News

'Wall Street', 'American Psycho' Studio Raising Film Funding via Avalanche

The son of a storied Hollywood producer is taking his father’s company where few in town have dared venture: into crypto. Pressman Film, an independent production house that helped create classic movies including “Wall Street” and “American Psycho,” announced on Thursday that it will use investment platform Republic—on blockchain network Avalanche—to launch a tokenized public fund that will allow members of the public to invest in a slate of upcoming films.  “My father, Edward R. Pressman, is wi...

Nearly 90% of Crypto Firm Applications Rejected by UK Regulator

The UK doesn’t seem to be warming up to crypto. A report released Thursday by the country’s financial watchdog said that nearly 90% of applications from crypto firms were rejected over the past year.  The reason? Inadequate protections against fraud.  “Over 87% of crypto registrations were rejected, withdrawn or refused for weak money laundering controls,” the Financial Conduct Authority (FCA) said in its latest annual report. The FCA regulates financial services firms and financial markets in t...

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

Swiss retail customers of the country’s largest cantonal bank now have the ability to buy, sell and hold the two most popular digital assets: bitcoin and Ethereum. ZKB is handling the custody of crypto-assets a service that can be offered to other Swiss banks. The fourth-largest bank in Switzerland, Zürcher Kantonalbank (ZKB), has begun offering retail customers the ability to buy, sell and hold the two most popular cryptocurrencies: bitcoin {{BTC}} and Ethereum {{ETH}}.