$180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day

A number of emerging markets and developing economies (EMDEs) have been looking at stablecoins and central bank digital currencies (CBDC) to address weaknesses in their financial systems.But according to a paper released Friday by the Bank for International Settlements (BIS), these digital currencies may create daunting issues in these markets and not address problems that…

Sep 21, 2020 at 10:37 UTCUpdated Sep 21, 2020 at 10:39 UTC(Ronny Martin Junnilainen / Wikimedia Commons)One of America’s oldest banks wired over a hundred million dollars in funds linked to the crypto Ponzi scheme OneCoin, according to a trove of documents leaked from the U.S.’ financial crimes watchdog. In February 2017, the Bank of…

Nearly half of all initial coin offerings (ICOs) in 2017 and 2018 failed to raise any funds, while another 40 percent raised more than $1 million each, a new research report claims. Research and consulting firm GreySpark Partners studied the ICO market across the past several years, finding that as many as 890 token sales…

The stablecoin universe continues to shrink, and until this stops, a sustained recovery in crypto prices is unlikely, JPMorgan (JPM) said in a research report Thursday.A stablecoin is a type of cryptocurrency that is pegged to another asset, such as the U.S. dollar.“Headwinds from the U.S. regulatory crackdown on crypto, the unsettling of banking networks…

news CME Group, the Chicago-based exchange operator, said its bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional investors. Open interest, or the number of outstanding positions, rose to 4,629 contracts, up from 2,873 in the third…

Polymarket bettors give a 55% chance that Biden will drop out of the Presidential race. Barack Obama has privately expressed concerns over Biden's campaign performance, according to the Washington Post The chance that President Biden drops out of the race for the White House hit an all-time high of 55% on Polymarket after former president

Apr 1, 2020 at 17:00 UTCUpdated Apr 1, 2020 at 18:08 UTCBlockchain tech firm Bitfury has donated some of its GPU-based computing power towards coronavirus research.The Amsterdam-based firm said Tuesday it had dedicated its GPU computer nodes to the "Folding@home" coronavirus research project. Run by Washington University, the project has been asking for computer processing…

Jul 29, 2020 at 16:00 UTCBitcoin News Roundup for July 29, 2020With the battle for CBDC dominance in the East heating up and smart contract use skyrocketing as Ethereum turns five, CoinDesk’s Markets Daily is back with another news roundup. For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.…

Sep 1, 2020 at 22:33 UTCUpdated Sep 1, 2020 at 22:34 UTC(Jacob Ekaineck/Wikimedia Commons) Bitfinex Owner Invests $1M in Dusk’s Security Token Exchange InitiativeBitfinex parent iFinex has invested $1 million into Dusk Network – a Dutch-based company looking to create a regulated security token platform. Announced in a press release Tuesday, Dusk said the capital…