Finance

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Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

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U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto … Read more

Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

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On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers … Read more

Stellar-based Startup Lightnet Raises $31.2 Million in Funding

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Blockchain technology startups remain a hot commodity. Especially now that China and other nations plan to fully embrace this innovative technology.  Lightnet, a blockchain startup based in Thailand, recently completed a major funding round. A Major Success for Lightnet In the end, the outfit will pocket $31.2 million from a round led by United Overseas … Read more

China Issues Digital Currency Guide for Party Cadres

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Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in … Read more