Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding alternative solutions to meet the need. Paris-based investment management company Melanion Capital partnered with index platform Bita to launch the Melanion Bitcoin Exposure …
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Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of …
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Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes that Bitcoin may not be suitable for most institutional investors due to extreme …
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Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000. According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred in recent weeks. Institutional demand “still low,” says analyst Despite BTC/USD trading at over 50% below its recent all-time highs, there is curiously little …
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Centre has announced plans on offering USD Coin (USDC) beyond the Ethereum Network In the coming months, USDC will soon become available on 10 additional blockchains They include Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron USDC is already fully implemented on Algorand, Stellar and Solana USDC’s market cap at $25.3 Billion …
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In a Tuesday interview with news outlet CNBC, US Senator Cynthia Lummis said Bitcoin and other cryptocurrencies should be a part of one’s retirement portfolio alongside other assets as they are a good ‘store-of-value.’ “Okay well, I would like to see cryptocurrency, like Bitcoin, become part of a diversified asset allocation that is used in …
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Crypto exchange Coinbase is turning towards ‘decentralization’ in future products Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Coinbase › DeFi Coinbase, among other centralized exchanges, are acknowledging a need for decentralization in the future. Atul Ajoy · June 30, 2021 at 8:00 am UTC · …
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As crypto markets saw some recovery on Tuesday, decentralized finance tokens and applications have once again started swelling in value. Decentralized exchange (dex) trade volumes have increased a great deal, as daily swap volumes stemming from Ethereum-based dex applications have doubled since Monday. Pancakes, Sushi, and Unicorns Decentralized finance continues to astonish, as billions of …
Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking …
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Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for …
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Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange …
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press release PRESS RELEASE. One of the leading blockchain-based NFT & Metaverse platforms, Dvision Network, has revealed that its long-awaited “Open Beta Test” (OBT) is going live on June 30th 2021. According to Dvision Network, the Open Beta Test launch will be divided into several phases, with the following stages to be announced after the …
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A veteran crypto trader and influencer is singling out one mid-cap altcoin that he says will significantly outperform Ethereum this year. The pseudonymous trader, who tweets to his 539,500 followers under the alias The Crypto Dog, says that smart contract platform Solana (SOL) has the potential to blaze toward Ethereum’s $250 billion market capitalization. ADVERTISEMENT …
The Spanish Socialist Workers’ Party (PSOE), the governing political body in Spain, is backing a new national digital currency initiative. PSOE, Spain’s oldest active party and the leading force in the Congress of Deputies, has introduced a non-law proposition to launch a national digital currency in response to the ongoing decline in cash usage, local …
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CoinMarketCap (CMC) has launched a token swap feature on its website through an integration with decentralized exchange Uniswap. CMC is one of the most well known crypto market data aggregators in the industry and has been owned by Binance since April 2020. The site’s Ethereum-based token pages now include a swap icon, enabling users to …
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