Follow us on social media:

Category Uncategorized

What Is DeFi and Why Is It Important?

DeFi – short for Decentralized Finance – is a new and rapidly growing industry attracting more and more capital, both in terms of retail investments as well as an increasing amount of institutional money. The total value of money tied…

Bancolombia Partners With Gemini Exchange

Colombia’s largest bank, Bancolombia, has partnered with New York-based crypto exchange Gemini to offer its customers cryptocurrency trading services. The partnership will allow Bancolombia clients to trade crypto assets and will take effect on December 14th of this year. The…

US Banks Exploring Bitcoin-Backed Loans

Goldman Sachs is among a number of tier-one US banks exploring the use of Bitcoin as collateral for cash loans to institutions, according to a Coindesk article. This new development effectively lays the groundwork for more integrated crypto prime brokerage…

Fidelity to Expand Institutional Crypto Offering

London-based cryptocurrency lender Nexo and institutional custodian Fidelity have partnered to offer crypto products geared specifically toward institutions. The aim is to bring professional bitcoin products to the market, designed specifically with the needs of institutional investors in mind. According…

IDEX Launches Hybrid Liquidity DEX

IDEX, a leading San Francisco-based cryptocurrency decentralized exchange (DEX) has announced the launch of its V3 Hybrid Liquidity DEX on the Polygon network. Being the world’s first hybrid liquidity exchange, it aims to alleviate many of the pain points associated…

Fidelity Launches Bitcoin ETF in Canada

Fidelity Investments has launched a Bitcoin spot Exchange Traded Fund (ETF) in Canada. The ETF, named Fidelity Advantage Bitcoin ETF, began trading on the Toronto Stock Exchange last Friday under the ticker symbols FBTC – the Canadian Dollar version –…

El Salvador Doubles Down on Bitcoin Bet

El Salvador plans to build a “Bitcoin City” at the base of its Conchagua volcano, using the cryptocurrency to fund the project, President Nayib Bukele announced last month. El Salvador also plans to raise approximately $1 billion via a “Bitcoin…

Thailand Plans to Attract Crypto Holders

Thailand has plans to become a “crypto-positive society”, aiming to boost tourism and attract wealthy crypto holders, according to a Bitcoin.com article. The Tourism Authority of Thailand (TAT) is working hand-in-hand with the country’s regulatory bodies to enable easier and…

Singapore Launches First Two Bitcoin Funds

Fund manager Fintonia has launched Singapore’s first two institutional-grade Bitcoin funds – the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund. Fintonia – and by extension the two funds – is regulated by the Monetary Authority of Singapore…

Citi Group Expands its Digital Assets Division

Citi Group announced the appointment of a new head of digital assets for its institutional branch, the Institutional Clients Group (ICG). Aside from appointing Puneet Singhvi to lead its digital assets division, the American multinational investment bank also hired an…