Singapore bolsters fintech hub with Global Finance Technology Network

Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital and many others. 3727 Total views 7 Total shares Cryptocurrency venture capital funds have poured hundreds of millions of dollars into Solana Labs to support further development and execution of decentralized…

The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system. 538 Total views 2 Total shares The Bank for International Settlements (BIS) has reaffirmed its support for central bank digital currencies (CBDCs).In a report titled “CBDCs: an opportunity for the monetary system,” BIS researchers argued…

Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable. Currently, cryptocurrency is traded like never before. In just the last few weeks, major players have launched both Bitcoin options and futures platforms,…

Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin (BTC) could offer “considerable” upside “if it competes more intensely with gold as an 'alternative' currency.”According to the analysts, the three reasons for their long-term bullish view on Bitcoin are the large valuation gap between Bitcoin…

The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June 14.The financial regulator has blacklisted a firm operating under the domain swissinvest.biz. According to the…

World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected.

As gold reached new highs above $3,500, Peter Schiff — a prominent gold advocate and Bitcoin critic — argued that the precious metal is money, fueling backlash from the crypto community. “Gold is not just any commodity, it’s money,” Schiff wrote in an X post on April 22 after gold prices briefly broke above $3,500.

On-chain activity for the Ethereum layer-2 network has picked up recently, but token prices remain at deep bear market levels. 

The major crypto exchange has long claimed registration in the famous offshoring haven. 1655 Total views 14 Total shares Disclaimer: This article's headline was updated to reflect new information regarding the FSA's statement. Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in Seychelles.On Monday,…