Managers of Wealth Fintech

$1 Billion Now Locked Up in Ethereum Layer 2 Scaling Solutions

Second-layer scaling solutions are designed to combat network congestion on Ethereum—and they're proving increasingly popular.

Dianomi and The Dubs’ research reveals crypto and ETFs are top asset classes investors are searching for

10.3 million global Google searches by consumers into nine asset classes and products and then compares this against the content of 709 articles produced by global asset managers.

Panama Touts Bitcoin and Ethereum in New Crypto Law

The Central American country is next in line for bitcoin adoption in the region.

El Salvador becomes first country to accept Bitcoin as legal tender

The country’s legislature convincingly passed the law on June 9, with 62 in favour, 19 opposed and three in abstention.

Crypto Banking and Decentralized Finance, Explained

The revolution in digital money is now moving into banking, as cryptocurrency starts to reshape the way people borrow and save.

Why bitcoin, ethereum prices are climbing higher

The hard part is explaining why prices are so high.

Blockchain In Insurance Sector Market is Going to Boom With Applied Blockchain, AWS, Microsoft

The growth of the Blockchain In Insurance Sector market was mainly driven by the increasing R&D spending across the world.

Basler Kantonalbank: backing down on crypto and innovations

At the same time, BKB wants to be a niche player in certain business areas with its subsidiary Cler, which is active throughout Switzerland.

First Crypto Fund in Japan Targets Long-Term Retail Investors

Fund includes Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin

UBS invests in 'Knowledge-as-a-Service' platform

Lynk also features top-ranked UBS Global Research analysts on its platform, meaning its customers can tap the bank's experts for Q&As, consultations and executive briefings across themes such as ESG, valuation and accounting.

Coinbase announces ETH2 staking rewards for UK customers

There are no minimum amounts required to stake and customers can convert, stake and earn rewards on a portion of Ethereum rather than their entire balance.

Charles Kolstad featured in Tax Notes article on necessary cryptocurrency tax preparations

Charles goes on to highlight that determining an appropriate valuation method for a cryptocurrency is an issue that needs to be addressed.

ComiBlock, A Nigerian Startup To Help Users Invest In Cryptocurrencies

ComiBlock is for now focused on Africa, but looking at a global scale.

UK taxpayers who believe that being paid in crypto currency will provide a tax loophole will be disappointed

“UK tax legislation makes it clear that tax is due on someone’s ‘earnings’ – that is ‘money’ and anything which has a ‘money’s worth’. Cryptocurrencies clearly satisfy these criteria.”

English courts confirm extensive remedies available for victims of cryptocurrency fraud

A key part of the legal test as to whether a Bankers Trust order should be made is whether there is a real prospect that the information sought will lead to the location or preservation of those assets.

Singapore Issues License to Crypto Custodian Hex Trust

Hex Trust was founded in Hong Kong in 2018 to facilitate the transition to digital assets at financial institutions.

Temasek-founded Aicadium acquires Singapore AI firm BasisAI

The newly merged organisation brings together the best of combined capabilities, including deep AI/ML and product development expertise spanning decades.

IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender

The IMF wrote: “Privately issued cryptoassets like bitcoin come with substantial risks. Making them equivalent to a national currency is an inadvisable shortcut.”

Hottest Crypto Coins Are the Bitcoin and Ether Alternatives

Tokens from Ethereum blockchain rivals lead the gains

Cuba’s central bank now recognizes cryptocurrencies such as bitcoin

“It’s historic that they are embracing it,” said Boaz Sobrado, a London-based fintech data analyst, who spent four years working in crypto in Cuba.

Bitcoin, Blockchain & AI