Asset Class – DIGIT INFO

London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service

DIGIT — Fri, 14 Apr 2023 03:20:00 +0000

On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the […]

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South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry

DIGIT — Wed, 03 Aug 2022 08:00:29 +0000

A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are […]

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Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies

DIGIT — Fri, 25 Mar 2022 09:30:41 +0000

The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick […]

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Study: 77% of Saudis Aware of Cryptocurrencies, Only 18% Currently Buying and Selling

DIGIT — Thu, 03 Mar 2022 22:30:34 +0000

More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently buying and selling cryptocurrencies. Easy Accessibility of Virtual Coins According to the findings of a Yougov survey, about 77% of Saudi Arabian residents are aware […]

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South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies

DIGIT — Mon, 01 Nov 2021 09:46:04 +0000

South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants […]

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Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet

DIGIT — Thu, 07 Oct 2021 10:30:06 +0000

Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018. The Case for Blockchain Instead, the experts claim the remarks show that the government is only interested in aspects of blockchain technology that are […]

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Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset

DIGIT — Thu, 26 Aug 2021 15:52:43 +0000

A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions.
Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency […]

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Financial Advisor Ric Edelman Sees ‘Tremendous Investment Opportunities’ in Bitcoin

DIGIT — Mon, 21 Jun 2021 21:30:49 +0000

Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees […]

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Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’

DIGIT — Fri, 18 Jun 2021 05:01:53 +0000

Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk.

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Guggenheim Investments’ Scott Minerd Says There Is Insufficient Institutional Support to Sustain BTC Prices Above $30K

DIGIT — Fri, 29 Jan 2021 21:30:47 +0000

As bitcoin struggles to kickstart yet another record-breaking rally, Scott Minerd, the CIO at Guggenheim Investments says this could be down to the inadequate institutional support. According to Minerd’s assessment, this lack of sufficient institutional investor support means it will be hard for bitcoin to trade above $30,000. The CIO, however, thinks the viability of […]

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