Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies
Sweden is seeking to amend current laws in a bid to host the Bank for International Settlements innovation hub for digital currencies Go to Source Powered by WPeMatico
Finance
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Changing the Universal Gravitation in the Financial Industry
The future of the financial system lies in the DLT-based solutions that provide more trust and transparency Go to Source Powered by WPeMatico
Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets
Bakkt has now totally raised over $480 million after closing a new $300 million financing round on March 13 Go to Source Powered by WPeMatico
With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%
Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since … Read more
Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation
Wilshire Phoenix CEO Bill Herrmann sheds light on the recent $168 billion Fed injections and their relation to crypto Go to Source Powered by WPeMatico
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group, which has been in the business for some time, welcomes … Read more
Bitcoin Under $1K is Possible Warns Veteran Trader Peter Brandt
The commodities analyst believes the price of the cryptocurrency could drop below $1000 due to the coronavirus induced panic Go to Source Powered by WPeMatico
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash rates … Read more
Coronarvirus Travel Bans Crippling Crypto
The coronavirus pandemic has had devastating consequences for the crypto industry, from cancelling conferences to disrupting business Go to Source Powered by WPeMatico
CME Group Suspends Trading in Response to Coronavirus
The Chicago Mercantile Exchange Group cited the coronavirus epidemic as a reason to close trading from Friday. Other crypto-related firms are taking precautions too Go to Source Powered by WPeMatico