How the cryptocurrency industry is coming out from under neobanking’s shadow

Whether you know it or not, the worlds of cryptocurrency and digital banking are moving closer and closer together. And at long last, the crypto industry is coming out from under the once-large shadow of neobanking, otherwise known as challenger banks. If you haven’t yet heard of Chime, Current, Monzo, Revolut, Starling or Varo, I…

July ruling now allows all nationally chartered banks in U.S. to provide crypto custody services

July 22, 2020 was a significant day for banks in the United States. On that day, the Office of the Comptroller of the Currency (OCC) noted in a letter that any national bank chartered in the United States can provide custody services for cryptocurrencies – finally clearing the way for banks to hold client’s digital…

Fewer Players, More Power: The Next 5 Years in Crypto Consolidation with Binance, CoinMarketCap and Beyond

As Binance and CoinMarketCap make significant moves aimed at growth, industry experts to see more power held among fewer players in the crypto world over the next five years. Binance, the largest crypto exchange by volume in the world, is already three times larger than its nearest competitor, BitMex. It boasts nearly 22 percent of…

Crypto at critical turning point as global economy flounders under lockdown

In the middle of a global pandemic, crypto markets are at a critical turning point. While it can be difficult to think of opportunities during such a challenging time, admittedly, this may be crypto’s time to shine. While the markets rise and fall, cryptocurrency is a smart part of anyone’s portfolio rebalancing plan right now.…

How crypto-exchanges could be the saviour of a scandal-hit industry

Cryptocurrency exchanges are the linchpin of the digital industry, however, based on recent incidents and scandals, some of them definitely need to clean up their act. Today, exchanges are a key part of the $300 billion USD coin-trading market’s growth, enabling investors to trade and enjoy new opportunities. However, a lack of regulation remains the…

The latest FATF guidelines could be game-changer for the crypto industry

The Financial Action Task Force (FATF), which has the power to shape the global regulatory agenda, issued preliminary guidelines on crypto assets and money laundering that could actually represent a tipping point for the crypto industry. Crypto products and their service providers will be required to register or obtain a license from the relevant authorities.…