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“# Jamaica’s central bank taps Irish tech outfit for CBDC project ” Jamaica is the latest country making concrete efforts towards issuing its own sovereign digital currency. According to a press release by the Bank of Jamaica on Tuesday, eCurrency Mint, a cryptography security company specializing in central bank digital currency issuance has been selected…
“# New Zealand retirement fund reportedly allocates 5% to Bitcoin ” KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors entering the digital asset space. Bitcoin’s striking similarities to gold were cited…
“# Microsoft waffling over Bitcoin? BTC’s return to Xbox unlikely to spur adoption ” Microsoft has been sending mixed signals when it comes to its true intentions regarding Bitcoin (BTC) as well as the cryptocurrency market in general. On one hand, Microsoft president Brad Smith gave an interview earlier this year, claiming that the multinational…
“# Asset management giant Fidelity files for Bitcoin ETF ” Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1…
“# Coinbase handled trades and custody for Meitu’s $90M crypto investment ” Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the U.S.-based crypto exchange said Meitu used its services to execute up…
“# Most asset managers still in ‘education mode’ on crypto, says Fidelity ” Michael Derbin, head of Fidelity Institutional, thinks that many wealth managers and financial advisors still lack the requisite in-depth knowledge when it comes to digital assets. Whereas some wealth managers are by now “sophisticated” and “comfortable” with cryptocurrencies and their underlying technology,…
“# Elon Musk says Tesla now accepts Bitcoin from US customers ” Elon Musk has announced that Tesla cars can now be purchased using Bitcoin (BTC). The electric car company’s CEO and “Technoking” said the firm would operate Bitcoin nodes directly, and would hold on to the Bitcoin it accumulates without converting it to fiat….
“# Theta Network’s token enters top-10 cryptos by market capitalization ” THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization. On March 23, THETA overtook Chainlink (LINK) as the 10th biggest cryptocurrency by market capitalization at nearly $11.5 billion,…
“# Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa ” The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19. The conference featured a number of well-known industry commentators, participants and…
“# Layer-two scaling solutions solve enterprises’ public blockchain challenges ” At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of respondents were likely to use a public blockchain in the future. Although this…