Other Cryptocurrencies

A Bank of England (BofE) paper has highlighted that stablecoins used as money should be expected to face the same regulatory standards as those attached to bank deposits.

InsurTech companies continued their winning streak last week among the 37 FinTechs that raised big rounds.

Standard Chartered is planning to establish a UK-based cryptocurrency brokerage and exchange for clients in the UK and Europe.

The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.

US cryptocurrency company Circle has raked in $440m from a funding round.

Ledn, a lending platform for digital assets, has followed up its recent funding round with the close of its Series A on $30m.

Indonesia-based crypto-assets exchange company Pintu banked $6m to support its mission to drive industry adoption.

Blockchain development platform Reach banked $12m in funding to expand its offerings and launch a commercial version of the toolkit.

Solidus Labs, which makes market surveillance tools to flag manipulation across cryptocurrency trading platforms, has raised $20m.

While the value of cryptocurrencies continued to grow astronomically, it came crashing down to earth after Tesla’s sudden u-turn from using bitcoin as payment. However, experts think this will hardly undermine its potential as mainstream investments and payment means.