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Elwood Asset Management, owned by billionaire investor Alan Howard, is building a new crypto investment platform for institutional investors, The Financial Times reported, citing CEO Bin Ren. He sees this as a "very big growth opportunity" and hopes that the platform could eventually manage over USD 1bn of assets, the...
Japan’s regulatory Financial Services Agency (FSA) looks set to beef up its policing of the country’s cryptocurrency exchanges. Per a report from Japanese media outlet Crypto Watch, the FSA wants to revise more laws and bolster cooperation with overseas authorities. Exchanges will be cheered by the fact that the FSA has...
Major cryptocurrency exchange Binance just took another step in expanding their services as they're entering the crypto lending business. Binance said it will launch their new Lending Platform August 29 6:00 AM (UTC). In the first phase of the Lending launch, 14-day fixed term BNB (annualized interest rate of 15%), USDT...
South Korea’s biggest exchanges are looking to slim down their listings – with a slew of delistings possibly on the cards at the country’s “big four” platforms. Per a report from Fn News, Upbit is set to delist the Sphere (SPHR), Edgeless (EDG) and Guppy (GUP) cryptocurrencies, and will likely...
The pressures of doing business in an increasingly competitive arena have taken their toll on Asian cryptocurrency exchanges – with a first-generation Japanese operator leaving the market and a major South Korean exchange closing down an overseas venture, while a smaller local player has also decided to leave this...
Stablecoins may be about to see more widespread use in traditional business as “several big suppliers” of the low-cost carrier and one of the biggest airlines in Europe, Norwegian, are reportedly positive about this alternative transaction method. As reported, Norwegian is launching its own cryptocurrency exchange, the Norwegian Block Exchange...
Litecoin founder Charlie Lee has taken to Twitter to claim that his project is alive and well – despite an apparent lack of recent activity. Lee stated that he “just wanted to set the record straight” with his posts, and began by pointing out that there have been only “a...
U.S.-based major money transfer company MoneyGram said it has already started to use Ripple's xRapid product that is aimed at minimizing liquidity costs and is powered by Ripple's XRP cryptocurrency. However, what are they using it for? (Updated on August 9: comments by Ripple CEO has been added, updates...
As Bitcoin and other cryptocurrency projects are already forcing banking incumbents to work more efficiently, the Federal Reserve, the central bank in the U.S., is reportedly “seriously considering” to develop a new and faster payments system for domestic use in the U.S., a recent letter from Fed Chairman Jerome...
Payments giant Mastercard looks set to move into the blockchain and cryptocurrency sphere in earnest after the company posted three job advertisements seeking senior-level specialists. Per the company’s job postings board, Mastercard is currently seeking a vice president of product management in “blockchain/crypto,” as well as a director of product...