Mogo To Invest 1.5% Of Its Q3 Total Assets Worth $1.5 Million In Bitcoin
Canadian-based fintech company Mogo has revealed the intention to invest about $1.5 million, approximately 1.5% of its total assets as of the end of the third quarter of 2020 in bitcoin, and will consider expanding its investments in 2021.
The President and CFO of Mogo Greg Felle expressed optimism in bitcoin and added that the initial bitcoin investment is from the company’s $17 million portfolio.
SEC Chairman Jay Clayton Tenders Resignation Letter To Trump
The Securities and Exchange Commission Chairman Jay Clayton has tendered his resignation letter to the President of the United States Donald Trump on Wednesday.
Clayton who announced plans in November to step down from the agency at the end of this year left office with a parting gift for crypto industry – Ripple’s lawsuit.
Binance Korea Will Shut-Down All Transaction in January
Binance Korea has announced that it will be shutting down its operations by January 2021, stating that it is facing difficulty to provide smooth transaction liquidity and services to users because of the low transaction volume of its stablecoin BKRW.
According to the notice, new subscription and recharging will end on Thursday, December 24, by 1 pm Korea Standard Time (KST), while transactions for all virtual assets listed on the platform ends January 8, 2021, at 1 pm (KST).
Bitcoin Holders Can Now Cash-Out Using 16,000 ATMs in the UK
A new partnership between cryptocurrency company BitcoinPoint and ATM operator Cashzone will offer bitcoin holders the opportunity to cash out their coins using over 16,000 ATMs across the United Kingdom.
This new move will lead to the widespread, mass adoption and ease of use of Bitcoin.