Private German Bank to Launch Cryptocurrency Fund

Bitcoin (BTC) is making a recovery, its price up 4% in the last 24 hours and trading at around $61,000. This follows El Salvador’s government buying more bitcoin for its official account.On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC, which is equivalent to…

feature Overstock is opening up trading on its security token market, tZERO, to all comers. Retail investors will be able to trade on the platform starting Aug. 12, tZERO CEO Saum Noursalehi told CoinDesk. At that point, the one year lock-up period for tZERO’s 2018 security token offering (STO) will pass. While the platform went live in…

news The University of Michigan’s endowment, which is now valued at around $12 billion, could be planning further investments in Andreessen Horowitz’s cryptocurrency fund a16z. According to a regents meeting agenda published on Tuesday, the university already committed $3 million to Horowitz’s $300 million crypto fund in June 2018 and is now looking at follow-up…

Drift raised $25 million in a Series B funding round led by Multicoin Capital. The decentralized finance platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market. 11:52 Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy 02:30 Wormhole’s W Token Has a 999% Weekly

Senator Kelly Loeffler (R-Ga.). Credit: CoinDeskSenator Kelly Loeffler (R-Ga.) reportedly received a hefty payout from Bakkt's parent company Intercontinental Exchange (ICE) as she left to take up her political position.According to the New York Times on Wednesday, Loeffler was revealed to have been gifted "stock and other awards worth more than $9 million" when she…

The fund noted that it would not expose more than 15% of its $2.25 billion in assets to bitcoin. Feb 6, 2021 at 2:51 p.m. UTCBill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%Miller Value Funds–run by veteran hedge fund manager and bitcoin bull Bill Miller–may invest in the…

The repercussions of historically stringent cryptocurrency oversight are well-documented, but the ensuing sea change is perhaps not fully appreciated. With pro-crypto legislators likely to replace the current regulatory regime, we anticipate a more favorable environment for crypto applications. Decentralized finance (DeFi), in particular, is well-positioned to reap these benefits. From opening the door for traditional

(Maksym Kapliuk/iStock via Getty Images Plus)How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETPHany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify,…

WASHINGTON – Within a 36-hour period, the first bitcoin futures exchange-traded fund (ETF) began trading, the underlying cryptocurrency hit a new all-time high and federal lawmakers dusted off their 2019-era concerns about the Facebook-linked stablecoin project Diem.I spent most of DC Fintech Week in the U.S. capital to reconnect with people I haven’t seen in…