The Art of making Bitcoin & Cryptocurrency
A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that […]
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The financial endowment fund of the University of Michigan, one of the oldest and most established academic institutions in the U.S., is the latest institutional investor revealed to have entered the cryptocurrency ecosystem. Its endowment is backing a crypto venture capital fund managed by Andreessen Horowitz. Also Read: In the Daily: Sirin Labs Smartphone, Middle […]
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Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in […]
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Andy Singleton, the founder of securities exchanges Aboveboard, has published an article asserting that the security token offering (STO) market is “lifeless.” While Singleton acknowledges the efficiency savings facilitated by the introduction of distributed ledger technology to the securities industry, he argues that current offerings are plagued by poor liquidity and inadequate disclosure,. resulting in […]
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Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. The policy covers issues like insider theft by employees, loss or damage of private keys and hacks. Also read: Survey […]
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Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption. Also read: Mobile Gifting Platform Swych Announces Cryptocurrency Support CBDCs Are the Best […]
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Two American public sector pension funds have reportedly backed a new cryptocurrency industry venture capital fund with a large tranche of a combined $40 million investment. The deal is being hailed as a show of confidence in the field from some of the most conservative types of investment managers. Also Read: In the Daily: New […]
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A registration statement for a new exchange-traded fund (ETF) that will invest in bitcoin futures among other traditional investments has been filed with the U.S. Securities and Exchange Commission (SEC). The fund’s portfolio will include bitcoin futures traded on the Cboe Futures Exchange and the Chicago Mercantile Exchange as well as sovereign debts and money […]
The post ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds appeared first on Bitcoin News.
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for […]
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Digital wallet Abra is rolling out new features enabling investments in shares and ETFs using Bitcoin for residents of more than 155 countries