Celsius Network founder gifts wife 15 million CEL tokens

Celsius Network founder gifts wife 15 million CEL tokens

Home / Uncategorized / Celsius Network founder gifts wife 15 million CEL tokens

Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday

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Source: icryptodesk.com

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DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

Home / Uncategorized / DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies.

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Source: icryptodesk.com

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DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital

A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign of increasing institutional adoption of virtual currencies.

The document, which appeared briefly on the DBS website, announced the new exchange will support Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ethereum Classic, (ETC), and Ripple (XRP), alongside the fiat currencies of Singapore, Japan, Hong Kong, and The United States. The announcement also noted plans to support asset-backed security tokens.

Speaking to Cointelegraph, JST Capital co-founder Todd Morakis, described the move as a likely catalyst for other major banks and financial firms in the Asian region to reveal their strategies for the crypto asset sector within “the next three to six months.”

“You’re going to see other banks come out and start saying what they plan on doing with [crypto] It’s really going mainstream.”

Morakis noted the page specified the exchange will be regulated by the Monetary Authority of Singapore (MAS). While details concerning the type of licensing the exchange is seeking were not included, Morakis said he believed the exchange would comprise the first digital asset exchange “in Southeast Asia that is regulated.”

Morakis emphasized that DBS’ digital exchange will offer a trusted fiat on-and-off-ramp for a wider audience to access the crypto sector, predicting the platform will be seen as “a direct link to DBS wealth management.”

“It’s a ramp now for more of the community to get access to invest in this asset class, and it brings in the banking community […] I think the people who haven’t entered the crypto space are going to feel very comfortable trading on DBS’s exchange”

JST’s co-founder also expects the DBS Digital Exchange will reach beyond Singapore, stating: “For DBS to back it, it’s going to be for their clients who are everywhere.”

Morakis described the past month as being one of the most significant for institutional adoption in the digital asset sector, noting Square’s recent $50 million investment in Bitcoin and PayPal announcing plans to launch cryptocurrency trading services in 2021.

What cryptocurrency will become the main one in a year?
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Source: www.bit-cointalk.com


India Will Soon Have Crypto 'Banking' at 22 Physical Locations

India Will Soon Have Crypto ‘Banking’ at 22 Physical Locations

India’s digital assets space continues to see rapid development, with the latest news from the subcontinent being cryptocurrency financial services offered at physical branches.

According to a blog post from digital finance firm Cashaa on Tuesday, a new joint venture with the United Multi State Credit Cooperative Society will provide users with cryptocurrency services alongside traditional banking at 22 locations in the northern part of the country.

A launch is slated for December of this year, with Cashaa saying the plan is to expand the service to over 100 branches by 2022.

Cashaa, which calls itself a “crypto-friendly neo-bank,” said it was planning a move into India when it raised $5 million from a Dubai investment firm in early September.

The joint venture, called UNICAS, will offer crypto savings accounts; lending with gold, cryptocurrency and property as collateral; and crypto buying and investment.

At launch, UNICAS will list six major cryptocurrencies for purchase with Indian rupees: bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, litecoin (LTC) and XRP. Binance coin (BNB) and Cashaa (CAS) will also be offered.

The credit cooperative society already has regulatory licenses in India, which will bring Cashaa access to the local market, the post said.

“This will allow us to build, scale and offer customized financial and crypto products for the local Indian markets,” said Dinesh Kukreja, managing director of United Multistate Credit Cooperative Society and CEO of UNICAS.

India has been seeing something of a crypto renaissance since the central bank’s ban on banking services for digital assets companies was overturned by the Supreme Court in March.

Hanging over all of this like a dark cloud is the fact that the country’s government still hasn’t produced long-rumored regulations around cryptocurrency, with some reports suggesting a possible crypto trading ban may be in the cards.

Source: www.bit-cointalk.com


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Celsius Network founder gifts wife 15 million CEL tokens


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