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- According to the Wall Street Journal, large Australian fintech company Zip Co., which “buy now, pay later,” plans to expand into crypto and stock trading, citing co-founder Peter Gray. Zip can offer the services through its existing app to be more engaging with the younger consumers who make up the majority of their customer base. They would likely expand the services to their US QuadPay unit, which added 674,000 customers for a total of 3.8 million customers in the third quarter. No schedule was given, and it is unclear whether stocks or crypto trading would start first.
- Digital banking and payments group Novatti has started leveraging RippleNet’s On-Demand Liquidity Service (ODL), provided by Ripple, the blockchain company behind the XRP coin, which uses XRP for cross-border payments. Novatti is expected to process several thousand transactions per month via RippleNet and plans to quickly expand the service to more fintech clients and other countries in Southeast Asia, the announcement said. The partnership between the companies was first announced last December and will initially focus on transfers between Australia and the Philippines via the largest non-bank Filipino remittance service provider iRemit.
- A British billionaire has put his huge piece of land overlooking Hyde Park in the exclusive area of Knightsbridge in central London up for sale and has said he will accept payment in Bitcoin (BTC) or Ethereum (ETH). According to the Daily Mail, “a source knowledgeable” confirmed that real estate tycoon Nick Candy sold the two-story apartment, which houses a private movie theater and library, for a cool $ 241.8 million. A Candy spokesman also confirmed the news to Bloomberg. The property also has a 21 meter pool that extends over a whopping 1,672 square meters.
- Chicago-based asset manager Rothschild Investment Corporation recently purchased 265,302 shares in the Grayscale Ethereum Trust, its first investment in the vehicle. According to the filing with the US Securities and Exchange Commission, they have increased their position in the Grayscale Bitcoin Trust to 38,346 shares. As of March 31, the shares of the ETH trust were valued at $ 4.75 million and the shares of the BTC trust were valued at $ 1.92 million.
Celebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase valued at $ 110 million per day after the Nasdaq debut of the crypto exchange, Reuters reported, citing the company’s daily trading summary on Thursday.
In an interview with Bloomberg TV, Kazushige Kamiyama, a senior official with the Bank of Japan, “downplayed the threat posed by China’s digital currency to the established order as it is unlikely to be the dominant player in global financial settlements, even if China is the.” Takes the lead. “
- Digital asset-focused financial services company Galaxy Digital has appointed Michael Daffey as Senior Advisor and Chairman of the Board of Directors effective September 1. Daffey is a former partner, chairman of the Global Markets Division, and a member of the Management Committee at Goldman Sachs among other notable positions. The press release said he looks forward to working closely with CEO Mike Novogratz and the team “as they build on their pioneering advantages.” The news precedes a planned US stock offering later this year.
- The Celo Foundation, the governing body of the blockchain-based payment company Celo, has appointed former head of Citigroup and CEO of Time Warner Richard Parsons as a board member. The group claims to have 130 global affiliates, and in a blog post the Foundation cited Parsons – who also served as interim CEO of the NBA franchise Los Angeles Clippers and briefly chairman of CBS – as Celo “has shown how cryptocurrency can be an offsetting.” Be a factor in the distribution of wealth and put financial access in the hands of those who need it most. “
- Less than 24 hours after Wallstreetbets’ subreddit moderators announced they would allow crypto discussions (and only via BTC, ETH and Dogecoin (DOGE)), they reinstated the ban “indefinitely”. They cited the Bloomberg article titled “WallStreetBets Bows To Crypto, Enables Bitcoin Discussion” as the reason for this. “I’ve read a lot of stupid articles written about wsb. This one takes the cake,” said the announcement.
- Police and financial regulators in South Korea have promised to tackle crypto crime, Fn News reported. Authorities say they intend to launch a “full-blown” attack on crypto fraud cases and group meetings – called “investor briefing sessions” – held by alleged crypto projects. These meetings are often organized by tiered marketing scammers posing as real crypto operators. In addition to causing financial damage to dozens of investors, the government claims that many of the groups may violate coronavirus-related social distancing measures that prohibit groups of more than five people from meeting indoors.