SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss Banks
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers. Source
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Assets
Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head
Investors are hoping bitcoin becomes a “store of value” but the largest cryptocurrency is still very volatile, Tom Jessop, head of Fidelity Digital Assets (FDAS), said during the Reuters Global Investment Outlook Summit 2020 on Thursday. “We use the words ‘potential store of value’ as bitcoin is still extremely volatile, and
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Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167
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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the
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Coinbase Has Raked in $14B in New Institutional Assets Since April
Coinbase has seen a $14 billion increase in institutional assets under custody since April, its head of institutional coverage at Coinbase said in a YouTube interview published on Friday.Brett Tejpaul told interviewer Eliisabetta Bartolini, partner at Heidrick & Struggles, that institutional assets under custody were $6 billion when he joined
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SEC leader touts record on digital assets on his way out the door
Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure.In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman
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Mexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin
Mexican billionaire Ricardo Salinas Pliego just declared 10% of his portfolio is now tied up in bitcoin.Announced in a tweet on Wednesday, Mexico’s second-wealthiest man responded to questions that “many people” ask him about bitcoin, saying: “YES. I have 10% of my liquid portfolio invested.”“Bitcoin protects the citizen from government
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Grayscale’s Crypto Assets Under Management Break $10B
Price appreciation in all cryptocurrencies this month is a factor behind the growth, but so are inflows. Source
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How OpenDefi Is Bringing Financial Inclusion through Real Assets
The concept behind OpenDefi is simple. Real assets, such as real estate and gold, can be tokenized to provide fractional ownership to holders.According to a 2018 report by the World Bank, financial inclusion is improving around the world due to the growth of internet access and smartphones. Despite this growth,
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Scaramucci’s $9.2B SkyBridge ‘May Seek Exposure to Digital Assets’
Anthony Scaramucci’s mega hedge fund, SkyBridge Capital, just gave itself the ability to bet on cryptocurrencies from afar.In a series of filings with the U.S. Securities and Exchange Commission published Friday and Monday, the $9.2 billion asset manager helmed by the one-time Trump spokesman signaled that two of its funds
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