CEO Financial News

Digital investment advisor Betterment has acquired cryptocurrency robo-advisory firm Makara. The acquisition's terms were not disclosed. Betterment, which is the biggest independent digital advisor in the United States, pioneered robo-investing—an industry that grew during the pandemic. 

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Singapore-based cryptocurrency exchange Bybit has announced a partnership with Cabital, the world’s leading digital financial institution.

Carl Icahn, the billionaire investor known for his relentless campaigns against CEOs and rivals, has a secret cause that he has pursued for a decade.

Going mainstream is not always the best outcome for assets, and cryptocurrencies have lent proof to the same. While a rise in adoption had definitely brought legitimacy and capital to the market, it has also made it susceptible to macroeconomic changes.

FIS-owned Worldpay becomes a global validator and operator for the Crypto.org Chain, a public blockchain which enables transactions worldwide between people and businesses.

Ever since their inception, cryptocurrencies have railed against government interference and regulation. But Ripple wants governments to step in. 

As the total value of the digital currency industry tops $600 billion, scores of new millionaires (and even billionaires) have emerged. Two of the newest billionaires who have enjoyed massive windfalls from the success of XRP are Ripple's current and former CEOs Chris Larsen and Brad Garlinghouse.

As the digital currency market starts to creep back following a major decline earlier this year, one long-time banker suggests that 2017's high-flying run may repeat itself. Oki Matsumoto, CEO of Japanese financial services company Monex Group Inc., spoke at the Japan Society in New York on Tuesday, indicating that despite a pushback from global regulators, cryptocurrencies could take off in the same manner that derivatives did 38 years ago when they were equally disliked by regulators. The finance executive started his career in derivatives at Solomon Brothers in 1987. The entrepreneur then spent 12 years at Goldman Sachs, where he was responsible for starting the investment bank's yen-denmonated fixed-income trading desk. (See also: Already More ICOs in 2018 Than All of 2017: $6.3B.)

Check out the companies making headlines in midday trading.

The Makara acquisition will see it add the ability to invest in expert-built, diversified crypto portfolios Sarah Levy, CEO, Betterment, says: "Crypto is here to stay and Betterment wants to live our promise of long-term diversification and to provide our customers with the best variety of assets in the marketplace."Makara is unique in offering consumers managed crypto portfolios combined with the guidance and ease-of-use that have defined Betterment."Makara's team of crypto experts and engineering talent will join Betterment upon the closing of the transaction, which is expected later this quarter subject to customary closing conditions.

India Finance Secretary T.V. Somanathan had told media outlets last week that crypto taxation is kept next to winnings from horse races, or bets and other speculative transactions with the proposed 30% transaction tax. Alongside that, the 1% TDS announced with a threshold had got the industry worried.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

A grave setback engulfed India’s cryptocurrency market last week when the country’s government introduced a 30% tax on digital asset income. While some have heralded it as a step towards the legitimization of the sector, many investors are crying foul over the high tax rate.

DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned.

Bank of America increased chief executive officer Brian Moynihan’s pay by 31% last year after the lender posted record profits.

Bank of America increased chief executive officer Brian Moynihan’s pay by 31% last year after the lender posted record profits.

The SEC’s lawsuit against Ripple Labs has taken a turn for the dramatic as Judge Torres ordered for three documents to be unsealed. These were Ripple CEO Brad Garlinghouse’s subpoena, Ripple Executive Chairman Chris Larsen’s email string, and Garlinghouse’s email string.

Hertz on 4 February named Stephen Scherr, a former Goldman Sachs executive, as its next chief executive officer.

The board in all its actions has followed due process in the best interest of the company and is yet to receive an interim of the final governance review report, BharatPe said in a statement criticising the allegations made against board members.

Big changes are on the horizon for one of the world's largest cryptocurrency exchanges. Coinbase has opened an account with Barclays, the U.K. bank and multinational financial services company, according to a report by Bitcoin.com.