Category: Fiat Money

Huobi Launches OTC Desk for Institutional Investors

Major global crypto exchange Huobi has launched a regulated over-the-counter (OTC) trading desk for institutional investors, according to a blog post on May 15. The new OTC crypto trading platform, Huobi OTC Desk, is fully regulated by the Gibraltar Financial Services Commission (FSC), and enables major fiat-to-crypto and crypto-to-crypto trading pairs. […]

Eight People Allegedly Arrested for Money Laundering Scheme Involving Crypto in Spain

In Spain, eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies, Europol announced in a press release on May 8. Per the release, the group laundered money by exchanging fiat currency to crypto assets. The individuals reportedly used cryptocurrency ATMs and split funds into smaller […]

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two […]

Broker Launches ‘Trading Ideas’ Tool ​—​ Incentivizing Experts to Share Insights on Crypto

A contract-for-difference (CFD) broker says its platform is one of the first to operate in both crypto and fiat currencies — with a simple interface that’s designed to appeal to new and advanced traders alike. SimpleFX says that it already boasts more than 200,000 active traders around the world and […]

Central Banks Should Leave Crypto to Facebook and JPMorgan: PwC Partner

Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22. According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) […]

Cryptocurrency Price Correlations in Bitcoin, Dollar Flipped in 2018, Binance Finds

Price correlations among major cryptocurrencies increased against the U.S. dollar (USD) but fell in Bitcoin (BTC) terms, a new report from cryptocurrency exchange Binance revealed on March 20. Part of an investigation into price trends within crypto markets since 2017, Binance found that behavior among assets is diverging depending on […]

Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail

Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19. As reported, Circle launched its […]