One of the units of the cryptocurrency merchant bank, billionaire Mike Novograts, Galaxy Digital has received an underwriter's license from the Financial Institutions Regulatory Agency (FINRA). This is reported in the press release of the company. For example, FINRA licensed the broker-dealer division of Galaxy Digital Advisors LLC. Now it can act as a guarantor of the sale of shares, debt or other corporate securities in the United States. Before […]
Finance
Facebook CEO Mark Zuckerberg said that the world's largest social network does not abandon plans to launch a digital currency, Libra, and will spend "as much time as it takes" to win over regulators and other interested parties. Zuckerberg made a corresponding statement this week during a conference call with investors on Facebook, during which he tried to reassure […]
Civic Technologies, a blockchain startup, has announced a partnership with technology company BitGo, which will develop a new wallet for Bitcoin and other digital assets, promising anonymity of users. According to the Civic report, the wallet will be based on the BitGo-developed multi-signature technology and will allow storing and transferring cryptocurrency without disclosing user credentials. Built on top of @ BitGo's […]
The largest social network Facebook has gained the support of the lobbying firms Sternhell Group, Cypress Group, OB-C Group, as well as law firms BakerHostetler and Davis Polk, which specialize in the field of finance, to help launch and eliminate regulatory issues around the cryptocurrency project Libra. This is reported by Politico. Efforts of lobbyists will be directed to the legislators of the state of Washington in order to achieve a better understanding of the technology […]
After the sudden transfer of lunch by TRON founder Justin San and legendary investor Warren Buffet, in the 21st Century Business Herald, China, there was news that an entrepreneur was under investigation and could not leave the territory of China, and the version about kidney stones was only a cover. San denied some rumors in a subsequent publication on Weibo, but then […]
The Committee on Digital Technology, Culture, Media and Sports of the House of Commons of Great Britain fears the consequences of the launch of the Libra digital currency, which, according to its representatives, could make Facebook too powerful, reports Financial News. Committee chairman Damian Collins, who once led an investigation into the scandal with Cambridge Analytica, questioned Facebook’s ability to secure financial data […]
The operator of the mobile application for trading stocks and cryptocurrency Robinhood company Robinhood Markets Inc. announced the closure of a round of financing for the E Series, which resulted in an impressive $ 323 million. The company's capitalization then rose to $ 7.6 billion. This funding will go towards our mission — democratizing […]
The bill on digital financial assets may be adopted by October 1 – by this time a unified position should be developed with respect to the regulation of cryptocurrencies. This was announced to Parliamentary Gazette by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov. “The Digital Rights Act – it is the basis to enact industry laws. Now there is a definition of digital rights, there is legalization […]
The introduction of blockchain technology into banks can be a threat to their security, since more than 70% of smart contracts are vulnerable to hacker attacks. This is reported by "Izvestia", citing a report specializing in cybersecurity company Positive Technologies. According to analysts, vulnerabilities may arise from the relative novelty of technology for programmers, which leads to errors in the system itself. It is noted, […]
Large non-profit organizations called on the founding members of the Libra Association consortium, which in the future should manage the validator nodes in the digital currency network developed by Facebook, leave the project and not be afraid of the social network, despite its market dominance. These organizations include the Open Markets Institute, the Public Citizen, the Demand Progress Education Fund, and the Revolving Door Project. On the heels of Open Markets publicly […]