Cryptocurrency Analysis and News Portal
Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted Mike McGlone, senior commodity strategist at Bloomberg Intelligence, on Aug. 23.The financial analyst cited the consistently lower yields offered by the
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The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds.According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving
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Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services. Many entrepreneurs have identified the huge untapped potential of DeFi to create products and services that are breaking new
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A macro and bond specialist joins NLW to discuss the economics of 2021.George Goncalves has been a macro analyst specializing in bonds for more than 20 years. In this conversation, he and NLW discuss the story bonds are telling the market and why central bank digital currencies are likely to
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China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.One of the world’s largest bank by market capitalization, China Construction Bank Corp (HKG: 939), has partnered with a Hong Kong-based fintech to issue blockchain-powered offshore bonds that
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China Construction Bank (CCB) has tapped Hong Kong-based digital asset exchange Fusang for the issuance of $3 billion-worth of debt securities over a blockchain.According to a Wednesday report by the South China Morning Post, tokenized bond certificates will be issued through the state-owned bank’s Labuan, Malaysia, branch over a period
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China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution.One of the "Big Four" banks in the People's Republic of China, CCB is ranked the second largest bank worldwide by total assets as of fall 2020.The megabank's
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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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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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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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