proceedings. As reported by Wall Street Journal […]
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The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors. The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many others, […]
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The U.K.’s Financial Conduct Authority is urging all crypto businesses operating in the country to submit their applications by June 30 to make it for the 2021 deadline. The United Kingdom’s Financial Conduct Authority, or FCA, on Monday urged all national cryptocurrency businesses to submit their registration with the regulatory watchdog. According to the FCA’s […]
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According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia. SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. In a June 22 announcement, Thailand-based fintech company SYNQA stated it […]
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Why Bitcoin hitting $9,600 could be a big deal, Robinhood vows to make improvements after customer’s suicide, and Wirecard’s missing billions. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — […]
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Regulators are warming up to crypto around the world as they embrace innovation for economic recovery. Editor’s note: The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode. Recent news […]
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French financial technology firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize Paris properties. French fintech firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize various properties in Paris. According to a June 17 announcement, ID Distribution and Groupe […]
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The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country. The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC). The bank said in its official statement […]
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