Tag: Cryptocurrency

State Street partners with Lukka to bring crypto services to its private-fund clients

State Street partners with Lukka to bring crypto services to its private-fund clients

State Street Corporation has unveiled plans to offer cryptocurrency and digital asset services to its private-fund clients.  The financial services company announced Thursday that it has partnered with crypto data and software provider Lukka to provide clients with collection, reconciliation and processing services.  This development marks State Street’s latest step towards advancing into the crypto […]

Continue Reading

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing […]

Continue Reading

Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology

Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology

Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank […]

Continue Reading

Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under […]

Continue Reading

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial […]

Continue Reading

Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets

Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets

Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable items. Russian Universities to Provide Service Allowing Crypto […]

Continue Reading

A close look at Aave’s plan to build a protocol for decentralized social media

A close look at Aave’s plan to build a protocol for decentralized social media

Quick Take DeFi lending company Aave is working on a protocol for decentralized social media. The company has had more than half of its team working on it since the beginning of the year. Here’s how the protocol will work. This feature story is available to subscribers of The Block Daily. You can continue reading […]

Continue Reading

Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated

Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated

In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It’s Not […]

Continue Reading

Iran Raises Alarm Over Potential Influx of Miners From China

Iran Raises Alarm Over Potential Influx of Miners From China

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]

Continue Reading

Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows

Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows

The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu […]

Continue Reading