Bitcoin

15

Apr'21

1 of My Thoughts on Cryptocurrency Lending

There are 2 fundamental models to Cryptocurrency Lending, non-custodial and custodial. The vast majority of Cryptocurrency Lending options are custodial, …

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09

Apr'21

Argentina Central Bank Demands Personal Details of Country’s Bitcoin Buyers

NewsBusinessArgentina’s Central Bank Demands Personal Details of Country’s Bitcoin BuyersIn an attempt to explore whether further regulation is needed, Argentina's central bank is demanding that financial institutions turn over information on crypto traders.By Jose Antonio Lanz3 min readApr 9, 2021Apr 9, 2021The Centavo is worth 0.01 of a peso. Image: Shutterstock In brief Argentina's central bank has sent notice to regional banks in the country to report which customers are buying or holding Bitcoin and other cryptocurrencies. It's part of a year-long effort to curb illicit Bitcoin trading and further regulate the market within the country. The Central Bank of Argentina has requested that all banking institutions in the country submit information about customers who have carried out any transaction with Bitcoin or other cryptocurrencies, or hold cryptocurrencies in their digital portfolios. The move furthers a plan that President Alberto Fernandez set in motion last y..

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09

Apr'21

Bitcoin ETF Approval Will Happen: Morgan Creek’s Mark Yusko

NewsBusinessBitcoin ETF Approval Will Happen: Morgan Creek’s Mark YuskoMorgan Creek Capital Management’s CEO Mark Yusko is adamant that a long-awaited Bitcoin ETF will be approved by the U.S. SEC.By Andrew Asmakov3 min readApr 9, 2021Apr 9, 2021BitcoinAmerican investors are still waiting for a Bitcoin ETF. Image: Shutterstock In brief Mark Yusko, CEO and chief investment officer at Morgan Creek Capital Management, expects that a Bitcoin ETF will be approved by the SEC. According to Yusko, Bitcoin can be compared to a late-stage venture investment. Morgan Creek Capital Management CEO Mark Yusko has expressed his confidence that a Bitcoin ETF will finally land on Wall Street. “Our view on the ETF is it is going to happen,” Yusko said in an interview with MarketWatch. Among Morgan Creek's partners is Bitwise Asset Management—the San Francisco-based provider of index crypto funds and an early applicant for a Bitcoin ETF, or exchange-traded fund. Bitwise first filed for a Bitcoin E..

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09

Apr'21

Grayscale Adds Chainlink to Its Digital Large Cap Fund

NewsBusinessGrayscale Adds Chainlink to Its Digital Large Cap FundDigital asset manager Grayscale Investments has adjusted its Digital Large Cap Fund, adding Chainlink to the basket of cryptocurrencies.By Andrew Asmakov3 min readApr 6, 2021Apr 6, 2021Chainlink is a decentralized oracle provider. Image: Shutterstock In brief Grayscale Investments has added LINK to its Digital Large Cap Fund. The news follows the launch of the Grayscale Chainlink Trust last month. Digital asset manager Grayscale Investments has announced the addition of LINK, the native token of decentralized oracle network Chainlink, to its Digital Large Cap Fund. The adjustment in the Digital Large Cap Fund's makeup was made by selling a share of its existing components, and using the proceeds to purchase LINK. As of Friday, April 2, Grayscale’s adjusted Large Cap Fund had a total of $538.2 million in assets under management, with LINK amounting to 0.87% of the basket. The rest of the fund is made up of 80.5% ..

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02

Apr'21

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won’t be extended lockdowns in the future as they looked into the prospects of having a cure for the COVID-19 pandemic. The Vaccine Bells Those possibilities arose from Pfizer and its partner drugmaker BioNTech. On Monday, the firms revealed that they had obtained a major breakthrough in the COVID-19 vaccine trials, noting it was more than 90 percent effective. Shortly after the claim, the global stock market experienced a frenzied rally. Equities that had lost a lot this year because of lockdowns suddenly rebounded from their record lows. Meanwhile, the so-called “pandemic winners” — tech stocks — plunged heavily. The excitement around the vaccine news was obvious. Its presence meant heave..

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