The Monetary Authority of Singapore (MAS), the city-state’s central bank, is currently working on helping cryptocurrency startups receive banking services, but doesn’t plan on loosening its rules to lure more crypto startups to the country, the bank’s managing director told Bloomberg on October 9, 2018.
Venezuela’s President Nicolas Maduro announced the official launch of the first ever state-backed cryptocurrency, El Petro, RT reported on October 7.
Circle Internet Ltd. has acquired Seedinvest, an equity crowdfunding company according to the announcement on the Circle blog on October 5, 2018.
Yale University has embarked on a program of aggressive alternative investment through its substantial endowment fund. From Puerto Rican government bonds to New Hampshire timber, the university is betting the house on non-typical investments.
Circle Internet Financial Ltd., a cryptocurrency trading platform funded by Goldman Sachs, has added a new feature to its investment app Circle. Dubbed “Collections,” this new feature was officially introduced via an official blog post dated Oct 4, 2018.
The 2017 rise of the initial coin offering (ICO) enabled anyone with an entrepreneurial idea to create a token and invite people to invest in it. However, with cryptocurrency exchanges listing thousands of tokens, choosing where and when to invest often seems like an impossible task.
Hedge fund Tiger Global is reportedly eyeing a $500 million investment into San Francisco-based Coinbase, which could see the company reaching an $8 billion valuation, Recode reported on October 2.
In an October 2 blog post, Ripple Labs announced the integration of RippleNet into Banco Santander’s mobile application for cross-border payments OnePayFX, effectively bringing Ripple‘s services to over 140 million of its customers.