Robinhood will be partnering with crypto tracing firm Chainalysis to get data and tools for trading in advance of the app launching its crypto wallet. The trading app will adopt Chainalysis’ monitoring compliance solution Know Your Transaction and the Chainalysis Reactor, its investigations software, to meet compliance requirements. On Monday, Chainalysis announced the integrated partnership…
A significant share of institutional investors is expecting a major correction in the crypto market in 2022, a survey published by Natixis Investment Managers said. Despite this, institutional investors are increasingly warming up to crypto-assets. Natixis Investment Managers published the results of a global institutional investor survey. The company polled 500 institutional investors who collectively…
The International Monetary Fund (IMF) called for a “comprehensive, consistent, and coordinated” approach to harness the benefits of crypto’s underlying technology while mitigating its risks. The fund plans to work closely with the Financial Stability Board (FSB) and other members of the international regulatory community to develop an effective regulatory approach to crypto-assets. In a…
Japan’s SoftBank is investing 10% of the company’s $5 billion funds in crypto-related assets, a strategy that the bank’s managing director supports even if some tokens are overvalued. According to the managing director of SoftBank’s Latin America Fund, Paulo Passoni, the most attractive place to invest in Latin America is cryptocurrencies, Bloomberg reported. “Of course,…
Breaking crypto news from the last week (Dec. 4 – 10, 2021): Dec. 4: Bitcoin plunged along with other cryptocurrencies on Saturday night, another indication of the risk aversion sweeping across financial markets. The biggest cryptocurrency was down about 18%, the largest one-day loss since September, while the crypto market has lost about $550 billion…
Crowdfunding platform Kickstarter has announced the development of a “decentralized protocol,” which, in technical speak, means the company is moving its operations to blockchain technology. The crowdfunding site will make use of the Celo blockchain for this purpose. In a blog post by CEO Aziz Hasan and co-founder Perry Chen on Thursday, the crowdfunding platform…