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Galaxy Digital Reports Net Income of $44.3M in Q3 2020

16 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Digital asset management firm Galaxy Digital reported a net income of $44.3 million in its Q3 2020 financial results, which was published on Nov. 13. The firm reported a net income of $44.3 million, a far cry from the $68.2 million loss reported the...

Equisafe has tokenized over 30 private assets on Tezos this year and will launch an art portfolio and a Real Estate portfolio on Tezos soon

16 Nov 2020 2 minute read 1 comment Allen Walters

Last week, the guys from Teztalks interviewed the CEO of Equisafe, Bilal El Alamy. Equisafe is an investment managements platform that is specialized in Security Token Offerings (STO). They have been developing on Tezos for quite some time and are k...

Michael Saylor on Bitcoin Integration by Apple

13 Nov 2020 1 minute read 9 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor has a tip for Apple, tweeting on Nov. 11 that if the company were to integrate Bitcoin into its Apple Pay app, it would generate $100 billion in shareholder value. Saylor tweeted in response to a post by Dan Weiskopf...

All US PayPal Users Can Now Buy Crypto

13 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

PayPal has removed the waiting list for its cryptocurrency purchases and increased the buy limit to $20,000 power week for its US users, according to a press release published on Nov. 12. From Nov. 12, all US holders will be able to buy, sell and ho...

One of China’s Largest Bank is Selling $3B Bond on the Blockchain

12 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

China’s second largest bank, the China Construction Bank (CCB), has put $3 billion worth of a debt security for sale on the blockchain, according to a report from the South China Morning Post published on Nov. 11. The CCB partnered with Hong Kong-ba...

Billionaire Stanley Druckenmiller Yet Another Major Investor to Change Tack on Bitcoin

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Billionaire hedge fund investor Stanley Druckenmiller said in an interview on CNBC on Nov. 9 that he made his first Bitcoin purchase, adding to the number of famous investors who have changed their views on the asset. The founder and manager of the...

Vertalo and MountX just tokenized two real estate assets on Tezos: first of 15+ digital real estate projects.

9 Nov 2020 2 minute read 1 comment Allen Walters

MountX tokenized two apartments in Mexico on the Tezos blockchain, using token issuance platform Vertalo. This is the first STO launched in a series of 15+ STO projects. These projects will materialize in 2020 - 2021 and will contain assets in Mexico...

Square With Over $1B in Bitcoin Revenue in Q3 2020

6 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Financial services company Square, in its Q3 2020 earnings report published on Nov. 5, revealed that it had generated over $1 billion in revenue from Bitcoin (BTC) in the third quarter. Square’s CashApp drew in $1.63 billion, which pushed its gross...

Over $300 million in China’s CBDC Has Been Spent

3 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

According to a report from Reuters on November 2, China’s Digital Yuan CBDC has already seen approximately $300 million spent by citizens. Speaking at Hong Kong’s “Fintech Week” conference, Governor of the People’s Bank of China Yi Gang said that mo...

PayPal Earnings Call Outlines Firm’s Crypto Plans

3 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

In a Q3 earnings report call held on November 2, PayPal outlined its plans for cryptocurrency support, offering insight into how it plans to strategize the asset class in 2021. The key highlight from the call was that cryptocurrency services would b...