Basel Committee finalizes crypto exposure rules for banks
The committee is unveiling the standards later in July, culminating a yearslong process.
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Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet
Ethereum Classic (ETC) reached its highest level in almost three weeks Wednesday, buoyed by Barry Silbert-backed Digital Currency Group's $50 million investment and by an overall cryptocurrency market recovery led by Bitcoin (BTC).The 17th-largest cryptocurrency by market value traded as high as $63.19 — a nearly 98% rise from its June 22 low of $31.91.…
Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings
The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets. 209 Total views 4 Total shares New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s…
Standard Chartered Banking Group Joins Ethereum Enterprise Alliance
International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA).In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets.Standard Chartered is latest EEA banking member“Technology enables us to facilitate…
64% of US blockchain-versed parents want crypto taught in schools: Survey
Crypto educated American moms and dads are already sinking an average of $766 into extra-curricular crypto education for their kids, according to the survey. 376 Total views 7 Total shares Over two-thirds of U.S. parents and college graduates with an understanding or involvement in crypto believe that crypto should be taught in schools in order…
Bianco Research CEO Says Next Reserve Currency Will Be a Cryptocurrency
Can crypto actually take on USD’s role around the world? 691 Total views 27 Total shares Jim Bianco, CEO and president of economics and finance analysis company Bianco Research, said he sees a cryptocurrency as the next reserve asset. "I've argued that, in theory, the next reserve currency will be a crypto,” Bianco told Anthony Pompliano…
Argentina’s province to issue US dollar-pegged stablecoin
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion. 511 Total views 4 Total shares Own this piece of crypto history Collect this article as NFTThe province of San Luis in Argentina approved a legislation allowing the issuance of its own stablecoin pegged to the United States…
Bitcoin’s bull move might not be over yet — Here are 3 reasons why
Bitcoin options market positioning and BTC’s daily chart suggest another bull move could be in the making. 897 Total views 3 Total shares The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish