These publicly traded firms are pulling institutions into crypto

These publicly traded firms are pulling institutions into crypto

With increasing institutional capital flow into the crypto markets, publicly listed digital asset companies offer the best crypto gateway to institutional investors. Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a…

Digital Currencies to Be Considered as Legal Tender: European Central Bank

Digital Currencies to Be Considered as Legal Tender: European Central Bank

Foreign CBDCs are most likely going to be considered legal tender by European Central Bank. Central Bank Digital Currencies (CBDCs) developed by foreign institutions are most likely going to become legal tender in the eurozone, according to officials, via Bloomberg. The likelihood of this outcome was confirmed by European Central Bank board member Fabio Panetta on Tuesday in Helsinki. With the…

Former Citigroup CEO Says Every Large Bank Will Consider Trading Crypto Assets: Report

Former Citigroup CEO Says Every Large Bank Will Consider Trading Crypto Assets: Report

A former chief executive officer at investment giant Citigroup is predicting that all major financial institutions will consider trading crypto assets. Vikram Pandit, who led Citigroup from 2007-2012, says in a Bloomberg interview that in the coming years, he sees large financial players exploring the idea of offering services related to crypto assets. “[In] one to three…

PayPal Showing 13% Revenue Increase, Plans to Expand Crypto Offerings

PayPal Showing 13% Revenue Increase, Plans to Expand Crypto Offerings

PayPal released its Q3 2021 financial results showing an increase in revenue and new active accounts. Additionally, the firm confirmed that it plans to bolster its crypto offerings. PayPal has released its third-quarter financial results, with revenue growing by 13% in Q3 2021. The report, published on Nov 8, notes that total payment volume for the…

NYC Mayor-elect wants to make the city the center of crypto and innovation.

NYC Mayor-elect wants to make the city the center of crypto and innovation.

New York City Mayor-elect Eric Adams plans to make NYC the center of crypto and innovation as he announced plans to teach cryptocurrency and blockchain technology in schools. In an interview with CNN Business Sunday, New York City Mayor-elect Eric Adams talked about making NYC the center for innovation and cryptocurrency. He also explained the reasoning behind…