Novi, a Facebook app, poses new challenges for remittances
Last Monday, Facebook unveiled Novi, its long-awaited digital wallet, a blockchain-based platform aimed at disrupting the remittances market. Novi , which is now in beta, will let users transmit money from the United States to Guatemala using the stablecoin digital currency Pax Dollar, which they can store in a digital wallet and change into local […]
Shiba Inu Tokens worth $181 million appear in NASCAR driver’s Coinbase account by mistake
When NASCAR driver Keith McGee woke up on Thursday morning, there was an unexpected gift in store for him: $181 million worth of Shiba Inu coins sitting in the balance of his Coinbase account. A tweet from McGee alleges that the money does not belong to him and that he wishes to have it returned […]
Congressmen seek clarity from SEC chief Gensler, on crypto regulations
Congressmen Warren Davidson, Tom Emmer, Ted Budd, Anthony Gonzalez, and Trey Hollingsworth have written to the US SEC Chair, requesting clarification on crypto regulations. The news follows a Bloomberg piece that discussed the SEC’s “significant jurisdiction” over tokens like Tether. It had suggested, citing sources, that the US Treasury’s next regulatory report will establish the […]
Hong Kong VC firm, CMCC global seeks $300M for new crypto fund
Hong Kong has long been regarded as one of the world’s most important financial centres, and as the world of cryptocurrency has evolved, the country has seen an increase in the number of crypto fans. The firm’s most recent crypto fund was formed just six months ago and has close to $90 million in assets […]
Major Russian bank, Tinkoff Investments explores crypto investment amid strong demand
Despite the Bank of Russia’s prohibition on the bank introducing cryptocurrency investing services, Tinkoff Investments, the online brokerage of big Russian private bank Tinkoff, is looking into it. Dmitry Panchenko, the head of Tinkoff Investments , stated that the bank’s brokerage portal is contemplating cryptocurrency investment opportunities, but that it is too early to discuss […]