Monday, September 16, 2019
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Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains.As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in

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Bitcoin Traps Gold’s Market Share as Sovereign Bonds Become Unattractive

Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation.That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the

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Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender

The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption.Island

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How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’

On Jan. 10, 2019, the team behind a national cryptocurrency for the Republic of the Marshall Islands (RMI) — dubbed the Sovereign (SOV) — revealed that the coin is still being actively developed, despite previous disagreements among government officials, as well as reservations expressed by the International Monetary Fund (IMF)

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Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12.In the document, the SEC specifies that the withdrawal was “at the request of the Staff

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New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments

Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital — has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.The ETF filing was submitted to the United States Securities and Exchange Commission

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