Everyone’s talking crypto for solving sub-Saharan Africa’s payments problems

As global interest in stablecoins explodes, a number of key players are pushing especially hard for more adoption in Sub-Saharan Africa. On Thursday, the Center for Strategic and International Studies’ Africa Program published new analysis advocating more options for crypto users in sub-Saharan Africa. CSIS is a well-known Washington, DC-based think tank. The authors of the analysis, Judd Devermont and Topaz Mukulu, are extremely optimistic about the future role of crypto, specifically predicting that “Digital currencies almost certainly will become more common in general and in sub-Saharan Africa in particular.”…

S&P Dow Jones launching crypto indexes in 2021

The company behind the S&P 500, S&P Dow Jones Indices, will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Dec. 3, S&P Dow Jones Indices (S&P DJI), a subsidiary of market giant S&P Global, described Bitcoin and altcoins as an “emerging asset class.” Bitcoin and altcoins hit Wall St. finance The firm will partner with Lukka, a U.S. blockchain data provider, to launch the indexes, which will cover a reported 550 cryptocurrencies. “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the…

Institutional investors won’t save crypto, but they will help it grow

The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool. Since August, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments raised record amounts of money in both the first and second quarters of this year ($1.4 billion in total). But should we celebrate institutional investors as the “saviors” of crypto? Or, on the contrary, are they the…

Retail Investors Are Fueling The Greatest Arbitrage Opportunity in Crypto

Key Takeaways The premiums for Grayscale shares are running high, indicating strong retail demand. The leading incentive for institutional funds in Grayscale’s Bitcoin Trust GBTC is arbitrage trading. Despite the selling pressure from arbitrageurs, the consistent rise in AUM and premium indicates strong growth. Share this article Grayscale LLC Inc. is the largest cryptocurrency asset manager globally, boasting $12 billion in assets under management (AUM). Bitcoin-backed GBTC is its leading product with $9 billion in AUM.  There is a high premium on these shares, however. The average premium for GBTC…

Major anime platform incorporates crypto and NFTs for ebook sales

MyAnimeList, an active online community for anime and manga with an estimated 10 million North American users, is incorporating cryptocurrency payments into its ebook platform. In a Dec. 2 press release, blockchain platform Digital Entertainment Asset announced a partnership with MyAnimeList parent company Media Do, which will see the former’s DEAPcoins circulated on the MyAnimeList platform. The deal will also see Japanese intellectual property from Media Do’s network used for blockchain-enabled games on DEA’s PlayMining platform. This rewards users with DEAPcoins simply for playing games or reading manga comics through…

PayPal CEO calls on crypto industry to work hand in hand with regulators

There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Dec. 2, Schulman joined the Web Summit online conference to discuss the cashless era of the global financial industry with Squawk Box host Andrew Ross Sorkin. As part of the discussion, Schulman addressed issues related to cryptocurrency regulation, calling on the industry to closely collaborate with financial authorities to bring more utility to crypto. “There is only one way to approach this, and that is working…

Ten crypto leaders are in the new Forbes 30 Under 30 list

Ten of the youthful business leaders featured in this year’s Forbes’ 30 Under 30 list work in blockchain and cryptocurrency, highlighting increasing acceptance of the industry from the mainstream media. Despite its name, the list actually highlights 600 young people across various categories — with the crypto alumni including seven individuals in the finance category, one in venture capital, one in energy, and one in manufacturing. The finance category features the founder of the $1.2 billion crypto derivatives exchange FTX, and quantitative trading firm Alameda Research, Sam Bankman-Fried. Since launching…

TradingView general manager explains how the current crypto bull market is unlike 2017

The cryptocurrency space has undergone a number of bull and bear markets since its inception in 2009. The crypto bull run in 2017 was one of the biggest years for the industry, hosting soaring digital asset prices and growth. Blockchain markets look much different today than they did three years ago, however, based on regulation, adoption, and other factors. How will crypto’s current macro uptrend differ from 2017? Asset dispersion is a key differentiator, according to Pierce Crosby, general manager of asset charting platform TradingView.  “The key here is to be looking…

CFTC set a new record for lawsuits in crypto this year

The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement. Per the commission’s annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged in illegal activity in crypto, which is a new record. The review said: “In conjunction with the Division’s Digital Asset Task Force, the Commission brought a record setting seven cases involving digital assets.” These included charges against PanForex for offering leveraged trading to U.S. persons without registering in the U.S., as well as against Digital Platinum…

Christian music chart-toppers join crypto arena with digital fan token

Veteran Christian vocal trio Selah launched its own cryptocurrency fan token via the Rally platform on Dec. 1. Followingthe group’s latest album debuting at number one on the iTunes Christian Music chart, the 3CR8 token will give fans access to exclusive benefits such as private messages, video chats and signed merchandise. Selah, meaning “pause” in Hebrew, is a true giant of the Christian music genre, notching up 4 million albums sold and 10 Gospel Music Association Dove Awards in over two decades of making music. Step Into My Story is…