Facebook has registered a new fintech firm that will center on blockchain, payments, data analytics, and investing. Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, according to a filing on the Geneva Commercial Register. Libra Networks was registered in Geneva on May 2 by Facebook Global Holdings II LLC. […]
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Top fiat-to-crypto exchanges are adopting market surveillance technologies. Of all crypto-to-crypto exchanges, only Binance has one. While it’s possible to buy top cryptocurrencies like bitcoin (BTC) and ether (ETH) in the over-the-counter (OTC) market, most people will need an exchange in order to buy other altcoins. Exchanges are simply an important component of the system […]
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Chinese payment giant WeChat bans crypto payments for merchants. On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, […]
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The Japanese company achieved unicorn status last month after funding put its valuation at more than $1 billion. Crypto trading platform Liquid has established a joint venture with Virtual Currency Partners in order to enter the United States market, Cointelegraph Japan reported on May 15. The Japanese company, which achieved unicorn status after funding put […]
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Dunamu gave funding to 26 blockchain startups as part of a multi-year investment roadmap. The parent company of South Korean cryptocurrency exchange Upbit has invested almost $50 million in blockchain startups since March 2018, English-language Korean business news outlet The Investor reported on May 15. Dunamu, which created a dedicated investment subsidiary, Dunamu & Partners, […]
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sponsored A new cryptocurrency exchange platform allows users to trade by themselves and to copy strategies of the best performers on its interconnected social investing platform. Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period. The developer promises a user-friendly interface and “super-fast execution,” as the system […]
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Findings by PwC and Elwood confirm the extent of the challenges, with bitcoin prices since decisively reversing. The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin […]
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A new report from Big Four audit firm EY outlines assets and debts of Canadian crypto exchange QuadrigaCX and its subsidiaries. A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on […]
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The U.S. House Financial Services Committee has passed a resolution to form the Task Force on Financial Technology. The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9. The new task force purports […]
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More on Facebook’s potential expansion into crypto. Facebook’s potential expansion into crypto has been widely discussed in the past few months. Although the social media giant has not confirmed anything beyond having a blockchain department, new details about its digital token project continue to surface. Most recently, the Wall Street Journal (WSJ) reported that Facebook […]
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