Italian securities regulator Consob is shutting down 8 FX and crypto websites for providing illegal products and services. Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites. According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused […]
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A lot of cryptocurrency holders prefer to use crypto for daily transactions. Have they been disappointed by businesses? There are many reasons why people own cryptocurrencies. One is to store cryptocurrencies as value due to the limited supply of coins like Bitcoin. Some people store cryptocurrency for speculation — meaning they aim to make a […]
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New data shows FAANG stocks offer better risk-adjusted performance than the top 3 cryptocurrencies in the market, including Bitcoin. Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform […]
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Veteran investor and crypto pioneer Rana Yared leaves Goldman Sachs for VC firm. Financial service powerhouse Goldman Sachs Group Inc. lost another one of its top brass on February 5 after two other executives expressed departure plans several days prior. Goldman Sachs partner Rana Yared plans to exit her position at Goldman Sachs for a […]
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The Ugandan government is reported to be making moves in banning pyramid schemes, which may put additional restriction for cryptocurrency usage and reporting. Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are […]
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Smart contract platform Quras partners with Africa’s non-profit blockchain association BNUG to connect Asia and Africa’s blockchain communities. Quras, a smart contract platform that enables anonymous, private-protected transactions, has partnered with non-profit association Blockchain Nigeria User Group (BNUG). According to a Feb. 5 press release from Quras, the new partnership will enable Quras to expand […]
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Sony Financial Ventures is the latest investor in Securitize’s digital securities technology, joining Santander and MUFG. Digital securities company Securitize announced a strategic investment from Sony Financial Ventures, in a press release dated Feb. 4. The unspecified level of investment marks an extension of Securitize’s latest funding round, which saw Santander and MUFG lead a […]
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As crypto prices rise, mines should step up their game: Here are the top graphic cards to pay attention to in 2020. The hype cycles around cryptocurrencies are comparable in their ups and downs to the British weather. This is primarily due to high volatility, which can reduce the entire stash of a potential investor […]
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New data shows diversification between Bitcoin and traditional assets provides better risk-adjusted performance for investors. Bitcoin (BTC) was the best performing asset of the decade according to a recent report by Cointelegraph and earlier this week Morgan Creek Capital CEO, Mark Yusko, said that every investment portfolio should have a minimum 1% Bitcoin allocation. Yusko […]
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There were signs in 2019 that large institutions are moving closer to embracing cryptocurrency and blockchain technologies. Slowly but surely, institutional players are moving into the crypto/blockchain neighborhood. According to a 2019 Fidelity Investments survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the […]
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