Tuesday, September 29, 2020
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Thailand’s Finance Ministry Announces Blockchain Enabled Sale of Cheap Bonds

The Public Debt Management Office (PDMO) within Thailand’s Ministry of Finance has announced it plans to sell 200 million baht ($6.42 million) in savings bonds using a blockchain-based e-wallet.   In a statement released on its website Tuesday, the ministry said the bonds carry an extremely low face value of 1 baht

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Multibillionaire Hedge Fund Pits Bitcoin against Lower-Yield Bonds

Bitcoin got a special mention in a journal penned by Paul Britton, the CEO & Founder of Capstone Investment Advisors.The hedge fund manager recommended asset allocators to think about alternatives to government bonds, such as “cryptocurrencies.”The statement took cues from the sovereign assets’ inability to insure 60/40 portfolios after the

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A Risk-Off Disaster: Gold, Bitcoin, Bonds Fall in Sync on Rising Cash Demand

Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic.The gold-to-dollar exchange rate dipped by as much as 2.73 percent to $1,487.66 an ounce shortly after the European market open. The yellow metal came under

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Investors Frantically Rush to Bitcoin, Gold, and Bonds as Coronavirus Fear Spikes

Bitcoin holds above a key support level of $9,000 amidst growing demand for safe-haven assets.The cryptocurrency is eyeing a break above $9,500 to confirm a medium-term bullish bias.Rising cases of Coronavirus in the US has led investors to withdraw from equities this week. Gold and bonds have inched higher, meanwhile.The

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ConsenSys Acquires SEC-Registered Broker-Dealer to Tokenize Bonds

ConsenSys, a major blockchain firm founded by Ethereum co-founder Joseph Lubin, has acquired an American broker-dealer, Heritage Financial Systems.Heritage, a broker-dealer registered with the United States Securities and Exchange Commission (SEC), has been acquired by ConsenSys’s own broker-dealer, ConsenSys Digital Securities. ConsenSys’ blockchain-powered commerce and finance arm ConsenSys Codefi

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Bitcoin Outperforms Gold, US Stocks, and Bonds in 2019; Will 2020 be Same?

Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.The benchmark cryptocurrency, which more or less functions as a “decentralized” payment startup, underwent a dreamy bull run during 2019’s first

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China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds

The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises.According to local news outlet Sina Finance in early December, the funds are specifically

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