Crypto

Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

Family offices—the investment firms overseeing the wealth of the richest families in the world—are eyeing the crypto market, according to a survey by investment banking giant Goldman Sachs.  The firm—which recently has been making its own big moves in crypto–surveyed its family office clients and found that 15% of them have already invested in crypto, …

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Market data in the crypto market is going to continue to be free

Market data in the crypto market is going to continue to be free

Market data is the lifeblood of Wall Street.  Any market structure wonk can tell you that the topic of market data is an issue which frequently divides financial services firms (despite how boring that conversation can be). On one side, there are brokers who want to pay less for access to proprietary exchange data. On …

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Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets, the crypto-focused arm of the asset manager Fidelity, plans on hiring as many as 100 employees to bolster cryptocurrency projects in response to institutional demand in crypto, reports Bloomberg.  Fidelity Digital Assets president Tom Jessop told Bloomberg that the firm intends on hiring employees in its Dublin, Boston and Salt Lake City …

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Neobank Monese is the latest fintech firm to explore crypto products

Neobank Monese is the latest fintech firm to explore crypto products

London-based neobank Monese is exploring offering new crypto products through its mobile money app, according to two people familiar with the matter. The sources said that Monese has held talks with crypto exchanges over potential partnerships to help launch the new tools. But the exact timeframe for such a move is unclear, and a spokesperson …

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Former DOJ crypto advisor joins FinCEN in newly created crypto position

Former DOJ crypto advisor joins FinCEN in newly created crypto position

The Financial Crimes Enforcement Network (FinCEN) has created an advisory position for digital currency policy. The agency has installed Michele Korver as chief digital currency advisor to the director of FinCEN, according to a statement today. Korver has served as a crypto advisor to a number of government arms, serving as digital currency counsel for …

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Crypto exchange Bithumb bans employees from trading on its platform

Crypto exchange Bithumb bans employees from trading on its platform

South Korean cryptocurrency exchange Bithumb has banned its employees from trading on its own platform. Announcing the news on Friday, Bithumb said the move is to enhance transparency over crypto transactions, but an upcoming law in Korea mandates local crypto exchanges must prohibit employees from trading on their own platforms. The law becomes effective September …

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SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region. The fundraise values Mercado Bitcoin’s parent company 2TM Group at $2.1 billion, placing it among Latin America’s unicorns – privately held startups with valuations north of $1 billion. The Series …

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TP ICAP to launch crypto trading platform with Fidelity and others

TP ICAP to launch crypto trading platform with Fidelity and others

TP ICAP, the world’s biggest interdealer broker, is set to launch a crypto trading platform for institutional investors. The platform is being developed with crypto custody providers Fidelity Digital Assets and Standard Chartered’s Zodia Custody, alongside liquidity provider Flow Traders. The idea is to provide clients a separate but interoperable model for execution and settlement. …

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