Saturday, February 16, 2019
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Credit Suisse Completes Joint Mutual Fund Transactions Using Blockchain

Global investment bank Credit Suisse and Portuguese Banco Best have completed end-to-end fund transactions on blockchain, according to a press release published Feb. 7.The financial institutions have reportedly processed every part of the fund trade process by implementing a blockchain-based decentralized platform, FundsDLT.Designed to improve the efficiency of fund transaction

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Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal

Dubai royal and Emirates Group chairman Sheikh Ahmed bin Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to a report from Bloomberg on Feb 5. The fund management firm purportedly aims to secure more investors in the United Arab Emirates (UAE).The Sheikh’s private office, known simply as The

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CBOE Re-Applies With US SEC to List Bitcoin Exchange-Traded Fund

The Chicago Board Options Exchange’s (CBOE), along with investment firm VanEck and financial services company SolidX, has re-applied with the United States Securities and Exchange Commission (SEC) for a rule change to list a Bitcoin (BTC) exchange-traded fund (ETF). VanEck digital asset strategy director Gabor Gurbacs announced the public filing

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International Monetary Fund Says Growth of Blockchain in Malta Poses Significant Risks

A mission from the International Monetary Fund (IMF) has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing in the island’s economy. The news was reported in local English-language daily the Times of Malta on Jan. 24.According to the article, the

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CBOE Withdraws Rule Change Request to List Bitcoin Exchange-Traded Fund

The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has apparently withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). According to an official notice published on Jan. 23, BZX withdrew a proposed rule change that would allow it to list a Bitcoin

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MIT, Stanford Researchers to Fund New ‘Globally Scalable’ Cryptocurrency, ‘Unit-e’

A group of researchers from top United States universities have announced the launch of a “globally scalable decentralized payments network,” according to a press release published today, Jan. 17.The development of the cryptocurrency, dubbed “Unit-e,” is being funded by Distributed Technologies Research (DTR) — a non-profit organization based in Switzerland,

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Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Blockchain-based prediction market Augur is reportedly significantly overestimating its usage, a founding partner of cryptocurrency hedge fund Tetras Capital claimed on social media on Jan. 10.The latest criticism of the project, Alex Sunnarborg took Augur to task following publication of its most recent weekly report showing the amount of money

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