eToro supports universal basic income ideas, Axoni raises additional $36M, Binance welcomes institutional investors when Bloomberg proves their interest in investing in crypto is low, hopes as for BTC ETFs, ConsenSys, Japan’s Shinsei Bank, Nippon Wealth, and Tribay Capital become partners, Alprockz and Geneva Swiss Bank collaborate to create a stablecoin
- eToro makes $1 million investment for blockchain experiment. The experiment called ‘GoodDollar Experiment’ is a non-profit. It is a series of tests to diminish wealth inequality through blockchain technology. Tokens will be distributed to verified applicants for free. The goal is to generate an open and global universal basic income (UBI).
- Axoni raised an additional capital of $36 million in their Series B funding round. The overall funds raised is $59 million. HSBC participated in the latest funding round. Axoni will use the Series B funds for the development of its data synchronization technology, widen the network of enterprises using distributed ledgers, and bolster its set of infrastructure products.
- Binance is gearing up to welcome institutional investors. The exchange announced a list of preparation activities and future products specifically for the needs of big investors. The activities include a new division: Binance Research, and some future products include support for up to 200 sub-accounts per client, and zero fees for fund transfers between sub-accounts.
- According to Bloomberg, there is low institutional investor interest in cryptocurrency. The news agency cited Morgan Stanley, Goldman Sachs and Citigroup as examples. The three major banks are prepared to offer cryptocurrency-related services but still has yet to do so because of straggling investor interest.
- According to VanEck’s director of Digital Assets Strategy, Gabor Gurbacs, a BTC ETF holds the possibility to attract billions of new investments. He further implied that the SEC should handle proposals as prospects to regulate the cryptocurrency market. Gurbacs made the commentary in an interview with CNBC Africa’s Crypto Trader.
- A Memorandum of Understanding (MOU) was signed by ConsenSys, Japan’s Shinsei Bank, Nippon Wealth, and Tribay Capital forming a new partnership. The purpose of the new partnership is to study blockchain applications for the fintech industry.
- Alprockz and Geneva Swiss Bank collaborates to establish ROCKZ, a stablecoin pegged to the Swiss franc. Since the Swiss Franc is thought to be the most stable of all fiat, ROCKZ is said to be the most transparent and reliable of all stablecoins.