Auto Added by WPeMatico

FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation

Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series…

Continue ReadingFTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation

Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%

According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or…

Continue ReadingStudy: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%

Blockchain and Cryptocurrency Is ‘Here to Stay and Impossible to Regulate at Large’ — CEO of a United Arab Emirates Based Bank

According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also here…

Continue ReadingBlockchain and Cryptocurrency Is ‘Here to Stay and Impossible to Regulate at Large’ — CEO of a United Arab Emirates Based Bank

Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion

Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The…

Continue ReadingTesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion

FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion

On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The…

Continue ReadingFTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion

Russian Banks Begin Testing Digital Ruble Payments

Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer…

Continue ReadingRussian Banks Begin Testing Digital Ruble Payments

Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club…

Continue ReadingIran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular…

Continue ReadingBank of Russia to Monitor Banks’ Dealings With Crypto Exchangers