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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads:"The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without

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Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to

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New Bitcoin-Backed Stablecoin Goes Live on the Ethereum Blockchain

Photo: Stig Morten Waage / FlickrIn 2018, the entire community was discussing the benefits of stablecoins. Startups were actively launching their U.S. dollar-backed digital assets, deeply believing that the support of the fiat currency will help them to overcome the volatility of the market.The concept of stablecoins presupposes being

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A New Token Is Coming To Ethereum – And It’s Fully Bitcoin-Backed

In January, a new token is being launched on the ethereum blockchain that will be backed one-for-one by bitcoin. The companies behind the initiative include decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. What's more, a number of ethereum-based projects are also reported to support adoption

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US SEC Files Charges Against Bitcoin-Backed Securities Dealer

The U.S. Securities and Exchange Commission (SEC) has filed charges against international securities dealer 1pool Ltd., which was offering Bitcoin-funded security-based swaps, according to an SEC announcement published September 27.Per the SEC, the case involves the Marshall Islands-based corporation 1pool Ltd., which provides cryptocurrency-related services and stands behind 1broker.com, and

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