Australian Company Issues Loans Backed by Cryptocurrencies

Finance A Melbourne-based company is now offering crypto-backed loans. Helio operates under an Australian Credit License (ACL) issued by the Australian Securities and Investments Commission (ASIC). In the current bear market, cryptocurrency holders can borrow fiat money and keep their digital coins for better times.    Also read: Chat Bot Advises Crypto Startups and Investors […]

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

Finance The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Vaneck Solidx bitcoin exchange-traded fund (ETF), which will trade on Cboe BZX Exchange. The SEC has received more than 1,600 comments and will make a decision by February next year. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

Buffett Bet 2.0: Asset Manager Wagers Cryptocurrency Fund Will Beat S&P 500

Finance Cryptocurrency asset manager Morgan Creek Digital is betting $1 million that its crypto fund will outperform the S&P 500, calling the challenge Buffett Bet 2.0 to mimic the billionaire investor’s famous bet. The wager is expected to be taken by “someone who is bullish on the S&P 500, or someone who thinks cryptocurrencies are […]

Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019

Finance Joseph Christinat, the vice president of Nasdaq’s media team, has confirmed that the exchange will soon launch bitcoin futures. In a recent interview with a newspaper in the U.K., Christinat revealed that the platform plans to start offering bitcoin futures contracts within the first half of 2019. Also Read: Chilean Court Rules in Favor of […]

Bitwise Launches Bitcoin Fund, Driven by Client Interest

Finance Bitwise Asset Management has launched two new cryptocurrency funds, one of which only invests in BTC. The launch “is driven by inbound client interest and investor dissatisfaction with existing options,” the company says. The market downturn has also given investors “a unique opportunity to enter the market at prices many thought we’d never see […]

Chinese Government-Backed Company to Launch Stablecoin by February

Finance Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019. Also Read: Paxful Completes Second School […]

China Revises Crypto Ranking — BTC Upgraded

Finance China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations China’s Crypto Ranking Update China’s […]

Philippine Crypto Valley to Attract Companies From Japan, Korea and Australia

Finance The Philippine government-owned Cagayan Economic Zone Authority has unveiled a plan to attract Japanese, Korean and Australian companies to its “Crypto Valley of Asia.” The authority is also cracking down on crypto companies operating within its economic zone without a license. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ceza’s […]

Novogratz: ‘It Sucks to Build a Business in a Bear Market’

Finance Mike Novogratz, the chief executive officer of Galaxy Investment Partners, recently discussed the challenges of building a cryptocurrency investment firm in the 2018 bear market. But the former Goldman Sachs partner predicts that institutional demand for cryptocurrencies will drive the start of a new bull trend in 2019. Also Read: Snowden: “Large Population” Believes in […]

Overstock to Focus on DLT, Expects to Sell Retail Business by February

Finance Major online retailer Overstock expects to finalize a deal to sell its retail operations by February. The Utah-based company is selling the business so it can solely focus on the cryptocurrency and distributed ledger technology (DLT) sector. Also Read: Bitcoininfo.ru Wins Court Case Against Ban Overstock Expects to Soon Sell Retail Business According to The […]