Zip potential crypto trading, Rothschild ETH + investment More news

Source: Adobe / niphon

Get your daily summary of crypto-asset and blockchain-related news – investigating the stories that pass under the radar of today’s crypto news.

Adoption News

  • A major Australian fintech, a ‘buy now, pay later’ company Zip Co. is looking to expand into crypto and stock trading, reported the Wall Street Journal, citing co-founder Peter Gray. Zip can offer the services through its existing app as they try to engage more young consumers who make up the majority of their customer base. They would likely deploy the services to their US QuadPay unit, which added 674,000 customers in the third quarter for a total of 3.8 million customers. No timeline has been given and it is not clear whether stock or cryptocurrency trading would be initiated first.
  • Digital Banking and Payments Group Novatti started using RippleNet’s on-demand liquidity service (ODL), provided by Ripple, the blockchain company behind the XRP coin – leveraging XRP for cross-border payments. Live now, Novatti plans to process several thousand transactions per month through RippleNet and plans to rapidly expand the service to more fintech customers and other countries in Southeast Asia, mentionned the announcement. The partnership between companies was the first ad last December, and it’s initially focusing on remittances between Australia and the Philippines through the country’s leading non-bank and Filipino remittance service provider, iremos.
  • A British billionaire has put up for sale his sprawling property, which overlooks Hyde Park in exclusive Knightsbridge, central London, and has said he will accept payment in bitcoin (BTC) or ethereal (ETH). Through the Daily Mail, “a source with knowledge of the subject,” confirmed that real estate mogul Nick Candy had marketed this two-story apartment, which houses a private cinema and a library, for $ 241.8 million USD. A spokesperson for Candy too confirmed the news to Bloomberg. The property also has a 21-meter swimming pool, spanning 1672 m².

Investment news

  • Chicago-based asset manager Rothschild Investment Company recently purchased 265,302 shares of Ethereum trust in grayscale, his first investment in the vehicle. Through the deposit at US Securities and Exchange Commission (SEC), they also strengthened their position in the Bitcoin Trust in Grayscale to 38,346 shares. As of March 31, the shares of the ETH trust were worth $ 4.75 million and those of the BTC trust were worth $ 1.92 million.
    Celebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase worth 110 million USD per day after crypto exchange Nasdaq debut, Reuters reported, citing the company’s daily trading summary on Thursday.


  • In an interview with Bloomberg TV, a senior Bank of Japan official, Kazushige Kamiyama, “downplayed the threat from China digital currency to the established order as it is unlikely to be the dominant player in global financial regulations, even if China is leading the way. “

Career News

  • Financial services company focused on digital assets Digital galaxy appointed Michael Daffey as Senior Advisor and Chairman of the Board, effective September 1. Daffey is a former partner, president of the global markets division and a member of the executive committee of Goldman Sachs, among other notable positions. Through in the press release, he said he looks forward to working closely with CEO Mike Novogratz and the team “as they leverage their early childhood benefits.” The news comes ahead of a US equity offering slated for later this year.
  • the Celo Foundation, the governing body of the blockchain-based payment company Forehead, mentionned he appointed the former head of Citigroup and CEO of Time warner Richard Parsons as a board member. The group claims it has 130 member organizations around the world and, in a blog post, the foundation quoted Parsons – who also served as the interim CEO of the NBA franchise on Los Angeles Clippers and was briefly president of CBS – as claiming that Celo has “demonstrated how cryptocurrency can be an equalizer in the distribution of wealth and put financial access into the hands of those who need it most.”
  • Less than 24 hours after moderators in the Wallstreetbets subdirectory have ad that they would allow crypto chat (and only on BTC, ETH and dogecoin (DOGE)), they reinstated the ban “indefinitely”. They cited the Bloomberg item titled “ WallStreetBets Bows To Crypto, Enables Bitcoin Discussion ” as the reason behind this. “I read a lot of stupid articles written on WSB. This one takes the cake,” mentionned the announcement.

Crime News

  • Police and financial regulators in South Korea have vowed to ‘crack down’ on crypto crime, reported News Fn. Authorities say they intend to launch a “full-scale” attack on crypto fraud cases and group meetings – known as “investor briefings” – hosted by conspicuous crypto projects. These meetings are often hosted by tiered marketing scammers who masquerade as real crypto traders. In addition to causing financial damage to many investors, the government says many groups could violate coronavirus– social distancing measures, which prohibit groups of more than five people from meeting in an indoor space.

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