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☆ A 'truly diversified' portfolio should include bitcoin and ether, Ric Edelman says
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Investors and advisors can't ignore crypto anymore, according to Ric Edelman, founder of Edelman Financial Engines. "It's the first new invention of an asset class in 170 years — the last new asset class was the discovery of oil in the 1850s," he told CNBC Pro at the Digital Assets Council of Financial Professionals' Vision conference in Austin, Texas. "We need to recognize that in order to have a truly diversified portfolio, we need to have exposure to every asset class," he added. "That means advisors need to rethink their notion of portfolio diversification and acknowledge that crypto — like it or not, understand it or not — belongs in a diversified portfolio on a long-term basis." Edelman said to stick to bitcoin and ether — "the Pepsi and Coke of crypto for most folks" — and that you "don't need a lot of it," recommending a low, single-digit allocation as a percentage of a portfolio.

Persons: Ric Edelman, Edelman, DACFP Organizations: Edelman, CNBC Pro, Digital Assets, Financial Professionals, Pepsi, Coke Locations: Austin , Texas

☆ EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and Fidelity
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A crypto exchange backed by financial giants Charles Schwab , Fidelity Digital Assets and Citadel Securities has officially launched trading in four crypto assets, the company said Tuesday. EDX Markets first announced its launch plans for a "non-custodial" exchange in September, about two months before the collapse of FTX. The EDX exchange allows trading of bitcoin , ether , litecoin and bitcoin cash – none of which were named "crypto asset securities" in the lawsuits the Securities and Exchange Commission brought against Binance and Coinbase two weeks ago. EDX also has plans to launch a clearinghouse business this year to facilitate the settlement process but will still keep customer assets held at third-party banks and a crypto custodian. The company is set to announce Tuesday that it has closed a second funding round with new investors, including the options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR and Hudson River Trading.

Persons: Charles Schwab, Binance, EDX Organizations: Fidelity Digital Assets, Citadel Securities, EDX, Sequoia Capital, Virtu, BlackRock, Securities and Exchange Commission, Miami International Holdings Locations: U.S, Hudson

☆ Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets
▼ + stars: | 2023-06-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. The retailer said in court papers it will run a separate sale process for Buy Buy Baby — considered the crown jewel of its assets — as it moves forward with the auction of its Bed Bath & Beyond chain. The separate sale process gives the retailer more breathing room to nab a bid from a buyer that could be willing to keep Buy Buy Baby stores open, or at least maximize an offer price. Buy Buy Baby assets garnered interest from buyers even before its parent company filed for bankruptcy in April. The auction for Buy Buy Baby's assets is slated to take place on June 28.

Persons: —, Overstock.com Organizations: nab, CNBC, Bed Locations: Brooklyn, New York

☆ Roger Bayston on using blockchain technology to find investment opportunities
▼ + stars: | 2023-06-19 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoger Bayston on using blockchain technology to find investment opportunitiesCNBC's Tanaya Macheel sits down with Franklin Templeton Head of Digital Assets Roger Bayston at the VISION 2023 conference taking place this week in Austin, Texas. VISION is the longest-running cryptocurrency investment conference for financial professionals and investors in the industry. Bayston discusses investment opportunities using blockchain technology and finding new applications for Bitcoin and Ethereum.

Persons: Roger Bayston, CNBC's, Macheel, Franklin Templeton, Digital Assets Roger Bayston, Bayston Organizations: Franklin Templeton Head, Digital Assets Locations: Austin , Texas

☆ Blockchains are ‘basic utilities’ for the digital economy, says Franklin Templeton crypto head
▼ + stars: | 2023-06-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Think of investing in crypto as investing in technology for the data economy. Crypto is unchartered territory for most, but the 76-year-old asset manager has dived deep into research in recent years believing digital assets will transform asset management, capital markets and the increasingly digital, data-driven world at large. "You don't expect it to end just at just Bitcoin and Ethereum , and we expect over the next several years, several things that continue to unfold and find application," Roger Bayston, Franklin Templeton's head of digital assets, told CNBC Pro at the Digital Assets Council of Financial Professionals' VISION conference in Austin, Texas. Since 2019, the firm has operated node validators on various blockchains – including Ethereum, Solana , Cardano and Polkadot . Bayston said investors who have the stomach for high volatility and uncertainty could be rewarded in the future.

Persons: Franklin Templeton, Crypto, Roger Bayston, Franklin Templeton's, Bayston, It's Organizations: CNBC Pro, Digital Assets, Financial Professionals, Government Money Market Locations: Austin , Texas, Ethereum, Solana, Cardano, U.S

☆ 'World's first radio station with an AI DJ': Oregon's Live 95.5 uses a cloned human voice to host segments
▼ + stars: | 2023-06-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

On Tuesday, a Portland, Oregon radio station announced that an AI DJ would become a part-time host of the broadcast. Listeners to Live 95.5, a radio station in Portland, Oregon, can now tune in to hear a part-time AI DJ hosting for five hours every day. On Tuesday, KBFF, Live 95.5 introduced its audience to "AI Ashley," a cloned version of the station's midday host named Ashley Elzinga. Although the station asserts it's the "world's first radio station with an AI DJ," it's unclear whether this has been attempted before. According to TechCrunch, the station has already planned out ways Elzinga and AI Ashley can both contribute to Live 95.5.

Persons: Ashley, Media's, Ashley Elzinga, Taylor Swift, isn't, Phil Becker, Becker, Jackson Organizations: Morning, TechCrunch, Alpha Media, Portland's, Media, Apple Locations: Portland , Oregon

☆ Blockchain technology could play a 'pivotal' role in the A.I. revolution, says Global X ETFs' Helfstein
▼ + stars: | 2023-06-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

There's an automation revolution taking place and blockchain technology could play a pivotal role in it, according to Scott Helfstein. "As we think about … this broader transition towards automation and digitalization, blockchain can really play an important role in securing information and facilitating data management," he said. Helfstein broke AI into various levels, from infrastructure providers like semiconductor companies and graphic chip makers to algorithm providers like OpenAI and its ChatGPT. Across all of it though is blockchain technology and a way to secure information fed into AI algorithms. Crypto is "interesting," he said, but corporate investment is pouring into automation and blockchain will play a "critical" role in its development.

Persons: Scott Helfstein, blockchain, Ethereum Organizations: CNBC Pro, Digital Assets, Financial Professionals Locations: Austin , Texas, U.S

☆ Bitcoin gets a sliver of optimism to cap an otherwise dismal week for crypto
▼ + stars: | 2023-06-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. A moment of relief Bitcoin climbed about 4% Friday, but the rest of the week wasn't as sunny. Price action was tepid to start the week and on Wednesday bitcoin briefly fell to a March low. … It's a doubting Thomas market for the next buyer of bitcoin right now. Miner profitability Bitcoin's recent declines may not be entirely on macro and regulatory headwinds, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank.

Persons: Bitcoin, Price, Gustavo Schwenkler, it's, bitcoin, Mark Connors, we've, Thomas, Jay Powell, Connors, Yuya Hasegawa, Hasegawa Organizations: BlackRock, SEC, Leavey School of Business, Santa Clara University, Federal, Coinbase

☆ Wyre winding down as crypto winter bites
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

June 16 (Reuters) - Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance. The decision, announced in a tweet on Friday, comes months after online checkout company Bolt Financial scrapped its planned $1.5 billion purchase of Wyre. Since then, the digital asset market has seen a high-profile bankruptcy of crypto exchange FTX and lawsuits from the U.S. securities regulator against Binance and Coinbase Global (COIN.O). Wyre's decision was not because of any regulatory action and investors who have assets on the company's platform could withdraw them via its dashboard through July 14, it said. Reporting by Niket Nishant in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Niket, Pooja Desai Organizations: Financial, Binance, Coinbase, Thomson Locations: Wyre, Bengaluru

☆ BlackRock files for bitcoin ETF in push into crypto
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States. A spot bitcoin ETF would track bitcoin's underlying market price. The SEC rejected Grayscale Investment LLC’s application last year to convert its flagship spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF. The SEC has also rejected proposals for spot bitcoin ETFs from firms including Fidelity, Cboe Global Markets and NYDIG.

Persons: Brendan McDermid, Joshua Chu, CoinDesk, Manya Saini, Niket, Ankur Banerjee, Rae Wee, Devika Syamnath, Pooja Desai Organizations: BlackRock, New York Stock Exchange, REUTERS, U.S . Securities, Exchange Commission, SEC, Fidelity, Cboe, Thomson Locations: New York City, U.S, BlackRock, United States, Bengaluru, Singapore

☆ SEC enforcement chief rejects criticism of crypto crackdown
▼ + stars: | 2023-06-16 | by ( Chris Prentice | ) www.reuters.com time to read: +2 min

The regulator's heightened scrutiny of crypto firms comes in response to the industry's failure to comply with the agency's regulations, SEC enforcement director Gurbir Grewal said at a Rutgers University and Lowenstein Sandler LLP event in New York. "We have worked thoughtfully and incrementally in this space," Grewal said on Friday. The SEC began targeting initial coin sales as unregistered securities offerings, but has increasingly focused on crypto firms acting as unregistered exchanges and broker-dealers. The SEC last week sued Binance and Coinbase, two of the world's largest crypto exchanges, for allegedly breaking its rules. Coinbase has said the agency hardened its stance and became less willing to work with crypto firms in the wake of the FTX scandal in late 2022.

Persons: Gurbir Grewal, Lowenstein Sandler, Grewal, you'd, Binance, Coinbase, Chris Prentice, Nick Macfie Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Rutgers University, Lowenstein, Capitol, Democratic, Thomson Locations: New York, noncompliance

June 15 (Reuters) - A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. According to the SEC's complaint, Terraform Labs and Kwon misled investors about the stability of UST, and claimed that the firm's crypto tokens would increase in value. Terraform Labs and Kwon argue the case should be dismissed because its digital assets do not fit the definition of securities and the SEC lacks authority over the industry. The case is SEC v. Terraform Labs Pte Ltd. et al., No.

Persons: Kwon, Jed Rakoff, TerraUSD, Rakoff, shouldn’t, ”, “ We’re, Devon Staren, Jody Godoy, Lincoln Organizations: Terraform Labs, U.S . Securities, Exchange, U.S, U.S ., UST, SEC, Court, Southern District of, Thomson Locations: U.S, Manhattan, TerraUSD, Southern District, Southern District of New York, New York

☆ Ritholtz’s Josh Brown talks crypto winter, the failure of blockchains and how to invest in digital assets
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

I don't think advisors really have any reason to be compelled to have these conversations with clients and clients aren't asking for it." "[If tomorrow you] woke up and there was no crypto … I don't think your life would change one iota. At the end of 2021, Ritholtz partnered with WisdomTree to launch the RWM WisdomTree Crypto Index to offer exposure to the crypto market through a financial advisor. "I don't think everyone has to, but if you want to, I think holding bitcoin outright is maybe the most common sense approach. "I don't think individual investors should be involved in bitcoin futures," he said, "because there's no passive way to do that.

Persons: Bitcoin, Josh Brown, There's, –, Brown, he's, Ritholtz, WisdomTree, … There's, It's, Gemini's Cameron, Tyler Winklevoss, You've Organizations: Ritholtz Wealth Management, CNBC Pro, Digital Assets, Financial Professionals, Advisors Locations: Austin , Texas, U.S, Brown

The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To protect themselves, institutional crypto investors are switching to exchanges that offer stronger asset protection, boosting due diligence on trading partners, and executing trades in smaller chunks, among other new risk management measures, according to executives and industry data. European crypto asset manager CoinShares ramped up its counterparty due diligence after losing 26 million pounds ($32.65 million) in the collapse of FTX. Financial regulators like the SEC say many crypto companies flout applicable rules, meaning risk management still lags the traditional financial sector. "This is inevitably risk we're all carrying in crypto - we have uncomfortable concentration risk on one large exchange called Binance," said Nickel's Crachilov.

Persons: Samed Bouaynaya, Coinbase, Altana, Binance, Anatoly Crachilov, Martin Lee, Nansen, Stephen Richardson, CoinShares ramped, cybersecurity, Jean, Marie Mognetti, Changpeng Zhao, Nickel's Crachilov, Wes Hansen, Hansen, Elizabeth Howcroft, Michelle Price, David Gregorio Our Organizations: Voyager, London, Coinbase, U.S . Securities, Exchange Commission, SEC, Asset Management, Arca, Thomson

☆ Bitcoin falls below $25,000 as Fed signals more hawkish moves ahead and regulatory screws tighten on the sector
▼ + stars: | 2023-06-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Bitcoin fell below $25,000 on Thursday, as monetary policy adds to pressure from regulators. Central bankers held interest rates steady but signaled more rate hikes to come. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The world's biggest cryptocurrency by market value traded lower to $24,897 on Thursday morning, down around 4% from $25,930 on Wednesday. Markets are currently pricing in a 65% chance that the Fed will raise rates another 25 basis-points in July.

Persons: Bitcoin, —, Ethereum, Jerome Powell's, Coinbase, Binance Organizations: SEC, Service, Federal Reserve, Fed, Securities and Exchange

☆ BlackRock close to filing for a bitcoin ETF, CoinDesk reports
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermidJune 15 (Reuters) - BlackRock (BLK.N) is close to filing an application for a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matter. The world's largest asset manager will be using Coinbase (COIN.O) Custody - an offline storage solution for digital assets - for the ETF, and the crypto exchange's spot market data for pricing, the report added. The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S. securities regulator on alleged violations of securities laws. Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry.

Persons: Brendan McDermid, CoinDesk, Manya Saini, Devika Organizations: BlackRock, New York Stock Exchange, REUTERS, Thomson Locations: New York City, U.S, BlackRock, Bengaluru

☆ BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
▼ + stars: | 2023-06-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The SEC has so far resisted allowing the launch of a spot bitcoin ETF in the U.S. Several other firms have filed and later pulled applications to launch spot bitcoin funds. Coinbase is listed as the bitcoin custodian for the proposed BlackRock ETF. The companies announced last year that Aladdin, BlackRock's institutional investment platform, would be connected to Coinbase Prime for crypto trading and custody. The entrance of BlackRock into the bitcoin ETF space could be a boost to a sector that has had a rocky start over the past two years.

Persons: Bitcoin, Aisha Hunt, Kelley Hunt, Charles, BlackRock's, Coinbase, Binance, Aladdin, BITO Organizations: BlackRock, U.S . Securities, Exchange Commission, SEC, U.S, Washington , D.C, Coinbase Locations: Wall, bitcoin, BlackRock, Washington ,

☆ Three Arrows Capital's NFTs fetch $10.9 mln at Sotheby's
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 15 (Reuters) - A set of non-fungible tokens previously bought by bankrupt cryptocurrency hedge fund Three Arrows Capital sold for $10.9 million at Sotheby's in New York on Thursday, the auction house said. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item such as an image, video or piece of text. It sold for $6.2 million on Thursday, Sotheby's said, having been bought by Three Arrows Capital for around $5.9 million in August 2021 according to DappRadar data. Singapore-based Three Arrows Capital was the first in a series of major crypto firms to go bankrupt in 2022, following the collapse of cryptocurrencies Luna and TerraUSD. Another seven of Three Arrows Capital's NFTs were already sold for $2.5 million at a Sotheby's auction in May.

Persons: Dmitri Cherniak, Sotheby's, Michael Bouhanna, cryptocurrencies Luna, NFTs, Elizabeth Howcroft, Nilutpal Timsina, Sonali Paul Organizations: Arrows Capital, Arrows, U.S, Three Arrows Capital, NFTs, Thomson Locations: New York, Sotheby's, Singapore

WASHINGTON, June 14 (Reuters) - Estonian authorities are investigating the theft of cryptocurrency from users of the country's Atomic Wallet service, a police spokesperson said Wednesday. More than $100 million in digital assets were stolen from thousands of users of cryptocurrency service Atomic Wallet by a gang of allegedly North Korean hackers known as "Lazarus," cryptocurrency analytics firm Elliptic said Tuesday. A spokesperson for Estonia's National Criminal Police said in an email that authorities had been investigating the theft since last week but would not be drawn on the details. Kaarel Kallas said the investigation was still in its early stages "and at the moment we cannot comment on the origins of the attacks." The FBI, which has in the past investigated Lazarus-linked hacks, declined comment.

Persons: Lazarus, Kaarel Kallas, Raphael Satter, Mark Potter Organizations: National Criminal Police, FBI, Thomson Locations: Tallinn

Kraken vs. Coinbase: The Biggest DifferencesCompare Kraken and Coinbase KrakenCoinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. These levels determine which account features you can access, as well as represent the amount of documentation you provide when setting up your Kraken account. Kraken Account FeaturesIf you're an institution or an advanced trader, there's no shortage of services at Kraken. The standard Coinbase account includes crypto trading, Coinbase Earn, Coinbase Card (a Coinbase debit card), wallet services, and more. Coinbase and Kraken are both great cryptocurrency exchanges with large cryptocurrency selections, account features, NFT beta marketplaces, and more.

Persons: Coinbase, Min, webinars —, Kraken, Roth IRAs, Coinbase Waller, you'll Organizations: US Securities and Exchange Commission, SEC, Chevron, Coinbase, Trade, Pro, OTC, Better, Bureau, Inc, New York State Department of Financial Services, New, DFS, iOS Locations: New York, Washington

☆ Overstock.com bids $21.5 million for Bed Bath & Beyond intellectual property assets
▼ + stars: | 2023-06-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

The home goods chain, which also owns Buy Buy Baby stores, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property, according to court papers filed Tuesday. The offer doesn't include Bed Bath & Beyond or Buy Buy Baby's store locations, which are running going-out-of-business sales. In recent weeks discussions have centered around the assets for Buy Buy Baby, often considered the crown jewel of the Bed Bath & Beyond portfolio. The Buy Buy Baby assets in particular had attracted interested bidders. Bed Bath & Beyond had sought chapter 11 protection in April, following months of numerous failed turnaround efforts and bankruptcy warnings.

Persons: Harmon Organizations: CNBC, Bed, Beyond Locations: Farmingdale , New York

☆ Binance plans to swap 750 million of token pairs to ensure liquidity
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

June 12 (Reuters) - Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin's liquidity. The move comes amid renewed regulatory scrutiny at the world's largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued by the U.S. Securities and Exchange Commission. The swap, set to start after 12 p.m. UTC on Monday, will be held directly with the tether team, the tweet said. Tron is the ninth largest cryptocurrency with a $6.3 billion market value, while ether is the largest after bitcoin, with its $210 billion market capitalization. A month later the U.S. arm of Binance said it would remove digital asset token tron from its trading platform.

Persons: Binance, Changpeng Zhao, Zhao, Justin Sun, Mehnaz Yasmin, Medha Singh Organizations: U.S . Securities, Exchange Commission, U.S ., SEC, U.S, Binance, Tron Foundation, Thomson Locations: U.S, Bengaluru

☆ Coinbase is the latest target of the SEC’s crypto crackdown—how U.S. investors may be affected
▼ + stars: | 2023-06-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +6 min

On June 13, the U.S. Securities and Exchange Commission sued Coinbase, the second-largest crypto exchange by volume, according to CoinMarketCap.com. The federal regulator alleges Coinbase operated its crypto asset trading platform as an unregistered national securities exchange and broker, per the June 13 press release. The SEC also alleges at least 13 crypto assets that Coinbase made available to customers, including Solana and Cardano's tokens, qualify as "crypto asset securities," according to the complaint. This comes just one day after the SEC sued Binance, the world's largest crypto exchange, and its billionaire founder, Changpeng Zhao. Trading crypto on an exchange versus peer-to-peer

Persons: Coinbase, Coinbase's, Brian Armstrong, Paul Grewal, we'll, Binance, Changpeng Zhao, Zhao, Gary Gensler, Chen Arad, they've, Arad, Omid, Malekan, wasn't, Bitcoin, There's, bitcoin Organizations: The U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter, Solidus Labs, NBC, Columbia Business School, Architecting, Money, U.S, Commodity, Futures, Metrics Locations: Paris, France, The, Solana, U.S, Arad

☆ London crypto move is a sign of desperate times
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

NEW YORK/LONDON, June 12 (Reuters Breakingviews) - UK Prime Minister Rishi Sunak is eager to bring some Silicon Valley glitz to London. Now venture capital investor Andreessen Horowitz is setting up its first non-US office in the British capital, to focus on blockchain and cryptocurrencies. The then-finance minister in 2021 declared as “fantastic” the decision by Deliveroo (ROO.L) to list its shares in London. Despite Sunak’s call for the UK to “embrace new innovations” like the blockchain, Britain’s appetite for crypto remains uncertain. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Rishi Sunak, Andreessen Horowitz, Binance, Sunak, Deliveroo, “ gosh, Bobby Kotick, Anita Ramaswamy, Karen Kwok, Stellantis, Peter Thal Larsen, Streisand Neto Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, Stanford University, Chips, Activision Blizzard, Twitter, Brookfield, Thomson Locations: London, U.S, Teck, China

So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.

Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S

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