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Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund


The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....

Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin


Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...

Without Disobedience, Bitcoin Is No Better Than Gold


With the launch of Bakkt’s bitcoin futures market and Binance’s revamped U.S. exchange, there’s been a lot of talk in the space about institutionalization and traditional money flowing into crypto. It’s almost as if some believe that Bitcoin can’t scale as a purely...

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit


The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...

Bitflyer Adds Bitcoin Cash Trading Across Europe and the US


Bitflyer has added a selected number of new cryptocurrencies for its European and American clients to trade. Bitcoin cash (BCH) is among the few digital assets now available to buy and sell on all licensed platforms operated by the Japanese company. Also Read: NASA to Launch Bitcoin to the Moon?...

What Bancor’s Upcoming Airdrop Means for the Defi Community


In December, liquidity token-swapping protocol Bancor will conduct a snapshot of the balances of all BNT holders, who will then be airdropped the equivalent of 10% of BNT’s market cap. As a result, millions of dollars will be shared with around 60,000 token-holders. While the value this brings...

Swiss Banks Team With Fintechs to Enter the Crypto Space


Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards...

Announcing Abuja Blockchain & Digital Assets Conference 2019


Blockchain-based solutions have the potential to make government operations at different levels more efficient and improve the delivery of public services, while simultaneously increasing trust in the public sector. For this to happen, education is key — getting the right people at the federal...

Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000


The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...

Market Update: Low Volumes and Uncertainty Shake Crypto Traders


The majority of digital currency markets have lost a few percentages over the last few days as cryptocurrency trade volume has been waning. Since our last market outlook, more than $20 billion in global trade volume disappeared and this Tuesday’s market data shows there’s only...

Major German Stock Exchange Group Launches Crypto Trading


Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian...

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