Today is a big day for Robinhood, the popular trading platform. The company, which has found itself under fire in the past few weeks due to the GameStop debacle, has announced that it will begin supporting deposits/withdrawals of cryptocurrencies. In addition to this, the company’s CEO, Vlad Tenev, will be speaking at a Congressional Hearing […]
Tag: STO
With Interest Rates Near Zero, Why Aren’t Savers Flocking to DeFi?
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. With the Federal Reserve printing funds and slashing interest rates, the effects are everywhere. High-yield savings accounts, known for their 1-2% APYs, are seeing drastic reductions. So why aren’t savers turning to DeFi, where […]
Booming Crypto Market has Thai SEC Setting Registration Deadline For Digital Asset Managers
On Monday, the Thailand Securities and Exchange Commission (SEC) unveiled numerous announcements that will affect virtual and crypto asset portfolio managers. Beginning February 24, all asset managers and crypto investment advisers will need to apply for operating licenses from the regulator, the Bangkok Post reports. According to the Thailand SEC, a virtual asset investment adviser […]
NFTs are the Next Frontier of Digital Currencies says Bitcoiner Chamath Palihapitiya
“I don’t even know what that is,” was Chamath Palihapitiya’s reply to DeFi last summer. But now things have changed, so much so that the CEO of Social capital is “building a fairly sizable portfolio” of non-fungible tokens (NFTs). An early executive at Facebook, Palihapitiya, shared in his interview with Bloomberg that he is buying digital […]
PayPal wants to distribute CBDCs for central banks
PayPal has offered to distribute central bank digital currencies (CBDCs) to the masses using its digital wallets PayPal’s CEO has suggested that the payment company wants to help central banks distribute their CBDCs using its digital wallet. Dan Schulman suggested that the payment company could play the role private banks play in distributing the physical […]
Why it Matters: Payment Processor Giant Mastercard to Support Crypto
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In a recent announcement, Mastercard, a global leader in the payments technology industry, declared its plans to start supporting select cryptocurrencies directly on its network. For reasons obvious, crypto and payment industry experts are […]
BNY Mellon Launches ‘Digital Asset Unit’ – Will Offer Custodial and Issuance Services
A snowball effect seems to be occurring as entries in to the digital asset sector are occurring at an increasingly rapid pace. Today, banking giant, BNY Mellon, has announced the creation of its very own ‘Digital Assets Unit’. Digital Assets Unit This unit is said by BNY Mellon to be actively developing a ‘multi-asset digital […]
America’s Oldest Banking Giant, BNY Mellon, to Hold and Transfer Bitcoin & Other Cryptos Including Stablecoins
Bank of New York Mellon Corp., the oldest bank in the US, which boasts of $2 trillion assets under management (AUM), has finally jumped on the cryptocurrency bandwagon. This move is made following a shift in sentiments and regulatory clarity regarding cryptocurrencies and because “Digital assets are the future.” “We’re experiencing heightened interest from current clients […]
French Regulator Proposes New Regulations And Pilot Programs For Blockchains & Crypto
In a speech by Robert Ophèle, Autorité des Marchés Financiers (AMF) Chairman, during the 5th Annual Fintech and Regulation Afore Consulting conference, French regulators need to take a step forward in pilot programs and creating new laws to govern distributed ledger technology (DLT) and blockchain across the EU. Ophèle further acknowledged the “digital acceleration” in […]
Bitwise Files Application to Launch Exchange Traded Fund (ETF) for ‘Crypto Innovators’
Bitwise has filed to launch a new investment product, tracking performances of crypto companies. Investment firms are expanding their operations as crypto demand continues to grow. Asset managers and investment firms in the crypto industry are getting more creative as they look to attract new investors and grow their business. This week, Bitwise Asset Management, […]
