Category: United States
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Nasdaq Acquires Swedish Fintech Cinnober in $190 Million Deal
The world’s second largest stock exchange, Nasdaq, has taken its strategic technology infrastructure to new heights by procuring a partnership deal with Cinnober. Nasdaq Adds Cinnober’s Fintech Knowledge Cinnober has spent two decades polishing its brand as a luminary multi-asset class solutions technology service. The Swedish company has firmly planted its roots, providing trading system…
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Economist: 2020 Will be Worse Than 2008 Recession, Institutions Will Favor Bitcoin
Nouriel Roubini, a well-recognized economist and a professor at Stern School, believes a financial crash worse than the 2008 recession will hit US markets by 2020, which may lead institutional investors to commit to crypto as an alternative store of value and asset class. On Project Syndicate, Roubini outlined 10 major factors that will fuel…
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Bitgo Attains Regulatory Approval in United States
Bitgo, a cryptocurrency security and custody company, has been granted regulatory approval to provide its storage services to the United States. Specifically, Bitgo will target U.S.-based institutional investors with its “Bitgo Trust Company.” Also Read: Corporate Creditors Can Now File Claims for Mt Gox Restitution Bitgo Approved by South Dakota Regulators The South Dakota Division of…
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BitGo to Launch Regulated Custody Service in South Dakota
The South Dakota Division of Banking has approved BitGo Trust Company to serve as a public trust company in the state and qualified custodian for digital assets, according to a press release. Filling a Missing Piece of Crypto Market Infrastructure Related: Cryptocurrency Custodian Services are Wall Street’s Chance at Being Crypto-Relevant Through the approval, BitGo…
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Chinese Investment Firm Buys US Department of Defense Office, Transforming Into Crypto Mining Farm
A U.S. Department of Defense data center will be transformed into a cryptocurrency mining farm later this by the Chinese investment firm Wuhan General Group, which recently purchased the facility. Advancing the Mining Economy Based on successive rounds of negotiation, the mining rigs will begin arriving in October. Wuhan voiced the usual narrative of choosing…
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Crypto Heavyweights Form Pro-Blockchain Lobbying Group
As Capitol Hill learns to parent the budding young toddler that is the cryptocurrency industry, some of the industry’s biggest hitters have joined hands to form The Blockchain Association—a lobbying group intending to curry “pro-innovation” favor with U.S. lawmakers. Materializing out of a blog post on Medium, The Blockchain Association has reportedly set up camp…
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SEC Charges ‘ICO Superstore,’ Digital Hedge Fund Manager with Registration Failures
The U.S. Securities and Exchange Commission is charging two crypto-related entities with registration failures, in what it considers a first for both enforcement actions. TokenLot Hit with Unregistered Broker-Dealers Related: SEC Shuts Down Two Bitcoin and Ether Securities, Calls Out ‘Investor Confusion’ The first to be hit with charges is Michigan-based TokenLot, a self-described “ICO…
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CFTC Opens Registration for First Fintech Conference
The U.S. Commodity Futures Trading Commission (CFTC) will host its first-ever fintech conference, Oct. 3-4, at its headquarters in Washington D.C. Registration for the event is now open. FinTech Forward 2018 The CFTC’s LabCFTC and the Office of Customer Education and Outreach (OCEO) have teamed up to welcome innovators, regulators, market participants, thought-leaders and the…
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Gemini Faces Competition As Paxos Releases New, Regulated Stablecoin
Right on the heels of the Winklevoss twins’ enterprise announcement that Gemini will be matching cryptocurrency and fiat finances dollar-for-dollar with its new stablecoin, New York-based Paxos joins the realm of federally regulated crypto assets. Introducing Paxos Standard With approval from the New York State Department of Financial Services, Paxos has been greenlit to launch its…