Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens.
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Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal parliament, the Bundestag, cleared the legislation on April 22. Under this […]
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Assets under management for institutional funds have hit a record high of $59 billion.
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Bitcoin and crypto ETPs have surged in market cap and volumes as institutions buy up BTC.
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In this week’s daily editions of Bitcoin in Brief we reported about Coinbase opening the floodgates for institutional money, the new crypto law in Malta, and a move by Bittrex to invade the European market. We also covered, in this week’s most commented-on article, Nobel laureate economist Paul Krugman’s trolling of XRP and BTC supporters. Also […]
The post The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades Europe appeared first on Bitcoin News.
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Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting. Also Read: Luxury Marketplace Fancy Offers Discount for Bitcoin […]
The post The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches appeared first on Bitcoin News.
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The rush of big money into the cryptocurrency market is continuing at full pace and reshaping the global investment landscape. Two recent examples are Coinbase’s new institutional focus and Nomura’s new venture. These stories, and much more, are in today’s edition of Bitcoin in Brief. Also Read: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin […]
The post Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates Komainu appeared first on Bitcoin News.
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SINGAPORE – Rate3 aims to create a new global e-commerce ecosystem that ties consumers, merchants, suppliers and other intermediaries together with a native cryptocurrency that facilitates all transactions efficiently, cheaply and quickly.
The cross-borders e-commerce payment space today is far from perfect. Firstly, transaction costs and time - especially for cross-border payments - are excessive and inefficient. Secondly, there is no fully transparent and tamper-free reputation systems to assess the trustworthiness of buyers and sellers. Card fraud, which remains as a main concern for online retailers, is costing online retail merchants billions of dollars today and is expected to rise to US$31.7 billion by 2020. Lastly, there is selective and deliberate exclusion from our financial systems today. This is especially prevalent and obvious in Southeast Asia (SEA): 73% of the 600 million SEA residents have no formal access to financial institutions.
The post PR: Rate3 Wants to Empower a Truly Global Payment and E-Commerce Network by Making It Fair, Transparent and Cheap appeared first on Bitcoin News.
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