The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized.
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Category: private equity
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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley […]Powered by WPeMatico
Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services
We are pleased to announce that a business alliance has been concluded among the three companies in order to implement the payment services by BCH.
Enhancement of Bitcoin Cash (BCH) payment service, which is used for payments at EC sites and restaurants, is cheaper than existing payment methods. It’s advantages are low fees, quick and easy transactions, and excellent convenience. The number of companies that implement coin-to-coin cash (BCH) payments is increasing every year.
The post Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services appeared first on Bitcoin News.
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PR: Debut of USDD – A Stable Coin That Pays You Interest
USDD – The world’s first dollar-backed and interest-bearing stable coin, with interest payments every 24 hours, will be officially released on October 31st by 55 Global Markets. The USDD value is 100% supported by a US dollar reserve, funds are held in trust for the benefit of tokenholders by PrimeTrust as trustee, a third-party trust company that has relationships with major US banks. Cohen & Company, a third-party independent accounting firm will conduct monthly examinations of management’s Trust Holdings Report in accordance with Statements on Standards for Attestation Engagements established by the American Institute of Certified Public Accountants. USDD supports highly efficient purchases and redemptions based on the 55 OTC market and DaoCoin infrastructure.
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SEC Suspends Trading of Three Companies With Ties to Cryptocurrency
The U.S. Securities and Exchange Commission (SEC) has suspended trading in the stocks of three companies with ties to cryptocurrency. One of the three is also planning an initial coin offering. The SEC says it is concerned about the nature of the companies’ business operations and the value of their assets. Also read: Japan’s DMM Bitcoin […]
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