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 […]
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. […]
Bitcoin Market: Tops $50,000 for First Time Since May
For the first time in more than three months, bitcoin returned to $50,000 . On Sunday evening, bitcoin rebounded to the $50,000 level, a significant price level as the crypto market continues to recover from its spring crisis and subsequent summer slump. The market capitalization of the world’s largest cryptocurrency has now reached $50,000. According […]
Survey shows 81% of finance execs believe blockchain has gone mainstream
Despite the fact that the finance providing industry is enthusiastic about blockchain and cryptocurrency, respondents identified cybersecurity as the most significant barrier to widespread implementation. According to global finance executives polled by Big Four auditing company Deloitte, blockchain , the underlying technology of cryptocurrencies like Bitcoin (BTC), has already attained public adoption. According to Deloitte’s […]
XREX, a publicly-traded company, raises $17M to use blockchain to solve dollar liquidity difficulties
Blockchain technology is being touted as a possible answer to emerging market currency liquidity problems. XREX, a blockchain financial business, has raised $17 million in a pre-A round headed by a group of international investors, indicating increased institutional demand for crypto-focused startups. CDIB Capital Group, a Taiwanese publicly traded corporation, led the consortium, which includes […]