Bitcoin heading for worst quarter since start of 2018 bear market
Bitcoin appears poised to post its second-weakest quarter since the start of 2014. Go to Source Powered by WPeMatico
DIGIT
Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes
GameStop has completed a stock offer worth nearly $1.13 billion to fund growth, while a hedge fund that incurred losses from shorting GME is closing down. Go to Source Powered by WPeMatico
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC … Read more
US miner raises $105M to recycle waste coal into crypto
Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining. Go to Source Powered by WPeMatico
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging … Read more
Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom
Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Go to Source Powered by WPeMatico
Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto … Read more
Nugensis Blockchains: Be Bullet-Proof From Security Laws Action
The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which to CFTC. SEC’s Commissioner, Hester … Read more
Salvadoran Representative Introduces Lawsuit Against the Bitcoin Tender Law for Being Unconstitutional
Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative … Read more
Institutional exchange launches crypto debit card
Touted for its ability to allow users to “leverage the digital assets in their day-to-day lives,” the Bakkt Visa debit card is now available for online and in-store purchases. Go to Source Powered by WPeMatico
