CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE). “Apart from individuals, a large number of companies are ready to embrace Bitcoin and other digital currencies…
Tag: bitcoin
Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services
The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space. The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency. The exchange has been a service provider in the market for some time, but the…
Ethereum’s big proof-of-stake blockchain switch could happen on September 15th
The Ethereum network has been on a years-long path to switch its energy-hungry proof-of-work blockchain to a more efficient proof-of-stake system, and now its developers are suggesting a date to make the switch. It’s not final yet, but on a call streamed via the Ethereum Foundation’s YouTube page, they decided to submit this pull request…
Cryptocurrency Is Booming in Nigeria Despite The Banking Ban
Nigeria’s regulators tried to crack down on cryptocurrency. Now, a few months later, it’s clear their efforts haven’t worked. The nation is a prime example of how people will turn to crypto to cope with a struggling economy despite the prohibitive stance of the state. In February, the Central Bank of Nigeria ordered banks to…
The Crypto Council for Innovation Launched With Coinbase, Fidelity and Square
Soon-to-be public crypto exchange operator Coinbase, fund giant Fidelity, and fintech stalwart Square are among the companies behind the new Crypto Council for Innovation – an organization aimed at giving companies with cryptocurrency exposure a say in how the asset class is regulated. The Crypto Council for Innovation (CCI) was created by San Francisco-based investment…
Morgan Stanley To Offer Bitcoin Funds Access To Wealthy Clients
Morgan Stanley will offer its wealth management clients access to bitcoin funds, becoming the first major US bank to make such a move. In an internal memo on March 17, Morgan Stanley told its financial advisors it will allow access to three funds that enable ownership of Bitcoin, CNBC reported. The move could potentially help…
2020 – A Recap
A decade on, i continue my yearly ritual 1.Till the beginning of October, the year 2020 went pretty well for me inspite of the pandemic and the innumerable hardships faced by everyone around us. And then on October 6th , disaster struck as my brother passed away and it was the most terrible feeling i…
Swiss Arm of Russian Largest Bank Gazprombank To Offer Bitcoin Custody And Trading
The Swiss arm of one of Russia’s largest banks yesterday announced that it would offer crypto custodian and Bitcoin exchange services to the businesses and institutions it counts as customers. The Swiss subsidiary of Gazprombank, Russia’s third-largest bank, has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to offer “the safe custody of…
Square Reports $1.63 Billion In Bitcoin Sales Or The Third Quarter Via Its Cash App
Square sold $1.63 billion in bitcoin during the third quarter of 2020, according to a newly released earnings statement. The latest quarterly sales make up nearly 90% of all sales in prior quarters, highlighting the growth in the business. Backing out the cost to acquire the bitcoin, Square made $32 million in gross profit on…
Ethereum Breaks Multiple Records As ETH 2.0 Launch On 1st December Approaches
Ether (ETH) has hit multiple records amid news that Ethereum 2.0 could launch as early as Dec. 1, according to crypto analytics firm Glassnode. Today’s launch of the deposit contract introduced the ability for users to deposit 32 Ether required to participate in staking. ETH 2.0’s beacon chain genesis will take place on Dec. 1…
DBS Plans For A New Crypto Currency Exchange
A DIGITAL currency exchange backed by Singapore‘s largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval. Industry observers say that if approved, the DBS Digital Exchange could be one of the world’s first crypto exchanges backed by a traditional bank. A version of the exchange’s…
Iran Turns To Bitcoin To Fund Imports
Crippled by sanctions imposed by the US government, Iran has turned to cryptocurrency to fund imports. The Islamic republic has become the first country in the world to adopt bitcoin at a state level for value exchange, Trustnodes reports, citing a story issued by the official IRNA news agency. The Iranian cabinet has changed legislation…
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