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Blockchain

Australian Investment Group With Billions in AUM Starts Investing in Bitcoin Futures

Pendal Group, an Australian Securities Exchange-listed investment manager with over A$100 billion (US$73.6 billion) in assets under management, is getting into bitcoin. As reported by the Australian Financial Review on Monday, Vimal Gor, Pendal’s head of bond, income and defensive strategies, said with the cryptocurrency “entering the realm of mainstream,” the company is now investing […]

China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond

The “Big Four” Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars. Source link

Pantera Raises Additional $5M for Its Bitcoin Fund, Bringing Total to $134M

Cryptocurrency firm Pantera Capital has raised another $5 million for its bitcoin fund, bringing the total to $134 million, according to a form D filing with the U.S. Securities and Exchange Commission. Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, […]

US OCC Seeks End to Bank Deplatforming of ‘Disfavored’ Industries

Call it the CPR for Operation Choke Point. The U.S. Office of the Comptroller of the Currency, a national bank regulator led by former Coinbase counsel Brian Books, has proposed a rule that would forbid banks to blacklist legal industries — including, presumably, cryptocurrency firms.  Under the proposed rule, banks could deny financial services to […]

Star Xu Surfaces From Detention as OKEx’s Mystery Key Holder Also Returns

Mingxing “Star” Xu, founder of OKCoin and CEO of OK Group has resurfaced after being detained by Chinese police. According to a report by Bloomberg Thursday, Xu appeared on a private social media platform to post that he had been cooperating with an investigation relating to an equity merger that OK Group had finalized years […]

Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge

Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of global fundamental credit strategy, said, […]

Alleged Promoter of BitConnect Crypto Scam Charged in Australia

The accused faces a lengthy prison sentence if convicted. Source link

Litecoin Flips Bitcoin Cash in Crypto Rankings With Rally to 9-Month Highs

Litecoin jumped to nine-month highs early on Tuesday, replacing bitcoin cash as the seventh-largest cryptocurrency by market value. The cryptocurrency rose to $75.77 during the Asian trading hours, a level last seen on Feb.24, according to the CoinDesk 20. Trading down slightly at $74 at press time, litecoin is still up 9% on a 24-hour […]

Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms

Fidelity Digital Assets, a subsidiary of Fidelity Investments, has responded to some of bitcoin’s most frequent criticisms, suggesting clarity is needed amid heightened interest in the cryptocurrency. In a blog post on Thursday, Director of Research Ria Bhutoria said she was addressing persistent “criticisms and misconceptions” about the cryptocurrency. These include whether bitcoin is too […]

Value DeFi Suffers $6M Flash Loan Attack

The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million. Source link

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and […]

Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service

With the launch, BitPay now provides a new alternative to crypto payroll services such as BitWage. Source link