Month: July 2021

Monthly Report: Key US Senators submit new crypto guidelines in a bid to fund infrastructure deal

From crowdfunding to cryptocurrency regulations, here is a recap of the top stories from the last week of July Tether under investigation for possible fraud Bloomberg reported on Monday that Tether was under investigation by the Department of Justice (DOJ) over its actions during the company’s early days in crypto. Citing three persons in the …

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German institutional funds to invest up to 20% in crypto

The new law allowing Spezialfonds to invest in cryptocurrencies comes into effect on 2 August German investors could provide yet another frontier for Bitcoin and altcoin investment from institutional investors, continuing a recent trend that has seen more and more institutions seek opportunities in the sector. According to Bloomberg, a new law allowing German Spezialfonds …

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IMF sees great potential in digital money if risks are managed

A recent Reuters report has also detailed that the International Monetary Fund (IMF) is looking to intensify surveillance on digital currencies Speaking in an exchange with The Bahamas Central Bank Governor John Rolle yesterday, IMF’s Managing Director Kristalina Georgieva opined that Bitcoin doesn’t qualify to be categorised as a currency. She argued that the US …

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State Street to expand its crypto fund administration capabilities

Through its partnership with Lukka, the firm will offer private funds clients services such as crypto processing and reporting Financial services provider State Street announced yesterday that through its partnership with crypto asset solutions provider Lukka, it will offer its private funds clients fund administration capabilities for digital and cryptocurrency assets. State Street Digital’s alternatives …

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Where to buy Alchemy Pay: ACH climbs 163% as crypto payments demand surges

Alchemy Pay aims to bridge the gap between fiat and crypto payments. Here’s where to buy ACH after its 163% daily rally.  The demand for more real-world crypto payment solutions is growing every day: rumours that Amazon would accept Bitcoin payments spread like wildfire earlier this week, but quickly fizzled out after the corporate giant …

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