CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal
CoinSwitch Kuber is gunning for ten million users this year.
Bitcoin
FCA warns crypto investors could “lose all their money” after Bitcoin dips again
“Operating without a registration is a criminal offence,” says the FCA.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
Six trends that will change the crypto world in 2021
Which coins will rise in price and which ones will fall?
eToro plans for a $5 billion US IPO
The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.
Bitcoin soars to record $34,000, but dips $5,000 in 24 hours
Bitcoin hit lows of around $18,700 in early December.
Coinbase files for IPO listing amidst racism scandal
The start-up has long struggled with its management of Black employees.
Italy’s Banca Generali acquires $14m stake in crypto fintech Conio
The deal will see Conio’s services offered to Banca Generali’s customers in 2021.
Standard Chartered to launch crypto custodian in UK next year
The bank will, through Zodia, provide custody services for Bitcoin, and Ethereum.
Ziglu lands £6m in Seedrs crowdfunding campaign
Last month, Monzo’s former legal head James Sullivan joined Ziglu.
US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
Australia’s central bank announces CBDC project with ConsenSys
The bank is looking at a CBDC for “wholesale market participants”.
PayPal weighs up crypto acquisitions following major wallet update
BitGo had a valuation of around $170 million in 2018.
PayPal brings crypto further into mainstream with wallet update
PayPal landed the first conditional crypto licence from the NYSDFS.
Indian crypto exchange Unocoin is raising $5m with Draper’s help
Unocoin allows users to trade in bitcoin (BTC), ether (ETH) and tether (USDT).
Crypto exchange Gemini launches in UK armed with EMI licence
UK customers can now make GBP deposits to fund their Gemini account.
Fintech Mode joins Hut Group wave with London IPO listing
Mode anticipates a valuation of around £40 million.
Ex-Starling CTO’s start-up Ziglu launches crypto P2P payments
Ziglu insures digital assets against cyberattacks.
China’s wealthiest turn to crypto to transfer $50bn in assets abroad
Stablecoin Tether has accounted for 93% of stablecoin usage across East Asia in recent years.
R8 relaunches as Mode, appoints ex-Alipay CEO Rita Liu as CCO
Mode is one of R8’s two entities.
Gemini picks Eventus Systems for trade surveillance
Popular cryptocurrency exchange boosts its monitoring.
Boston Fed collaborates with MIT on digital currency
The partnership will perform technical research related to a central bank digital currency (CBDC).
US national banks granted authority to hold crypto for customers
US banks and federal savings associations can offer cryptocurrency custodial services.
Twitter shares slide 4% in wake of unprecedented bitcoin promo hack
The hacked accounts have tens of millions of users.
Crypto trading platform GPay shut by UK High Court
On 23 June, the court “wound up” GPay “in the public interest”.
B21 launches crypto trading app in India following regulation clarity
India has seen a spike in crypto investing in the last months.
New York regulator plans to ease cryptocurrency rules
DFS announces batch of changes amid MOU with New York university.
PayPal and Venmo to “allow buys and sells of crypto directly”
It is understood the services will offer “a built-in wallet functionality” so you can store crypto.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
Facebook attempts to address concerns expressed by regulators on the original proposal
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
India’s central bank says there are no curbs for banks to serve crypto traders
“No such prohibition exists” for banks, says regulator.
Diebold Nixdorf’s corporate network hit by ransomware attack
ATM provider detected the attack in April, which is says has been dealt with.
JP Morgan first major US bank to serve crypto exchanges as banking clients
Coinbase lost its previous banking support from Barclays in August 2019.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini’s MD for Europe, Julian Sawyer, thinks about digital currencies.
South Korea’s KB Kookmin Bank to launch cryptocurrency custody service
The bank filed a trademark application at the end of January.
Crypto start-up Bakkt lands $300m Series B from Microsoft and PayU
The fundraising was closed last Friday, the same day Bitcoin experienced a multi-month low.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
First Digital Trust bags $3m investment led by Nogle
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
Explained: Cryptojacking
IT professionals constantly need to look for tell-tale signs in their networks.
