Tax evasion using cryptocurrencies has increased the world over. Crypto asset spruikers tend to give false info about the income and capital gains tax liabilities so that they can cash in on buyer mania. Several countries are now looking for ways of reducing this vice that has cost the economy […]

Zeta, a banking technology startup, announced yesterday that the company has raised $250 million from SoftBank Vision Fund 2. The latest funding is one of the largest single investments in a banking technology company. According to an official announcement, Zeta received a valuation of $1.45 billion after the latest Series […]

Yet another positive for the decentralized finance market as Unispace becomes the newest addition to the fray. The platform which has already attracted noteworthy investors from around the world is threatening to pull in massive figures from the upcoming sale of its native token, USPC. USPC has been scheduled to […]

Wells Fargo & Company (NYSE: WFC) has onboarded Ulrike Guigui to Head of Payments Strategy, effective from 1st June 2021. According to a press release shared with Finance Magnates, Ulrike Guigui, an executive financial veteran, has been named by Wells Fargo, a financial services company with approximately $1.9 trillion in […]

European crypto exchange, Currency.com announced on Tuesday the appointment of Steve Gregory as the Chief Executive of its United States subsidiary, Currency Com US LLC.  He has already assumed the leadership role earlier this month and will be responsible for developing and managing Currency.com’s growth strategy in the United States […]

The central bank of the Netherlands, DNB, has reversed its recent decision to tighten up the rules around withdrawals from cryptocurrency exchanges, over concerns the measures would have amounted to an unnecessary invasion of customer privacy. Back in January, the central bank published new rules for digital currency exchanges which […]

The University of Pennsylvania’s Wharton School of Business is consistently seen as one of the best business programs in the U.S., and is the oldest collegiate school of business on the globe. In a new ‘Blockchain and Digital Asset Project’ report, titled “DeFi Beyond the Hype”, Wharton School contributors detail […]

American billionaire hedge fund manager Ray Dalio recognized on Monday that he holds Bitcoin and praised the cryptocurrency’s role as a better inflation hedge asset than bonds, implying a turnaround on his skeptic stance on the industry. During CoinDesk’s annual Consensus conference, the investor talked about the virtual currency amid […]

Banks have had more controversies than you have had hot dinners. Take Danske Bank, with the third CEO being fired in a few short years. This follows his investigation of failing to live up to Anti Money Laundering (AML) laws when working with his previous bank, ABN Amro. In 2014 […]

HSBC, one of the largest investment banks worldwide, is not planning to promote Bitcoin within its wealth management business. According to the latest report published by Reuters, HSBC has no plans to launch a Bitcoin trading desk. “Given the volatility, we are not into Bitcoin as an asset class, if […]