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Circle delays its DeFi API product, citing need for regulatory guidance

Circle delays its DeFi API product, citing need for regulatory guidance

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Quick Take Stablecoin issuer and crypto payments company Circle has delayed its DeFi API product.  The product had planned to allow companies easier access to DeFi lending protocols such as Compound on the Ethereum network. advertisement Crypto payments infrastructure provider and stablecoin issuer Circle has delayed its DeFi application programming interface (API) product, citing the …

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

Bitpanda hires JPMorgan fintech executive to lead Pro product

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advertisement Bitpanda, the $4.1 billion Austrian fintech firm, has announced the hire of JPMorgan executive Joshua Barraclough to lead Bitpanda Pro – a platform targeting experienced traders and institutional investors. Barraclough most recently served as co-head of digital innovation at the investment bank, responsible for creating new businesses and products. Before that, Barraclough was the …

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Brian Armstrong responds to SEC threats to shut down Coinbase yield product

Brian Armstrong responds to SEC threats to shut down Coinbase yield product

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Crypto exchange Coinbase CEO Brian Armstrong responded Tuesday evening to planned enforcement by the U.S. Securities and Exchange Commission pertaining to the firm’s recently announced yield-generating product. The firm, which went public on the Nasdaq stock exchange in April, received a subpoena by the SEC less than three months after it announced to the market …

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Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

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Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product

Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product

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London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month.  The firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in …

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Bitcoin’s halving breathes life into CME’s options product with new accounts rapidly growing

Bitcoin’s halving breathes life into CME’s options product with new accounts rapidly growing

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Bitcoin’s halving appeared to have fueled a surge in a trading product at one of Wall Street’s most important financial institutions. Trading volumes and open interest in CME Group’s bitcoin options product has surged since the event last Monday, which saw the number of bitcoins produced with each transaction block falling from 12.5 BTC to …

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