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Bahrain-based Rain Cryptocurrency Exchange Secures $6 Million From Coinbase

January 17, 2021 Business, News Eddy 0

In a series A funding round led by VC firm Middle East Venture Partners, Rain Financial Inc. (which owns www.rain.bh) has secured $6 million from Coinbase Inc and a group of Middle Eastern-based venture capital funds. Rain obtained a full regulatory license from the Central Bank of Bahrain in mid 2019. It claims to be the […]

Grayscale 10X Boost In 2020

January 14, 2021 Bitcoin News, Business, Finance, Grayscale, News Eddy 0

While many of us languished in a pandemic year, one company stood out and grew like no tomorrow like the fabled story tale of Jack and The Beanstalk. In its latest quarterly report, Grayscale has announced a record fund inflows of US$3.2 billion in 4Q2020. Even more astounding is the fact that their assets under […]

Anchorage Obtains Approval to Become US First National Bank for Digital Assets

January 14, 2021 Business, Fintech News, News, Regulations Eddy 0

Crypto custodian and firm Anchorage has made history this week by being the first company in the US crypto industry to obtain a conditional national bank charter from the Office of the Comptroller of the Currency (OCC), two months after it first seeked approval back in November. The US will be getting its very first […]

New Crypto Billionaires Ranked by Forbes After Bitcoin Prices Soar

January 13, 2021 Bitcoin News, Business, News Eddy 0

The past month has shown Bitcoin believers and HODLers that rewards come to those who wait and hung onto the bellwether cryptocurrency despite harsh criticisms and mockery from others for years. Early crypto advocates and leaders especially have found their wealth growing multi-fold with the spectacular, almost unbelievable bull run in the last few weeks. […]

A Brief 2020 Recap in Crypto

January 1, 2021 Bitcoin News, Business, Ethereum News, Investment News, News, Regulations Eddy 0

It’s the first day of the year, and as countries all over the world move past the last vestiges of 2020 into 2021, here is a brief recap of the major happenings in crypto and what we can possibly expect for the new year, especially as most of the crypto market is in the green […]

Ripple Says SEC Intends to Sue for Unregistered Securities Sale

December 22, 2020 Business, Fintech News, News Eddy 0

Ripple CEO Brad Garlinghouse revealed to Fortune today that he believes the US Securities and Exchange Commission will be bringing a major lawsuit against Ripple soon for the unauthorized sale of securities. The company created the XRP token, the third-most capitalized digital asset in the market at present, and is known for overseas remittance use, […]

Crypto Exchange INX Limited Delves into Real Estate, Gaming & Liquor

December 20, 2020 Business, News Eddy 0

INX Limited stole headlines a few months ago with the sale of its INX security tokens under an Initial Public Offering (IPO) as approved by the US Securities and Exchange Commission (SEC). Now, it is expanding its ecosystem as the firm ventures into listing tokenized in-cask liquor, gaming and lastly, real estate on its trading […]

Visa Proposes CBDC Transaction System that Can Be Used Offline

December 19, 2020 Business, News Eddy 0

While a majority of central bank digital currencies (CBDCs) have not yet been launched for extensive and official public use, Visa is staying ahead of the curve by planning for the eventual circulation of digital currencies. In a research paper published this week, titled “Towards a Two-Tier Hierarchical Infrastructure: An Offline Payment System for Central […]

Coinbase Confirms Filing to Go Public with IPO

December 18, 2020 Business, Investment News, News Eddy 0

After an initial announcement back in July, Coinbase has finally confirmed its filing with the US Securities and Exchange Commission (SEC) for its public listing. The largest recognized cryptocurrency exchange in the US at present, Coinbase garnered a significant amount of attention when it revealed its plans for an Initial Public Offering (IPO), back when […]

Binance Announces New Strategic Partnership With Chiliz

December 15, 2020 Blockchain, Business, Investment News, News Eddy 0

According to a press release by Binance, the world’s largest cryptocurrency exchange by volume has just announced its new strategic partnership with a fintech blockchain company that provides sports and entertainment entities, Chiliz. The first milestone of the partnership will be the allocation of Chiliz fan tokens for Paris Saint Germain (PSG) and Juventus (JUV) […]

Category: Business