Managers of Wealth Fintech

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.

Standard Chartered launches digital blockchain trade finance platform in Singapore

A joint venture between the Asia-heavy bank and a Chinese supply chain tech player aims to make trade finance an alternative asset class with digital efficiency.

Central bank digital currencies face uphill battle to win over crypto fans

One of things that CBDCs would hope to achieve is stop stablecoins

Demystifying VASPs in Crypto Compliance

This definition encompasses a range of crypto businesses

The Rise of Fake Crypto Trading Bots: Steps Users Must Take to Avoid Getting Scammed

MTI never generated high returns for its investors because it was never a genuine investment company in the first place.

Major hotel in Swiss Alps now allows crypto payments

The Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH.

Citi Eyes Crypto Opportunities

Citi's Wall Street rivals have shown increased interest in the space of late. Goldman Sachs reportedly restarted its crypto trading desk in March to deal bitcoin futures and non-deliverable forwards to support clients like hedge funds.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products

These functions include complying with anti-money laundering regulations, handling governance, and supporting asset management activities.

Kraken Crypto Exchange Seeks EU License, Eyes Expansion in Europe

A final decision is yet to be made as the exchange is in ongoing talks with supervisory bodies on the Old Continent.

Tezos selected to enable smart contracts for leading European banks

Tezos is an open source Proof of Stake blockchain network that offers security, reliability, and speed for the next generation of financial services products.

BofA granted record number of patents

Of these, 29% were related to information security, 17% mobile banking, and 12% programming technology.

Report: Italian Mafia Exploits Cryptocurrency and the Deep Web

The anonymity offered by the online markets is particularly valuable to the criminals amids the pandemic

Bitcoin, Blockchain & AI