Bitcoin ‘Isn’t Going Away,’ Digital Assets Company CEO Says
Bitcoin has been put to the extreme test during the past few weeks as this year’s cryptocurrency market crash has raised questions about the viability of the industry, with investors bearing the brunt of the collapse and market fear hitting a new high. Fears of a worldwide recession and the highest inflation in over four decades have […]
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German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market. Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice. The crypto bear has been relentlessly cleansing the market of excess, leverage, poor risk management and outright scams. If....
Digital asset company Bakkt announced a partnership with Tech giant Google on Friday. This project “is to extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences.” The partnership will introduce digital assets to millions of consumers. And also make payments more accessible. Bakkt’s New Partnership With Google Intercontinental Exchange, […]
Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people. Related Reading | Why Citi Is “Slowly” Building A Crypto Infrastructure, CEO Says As part of […]
The firm stated in a release that it was establishing a new Digital Company, which would begin operations in April, as part of the restructuring. In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class.The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin operations in April. The main objective of the new company will be to increase clients'....
In an article on Medium, writer Adam Holt shared how Bitreserve could serve as a central hub for digital assets to be stored in the cloud. The company currently holds $2.7m assets in their reserve, denominated in various currencies such as USD, EUR, GBP, etc. Bitreserve aims to create a financial ecosystem in which people can hold, send, and receive money to and from anyone instantly. It could allow users to enjoy the safety and security of one-for-one matching in their reserve, enabling people to transact in up to sixteen different currencies instantly. Cloud Storage for Digital Assets.....