Managers of Wealth Fintech

BNY Mellon Embraces Crypto, But One of Its Units Isn’t So Sure

That volatility was on full display on Wednesday, with the token slumping nearly 5% to $34,480 as of 10:00 a.m. London time.

Citibank Enters Crypto Space, Launches Digital Assets Unit

The funds the bank will offer include two from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and Bitcoin company NYDIG.

Binance fallout sees demise of European crypto exchange in Jersey

More general reaction to the UK regulator Financial Conduct Authority's warning to consumers that Binance Markets Limited is not permitted to undertake regulated activities in the UK has flooded in from across the financial services industry.

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Blockchain and Crypto Will Play a Big Role in Financial Inclusion in Africa

These numbers are likely to keep rising, and show an interesting trend as well, in that while cryptocurrencies are largely used by companies and financial traders elsewhere in the world, they are being primarily used for commerce in Africa.

Germany’s financial watchdog approves crypto custody license for Coinbase

Since January 2020, all crypto firms operating in the German market have required BaFin approval.

Demand for digital euro not yet clear, says BBVA exec

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.

Billionaire Salinas Says He's Working for His Bank to be Frist in Mexico to take Bitcoin

Salinas is the founder and chairman of Grupo Salinas

Bank of America Okays the Crypto Approach in Developing Countries

The head of emerging market cross-asset strategy and economics highlighted that digital currencies have a “lot of potential” for including the unbanked population in a global financial system.

London-based startup Checkstep raises £1.3M funding to employ AI-based content moderation solution

The company has now announced a £1.3 million funding round, which will help them further develop their offerings.

Binance: Financial watchdog FCA bans cryptocurrency exchange

Binance has not registered with the FCA and therefore is not allowed to operate an exchange in the UK.

A GDPR for artificial intelligence?

One AI use case which has come under particular scrutiny is that of facial recognition.

Citigroup launches Digital Asset Group, adding crypto to wealth management unit

Bitcoin is up 0.8% to ~$34K and C increases 1.5% ahead of the Fed's bank stress test results to be released after the close.

£114m of cryptocurrency seized by police over money laundering

Cash remains king, but as technology and online platforms develop, some are moving to more sophisticated methods of laundering their profits.

SA Crypto firm AfriCrypt allegedly defrauds investors of over R54bn; founders flee to UK

FNB risk spokesperson Nadiah Maharaj spoke to Business Report and refused to acknowledge any relationship with the fraud-accused company.

World’s Top Bitcoin Mining Rig Maker Suspends Sales

It also said it would sell gear in the future to mine smaller, alternatives coins.

BBVA Switzerland enables Bitcoin trading for private customers

The Spanish banking group added that the extension of this service to other countries would depend on the demand and regulation.

Axway: Blockchain and the Future of Business Platforms

Enterprises around the globe are redefining their industries utilising blockchain technologies to transform their ecosystems and make transactions easier, faster and safer.

Visa and PayPal back $300m Blockchain Capital fund

Jose Fernandez da Ponte, VP, GM, blockchain, crypto and digital currencies, PayPal, says: "PayPal is committed to fostering an ecosystem of companies making digital currencies more accessible, useful and secure.

South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

In this latest document, the IFWG recommended that South Africa should now consider regulating cryptocurrencies.

Bitcoin, Blockchain & AI