Finance and Business News

French asset management firm Napoleon Fund AM has launched a new fund tied to Chicago Mercantile Exchange’s (CME) cash-settled bitcoin futures. The “Napoleon Bitcoin Fund” began trading on Dec. 6 with a minimum €100,000 ($110,000) buy-in for professional investors, who must reside in France, according to the prospectus. It can not be traded cross-border. It […]

Accounting advisor CPA.com and cryptocurrency accounting automation startup Lukka partnered to jointly launch a crypto asset tax preparation tool. CPA.com announced the partnership with Lukka in a press release published on Dec. 9. Per the release, the “LukkaTax for Professionals” crypto-asset preparation tool for accountants aims to address issues currently faced by companies in the […]

Binance iOS margin trading app now allows iPhone users to trade with 125x leverage on Bitcoin and 50x leverage on Ethereum. Exchanges Allow Dumping Savings at the Speed of Lightning You don’t even have to use a PC to dump money anymore: convenient Binance iOS app allows you to do it from anywhere. So, mom […]

Coinbase has announced today that MakerDAO’s Ethereum-based DAI has become the first stablecoin fully supported by its crypto debit card, Coinbase Card. According to an official blog post, this new edition is primarily aimed at users who want to experience and spend cryptocurrencies without the crazy price fluctuations that typical cryptocurrencies come with. As a […]

It may seem surprising, but Crypto Loans platforms designed for loans and lending through the use of cryptocurrencies are a relatively new development for the crypto industry. Each platform adheres to its own strategy, but the idea shared by all is that users put their cryptocurrency into an automated smart contract as collateral for a […]

The research team at the Changpeng Zhao-led cryptocurrency exchange, Binance, recently published its November Markets Overview report. It expanded on how the Binance Research team looked into Bitcoin Cash’s impact on order book structure after it was added for margin trading earlier this year, in August. Detailing the process, the report explained how the team […]

When it comes to handling your money, it can be easy to give too much attention to the present and fail to plan for the future. Planning for your financial future can require discipline and sacrifice but can pay off in the long run. If you want to maintain healthy finances and prep for the […]

FinTech and neobanks are prone to adopting the most innovative technologies, such as cloud computing and blockchain technology. Technology has been able to penetrate pretty much every industry in the global economy. The optimization and streamlining feature that the concept has can’t possibly be overstated, and while incumbent traditional organizations still control a large portion […]

A group of ex-Morgan Stanley core developers announced the launch of Crypto Exchange Phemex, a ‘high-speed’ crypto derivatives platform for the retail and institutional investors. As the crypto markets continue to move on a roller coaster, it seems like adoption is growing steadily. A group of eight former Morgan Stanley core developers announced the launch […]

Student loan and lending services provider SoFi has secured a New York virtual currency license, the state’s financial regulator announced Tuesday. The New York Department of Financial Services said in a press release that it approved Student Lending SoFi Digital Assets, a wholly-owned subsidiary of SoFi, granting it a money transmission license as well as […]

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium. The British […]

Nordea Bank has the right to prevent its employees from investing in Bitcoin (BTC) and other cryptocurrencies, a Danish court ruled as well as limiting transactions to online bank like Revolut. The bank will have the right to issue guidelines on owning and trading crypto, even during time off work. Bitcoin is Risky and Hurts […]

China is moving towards a blockchain-based future, a technology it sees as the key to global dominance. President Xi Jinping’s endorsement of the technology has only accelerated the plans of many platforms who wish to take advantage of the Chinese market. According to the latest development, cryptocurrency and blockchain firm, OK Group, OKCoin invest $140M […]

Having established itself as the world’s leading cryptocurrency trading exchange in terms of transaction volume and client base, Binance has added another achievement to its credit, Binance Acquires DappReview. The globally reputed trading platform has acquired Beijing-based blockchain-driven decentralized applications supporting platform, DappReview. According to the statement given by Viktor Radchenko, founder at Binance’s Trust […]

Digitex Futures has launched the public beta for its platform today. Traders are now able to test the futures exchange with its promised zero-commission trading on BTC/USD perpetual swaps. Digitex positions itself as a retail-driven futures exchange, not unlike BitMEX. Its most significant distinction is the DGTX token, which allows zero-fee trading to take place. […]

Galaxy Digital, the cryptocurrency investment bank helmed by Mike Novogratz, pocketed $58.4 million in net income in the first three quarters of 2019, a 133% jump from the same period last year. In a Q3 Financial report, the firm disclosed that it hit a net loss of $68.2 million in Q3, despite the overall gain […]

Huobi Russia, a Moscow-based franchise of the Singapore-based crypto exchange, has launched Russian ruble deposits and will soon have its own exchange token launchpad. Starting Thursday, users of Huobi Russia have an option to deposit Russian rubles on their balances via bank transfers, the exchange announced Thursday at an event in Moscow. The deposits will […]

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports. Germany and German Banks Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies […]