Fiatum Channel

2021-10-22 12:45:23 CARDANO PURCHASED ACTIAM

Cardano Group, that owns blockchain platform, has confirmed acquiring a Dutch asset management firm, ACTIAM, from Athora Netherlands N.V. Deal details are left undisclosed. Cardano believe this purchase will help them to enhance sustainability and positively impact investment offering, which they expect will eventually increase its assets.

According to an agreement signed for 10 years, Cardano will have this strategic partnership with Athora Netherlands in order to manage approximately £13bn of assets, and Athora Netherlands will serve as a partner with differentiated products.

«ACTIAM’s approach is completely aligned with our own in this regard and we are delighted to welcome the ACTIAM team to the Cardano Group. As we start to work with our new colleagues, we look forward to introducing our pension fund and investment clients in the Netherlands and the UK to our broadened advisory and asset management proposition with ESG at its heart.»-said Cardano group CEO, Michael de Lathauwe Open / Comment

2021-10-22 11:49:34 COUNTRIES WITH CRYPTO ATM

With the launch of the crypto currency, digital market started flourishing so fast that new ways of carrying, buying and selling digital assets are in high demand. Crypto ATM was a necessity that is now available for many crypto traders across the globe.
You don’t have to wait for days before you get your assets, like normally with crypto exchanges, ATM will let your sort it out in a minute. It provides you with privacy and it is secure. Most of the ATMs offer a 24/7 customer support. There is only one problem- ATM cannot be found everywhere.
The list of the countries with crypto ATMs is topped by United States-it has crypto ATMs in 25971 locations. Canada(2014) comes second.
El Salvador(205), Spain(179), and Austria(140) are the top 5 spot. The remaining countries making up the top 10 are Hong Kong(134), Switzerland(133), Poland(122), United Kingdom(103), and Romania(96). Other worthy mentions include Italy(70), Czech Republic(69). Greece(66), and Russia(58).More and more countries Open / Comment

2021-10-21 14:06:25 Pimco Is Another Financial Institution To Embrace Crypto

Company has announced plans to gradually invest more in crypto currency -was confirmed by the chief investment officer Daniel Ivascyn.“Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side,” Ivascyn said in an interview with CNBC. “So this will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing.”-he summed up.
His comments came right after bitcoin hit $66,000 on Wednesday and successful launch of the first U.S. bitcoin futures exchange-traded fund.
“We’re trading from a relative value perspective. So we’re not taking directional exposure, but we’re looking to take advantage of mispricings between the cash product, popular trust that trades on the exchange, and then the futures,” Ivascyn said. “So that was a starti Open / Comment

2021-10-21 13:59:34 NEW TAX LETTERS FOR CRYPTO INVESTORS IN UK

HMRC is looking to start sending crypto traders warning letters in order to confirm they have paid the right crypto tax. Crypto UK, a trade association, has confirmed this new routine will most likely come into play next year, as it has to be approved first.
HMRC told CryptoUK it took an “educational approach” in issuing the letters. It added its aim was to highlight the payments “people may not be aware of when considering if they have to pay any tax”. “If you receive a nudge letter it does not necessarily mean you have made an error on your tax return, but you need to ensure that you respond correctly to HMRC,” the representative said.

This innovation is believed to encourage crypto investors to make sure to pay the correct amount of capital gains tax (CGT) and other income tax, for example, on their crypto holdings. “It is likely that HMRC believes large amounts of CGT and income tax generated from cryptocurrency investments have been undeclared for tax purpos Open / Comment

2021-10-21 13:47:55 The Second U.S. Bitcoin ETF Is Set to Start Trading Friday

Since the first launch of the first ever bitcoin-backed ETF futures had extraordinary success in the market and brought astonishing $1 billion in funds, the second is expected to be not less successful.
The Valkyrie Bitcoin Strategy fund will occur on Friday on the Nasdaq exchange, which was confirmed by a spokesperson of the company. Initially the company planned to trade under the ticker BTFD, but last minute decided to change back to the original ticker BTF.
The whole event is surrounded with much enthusiasm, as U.S. Bitcoin ETF launch is fuelled with the fact, that the world’s most wanted crypto- Bitcoin has reached $67,000 in price on Wednesday and according to experienced people in the market, the price will only rise. Analysts expect it to mark $100,000 in price next year. Open / Comment

2021-10-21 11:59:21 Bitcoin Price Rise Predictions

Bitcoin has marked new high-$66,000 and it was the highest it ever reached, since April, when price was $65,000. Everyone is expecting Bitcoin to rise and market analysts are setting new price targets and few other predictions for the crypto.

“Bitcoin breaking its all-time high was a long time coming and had been in the making ever since the asset shed 50% of its value in May,” Ben Caselin, head of research and strategy for crypto exchange AAX, shared with CoinDesk.
Despite bitcoin shedding $2,400 in the most recent trading session, he believes the price will mark $100,000 sooner or later, and this expectation is shared by the growing number of other analysts. The latest fuel for the price elevation was the U.S. regulators’ first approval of an exchange-traded fund (ETFs) linked to bitcoin futures contracts. It gained $1 billion in trading volume, which makes it one of the most successful ETF launches of all time. Open / Comment

2021-10-21 11:32:37 Ethereum Might Be Next In Launching ETF

This week was marked with the launch of the first ever bitcoin-backed ETF futures, and it was very successful, bringing in $1 billion in trading volume.
Since then, the market if facing another wave of speculation of what comes next-ethereum, a spot-based bitcoin or something different?

Analysts are now predicting, the Ethereum should be the next crypto to launch an exchange-traded fund, backed by it. Ethereum is traded on the regulated by SEC (Securities and Exchange Comission) the Chicago Mercantile Exchange, same as bitcoin. Also, it was confirmed that two major ETF providers have previously asked regulators to approve ethereum-backed ETF’s with the SEC, but later had to withdraw their applications. But it is likely they will make another attempt.

“Going to start the campaign now for the SEC to approve an Ethereum ETF. Might as well get ahead of the crowd, because it's coming eventually,” the popular crypto trader Scott Melker, also known as The Wolf Of All Stree Open / Comment

2021-10-20 14:33:00 TRADERS ARE LOOKING FOR WAYS TO GET AROUND CRYPTO BAN

Campaign against crypto led to the rise of DeFi. It was since September 2017, after first China ban on crypto, that users gradually moved to DeFi platforms or started thinking about other ways to continue digital trading.
“Most trading will stop because of the ban,” said Deng Jianpeng, director of the Finance, Science and Technology Research Centre at the Beijing-based Central University of Finance and Economics. “But there will always be some people who will try to find new investment routes, like using an overseas platform or through decentralised exchanges.”
Many famous figures in economy, finance and crypto trading field have shared their thoughts on DeFi. Henri Arslanian, PwC crypto leader, said that even if using DeFi “may be banned in China, it is very difficult to monitor in practice” because DeFi protocols have different KYC thus give anonymity to users. Miha Grčar, head of global business development at an exchange Kraken, said DeFi is a “bit Open / Comment

2021-10-20 14:25:12 FACEBOOK’S NOVI LAUNCH GETS ATTENTION FROM SENATORS

Facebook announced a U.S. launch of its digital currency wallet Novi, awaited by many. Instead of its own crypto- Diem, they have used another- the Paxos Dollar stablecoin since Diem failed to get approval from regulators.
David Marcus, head of Facebook’s Novi wallet, announced that from now on users are free to download the app on iPhones or Android and register with a government-issued ID.

Novi was originally designed to hold Facebook’s crypto-Diem, but neglection by authorities shows how controlled the sector is since regulators see many risks and have concerns over customer’s safety.

Marcus commented- “We intend to migrate the wallet to the Diem payment network once it receives regulatory approval.” He added that Facebook is expecting Novi to be able to work with other digital wallets in the future.
A group of Democratic senators reacted to the Novi launch: “Facebook cannot be trusted to manage a payment system or digital currency when its existing Open / Comment

2021-10-20 12:54:07 MASTERCARD BUYS CIPHERTRACE

Mastercard are reportedly new owners of the cryptocurrency intelligence company CipherTrace.
They made their first announcement on the possible buy of CipherTrace last month. California-based company is known for providing digital asset security and anti-fraud services for several world’s largest banks, exchanges and other financial institutions.
The acquisition of the company is going to bring many useful financial service utilities to the existing ones.Mastercard believe it will help them to combine artificial intelligence with cyber and blockchain capabilities, to provide customers with greater transparency and making their network even more secure. Company plans to create new platforms to test and support central bank digital currencies and programs to support the broader use of blockchain technology.
“Today marks a significant milestone for Mastercard as we further enhance our strategic capabilities, technologies and teams to support the evolution of digital assets,” said Aj Open / Comment