Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum.  Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S. dollar investment from SBI’s subsidiary, SBI Digital Asset Holdings, which will be used to help the firm grow its […]

Darknet’s JokerStash Retiring After Making Over $1B Through Illicit Transactions

The founder of “Joker’s Stash,” one of the largest underground marketplaces for stolen payment card data, is officially retiring after making a fortune of over $1 billion, reports Elliptic, a U.K.-based blockchain analytics firm. According to an Elliptic blog post, the site’s pseudonymous founder, JokerStash, said the site will cease operations on Feb. 15. Joker’s […]

Twitter Considering Bitcoin Options, Including on Balance Sheet, Exec Says

Twitter is considering adding bitcoin to its company reserves, according to chief financial officer Ned Segal. Segal told CNBC’s Squawk Box Wednesday that the social media giant is also looking at payment options involving the top cryptocurrency by market cap. “We have done a lot of the upfront thinking to consider how we might pay […]

Hardware Wallet Maker Ledger Adding DeFi Support to Mobile App

Cryptocurrency hardware wallet provider Ledger will soon allow users to access the decentralized finance (DeFi) space through its Ledger Live mobile app. EDIT (15:55 UTC, Feb. 8, 2021): Text and headline were altered to reflect that the app update was not live on Monday as expected by Ledger.

Ruffer Turns Bitcoin Investment Into $750M Profit in Under 2 Months

U.K.-based Ruffer Investment Management has managed to quickly turn its recent bitcoin investment into a $750 million profit. Having bought in November, Ruffer’s investment managers took profits in December and January as the cryptocurrency more than doubled to around $40,000, according to a Telegraph Money report Tuesday. “We’ve been surprised by how well it has […]

Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

Mark Cuban, the billionaire owner of the National Basketball Association’s Dallas Mavericks, informed old-school investors that Reddit WallStreetBets (WSB) traders, in his mind “the store of value generation,” are “kicking your ass.” In a blog post published Sunday, Cuban said after watching the situation with the WSB traders unfold he believes they are applying the […]

Crypto Lender Nexo Adds Exchange Service to Its Mobile App

Cryptocurrency lender Nexo has launched an exchange service for a range of digital assets within its mobile app.   According to an announcement Monday, the new service provides more than 75 cryptocurrency and fiat currency pairs, with 17 cryptocurrencies supported. There are no limits on the number of exchanges a user can make in the app […]

India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative

India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, the bill’s chances of becoming law are good. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 […]

Prime Trust, tZERO Partner on Digital Asset Custody, Trading

Security token trading platform tZERO will integrate technology from Prime Trust, a digital asset finance infrastructure provider, under a new partnership.  According to an announcement Wednesday, the integration will enable Prime Trust to manage the custody of digital securities and cryptocurrencies for its customers using tZERO, and further allows its users to trade assets on […]

Former Bitspark CEO George Harrap Joins Crypto PR Firm as Head of DeFi

George Harrap, who previously led Hong Kong-based blockchain remittance startup Bitspark as CEO, is joining fintech and cryptocurrency-focused PR firm YAP Global as head of DeFi. In an announcement Wednesday, YAP Global said the new hire will help bridge the communication gap between the mainstream media and decentralized finance (DeFi). In his new role, Harrap […]

Valkyrie Digital Assets Files for Bitcoin ETF

Valkyrie Digital Assets filed an application on Friday for a bitcoin exchange-traded fund (ETF), becoming the second company to do so in a month. According to Dallas-registered Valkyrie Digital Assets, the Valkyrie Bitcoin Trust would be listed on the New York Stock Exchange and Coinbase Custody Trust Company, LLC would serve as the custodian for […]