One of the oldest banks in US Wells Fargo, files for Bitcoin fund
Through a new fund established in collaboration with NYDIG and FS Investments, Wells Fargo is providing its rich clients with indirect exposure to Bitcoin. Wells Fargo , one of the country’s oldest banks, has launched a new pooled investment fund to provide its rich clients with indirect exposure to Bitcoin (BTC). Fargo’s filing with the […]
Binance users to be subjected to immediate KYC verification amid ongoing scrutiny
Binance has been the target of regulatory scrutiny from countries all around the world, allegedly conducting unlicensed companies. The crypto exchange has publicly announced new know your customer (KYC) criteria for all users on the site as a response to the continuing scrutiny. “Effective immediately, all new users are required to complete Intermediate Verification to […]
Survey shows American investors are more inclined to buying crypto with credit card
Out of 1,000 American respondents, 21 percent intend to incur consumer debt to purchase crypto, while more than 20 percent intend to use bank funds or refinance their homes. As the crypto ecosystem matures and becomes more mainstream, a recent study of millennials reveals a shift in investor sentiment and spending behaviour. According to GamblersPick’s […]
VanEck and ProShares joins the race for ETH futures ETFs
Including the most recent two applications by VanEck and ProShares, the total number of ETH futures ETF applications filed this year now stands at 23. Since the beginning of the year, a total of 23 cryptocurrency exchange-traded funds (ETFs) have been filed, bringing the total number of crypto ETF filings in 2020 to 23. Two […]
Coinbase discloses plans to add $500M worth of crypto to its digital assets
While unveiling intentions to add half a billion dollars worth of crypto to its balance sheet, Coinbase CEO Brian Armstrong anticipates the percentage of income spent on cryptos to climb over time. In an August 20 tweet, Coinbase CEO Brian Armstrong revealed that the business’s board of directors had approved the crypto spending spree, adding […]