Neuberger Berman receives SEC approval to invest 5% of its Commodities Fund in Bitcoin Futures
Neuberger Berman, a New York-based asset management firm, has gotten approval from the US Securities and Exchange Commission to invest up to 5% of its assets in Bitcoin futures. Neuberger can invest up to 5% of its $164 million Commodity Strategy Fund for Investment in Bitcoin products such as Bitcoin futures and Canadian Bitcoin exchange-traded […]
Substack starts accepting Bitcoin payments
Substack a content platform backed by Andreessen Horowitz (a16z) has stated that it will start accepting Bitcoin payments. Bitcoin has been added as a payment option on Substack, an online content platform where writers may make money via subscriptions. “We’re looking forward to investigating expanded availability depending on feedback and demand,” a Substack spokeswoman told […]
Upbit reportedly becomes the first crypto exchange to file with Korean FIU
Upbit, a major cryptocurrency corporation in South Korea, is said to have filed a business report with the Korean Financial Intelligence Unit (FIU). Upbit submitted its virtual asset business to the FIU, which is part of the Financial Services Commission, South Korea’s primary financial regulator (FSC). According to The Korea Economic Daily , Upbit’s operator […]
Circle Stablecoin to be held exclusively in cash and US Treasuries
USD Coin, the industry’s second-largest stablecoin, will now be backed by cash and short-term US treasuries, according to Centre. According to a recent blog post from the Centre Consortium , USD Coin (USDC) would only be backed by cash and US Treasury notes. In 2018, Boston-based Circle and Coinbase, an American cryptocurrency exchange, launched Centre. […]
Visa purchases its first NFTs
According to a recent Forbes article, Visa has purchased its first NFT a renowned CryptoPunk NFTs for $150,000. This is the first time the digital payments giant has dipped its toes into the metaverse, an online world of virtual reality. CryptoPunk 7610 is the name of the pixelated NFT artwork . It is one of […]