Leveraged Microstrategy ETFs break $400m as 'hot sauce arms race' heat up
The ETFs add leverage to Microstrategy’s already levered-up Bitcoin strategy. Investors can’t seem to get enough.
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Financial Giant Morgan Stanley Acquires E*Trade in $13B Deal
Major investment bank Morgan Stanley is buying online trading firm E*Trade Financial Group, which would extend the bank’s offerings to everyday investors.The $13 billion deal marks Morgan Stanley’s largest takeover since the crisis of 2008, also bringing along E*Trade’s five million clients, $360 billion in assets and an online bank, the Wall Street Journal reported…
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. 379 Total views 20 Total shares
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy. 203 Total views 5 Total shares Elvira Nabiullina, governor of the Bank of Russia, has admitted that Russia’s central bank might have taken a bit too tough a stance on digital assets…
Bitcoin has become nothing but the new Che Guevara T-shirt
The wonder of the universe is that it is always in motion and, because of this, that everything changes over time. So, anything can be something completely different tomorrow, just like that — no guarantees.Karl Marx expressed this brilliantly with the phrase "All that is solid melts into air." The same occurred with Bitcoin (BTC),…
Joe Lubin: Only Conceptions of Bitcoin and Ethereum Were ‘Immaculate’
Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin (BTC) and Ethereum’s conceptions as being “immaculate.” Lubin made his remark during a panel with Vitalik Buterin and Yoni Assia at the Ethereal Summit Tel Aviv on Sept. 15, according to live reporting from eToro analyst Mati Greenspan on Twitter.Twin titansTo a seasoned ear,…
Russia’s State Duma expects explosion of crypto issuance in 2021
Russian government appears to anticipate crypto issuance to explode in 2021 following the adoption of its major crypto bill. 1319 Total views 10 Total shares The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021, according to a senior official.Anatoly Aksakov, a member of the Russian State Duma and…
Abu Dhabi Global Market Concludes First Phase of Blockchain-Based KYC Project
An international financial free zone within the capital of the United Arab Emirates (UAE) has concluded the first phase of its blockchain-based Know Your Customer (KYC) utility project, according to an ADGM press release Dec. 4.The Abu Dhabi Global Market’s (ADGM) regulatory body, the Financial Services Regulatory Authority (FSRA) along with “Big Four” audit firm…
Proof of Keys Event Aims to Challenge Perceived Centralization of Cryptocurrencies
The “Proof of Keys” event aimed against centralized exchanges is happening today, Jan. 3, spearheaded by Bitcoin (BTC) investor Trace Mayer.The Proof of Keys event is essentially a bank run on centralized exchanges, wherein activists are called to withdraw all their cryptocurrency funds from centralized trading platforms and store them in their own wallets. The…