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Fidelity and Nexo are entering institutional lending market

Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors.  The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.

Crypto tumblers, exchanges under microscope as DOJ launches new task force

The Biden administration has introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and other services that can serve as avenues for money laundering. With the motive to enhance enforcement

Third-biggest Bitcoin whale’s holdings total $6B after ‘whopping’ 2.7K BTC buy-in

Bitcoin (BTC) returning to $50,000 overnight inspired one of the largest wallets to buy the equivalent of $137 million more. Blockchain data from on-chain monitoring resource BitInfoCharts highlights how one entity “bought the dip” like no other. Someone “buys the dip” to the tune of $137 million After buying frequently since BTC/USD hit $69,000 all-time highs

Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

On Monday, December 6, Japan’s Financial Services Agency (FSA) announced that it will propose legislation in 2022 that seeks to limit the issuance of stablecoin to banks and wire transfer companies. The major financial market regulator stated that limiting the stablecoin issuances will assist in reducing down risks, as banks have the responsibility of protecting

Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021

As 2022 draws closer, some cryptocurrency investment experts are now doubtful on whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to

Ethereum Competitor Skyrockets Over 11,956% This Year, Enters Top 10 Crypto Assets by Market Cap

An Ethereum (ETH) rival is making a big splash after printing massive gains this year and cracking the list of the ten largest crypto assets by market cap. Terra (LUNA) is a network of several fiat-pegged stablecoins used for e-commerce payments and decentralized finance (DeFi) services. The network’s reserve currency LUNA underpins the price of the

More Money has Flowed into Ethereum than Bitcoin in 2021

After experiencing an oscillation over the weekend, both Bitcoin (BTC) and Ethereum (ETH) are back to winning ways. BTC was up by 6.13% and Ethereum by 9.21% in the last 24 hours to hit $51,263 and $4,416, respectively, according to CoinMarketCap. Nevertheless, Ethereum has emerged as the victor because more money has trickled into its