Blockchain 

Q3 Saw Record High Inflows, Growing Institutional Interest

Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on the inflows into its products for the period from July 1, 2019 through Sept. 30, 2019. The third quarter of the year marked the highest demand for the company’s offerings since its establishment, resulting in $254.9 million of inflows. The figure shows a threefold quarter-on-quarter increase, from $84.8 million last quarter. The quarterly inflows into Grayscale…

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Bitcoin 

Despite Pullback in Bitcoin Prices, Investor Interest Is Strong

The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019. CME Bitcoin futures are up 61% vs Q3 2018 On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong during Q3 2019, with daily open interest (OI) of over 4,600 contracts, up 61% vs Q3 2018, because of the strong interest of institutional investors. Open interest refers to the total number of outstanding derivative…

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Bitcoin 

Institutional Interest in Crypto Doubles in Q2

A senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019. Grayscale says institutions were always active Speaking in an interview with news outlet The Block on Oct. 8, the company’s director of sales and business development Rayhaneh Sharif-Askary said that business had been consistent while growing throughout this year. Q2 alone saw $85 million come from investors — twice as much as in Q1 — with institutional investors contributing more than 80% in total. Sharif-Askary explained: “You know,…

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Blockchain 

BlockFi Clients Can Now Start Earning Interest On Any Amount of Crypto

Clients of BlockFi, a cryptocurrency lending company, will now be able to start earning interest on any amount of Bitcoin (BTC), Ether (ETH), and Gemini Dollar (GUSD). No minimum deposit to earn interest On Sept. 13, the New York-based cryptocurrency lending company, BlockFi, announced that, starting today, its BlockFi Interest Account (BIA) clients will not be required to meet a minimum deposit amount in order for them to earn interest on their Bitcoin, Ether, or GUSD balances. Zac Prince, founder and CEO at BlockFi stated that he is excited to…

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Bitcoin 

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions. Double open positions limit, says CME According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).  If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.  The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular…

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Bitcoin 

Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted: “I think open internet standards serve every person better than ones controlled or started by companies.” Nobody understands the global economy Dorsey visited Melbourne to…

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Blockchain 

PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances.  The RippleNet blockchain is one such product, which aims to reinvent how these payments are made. Recently, Cointelegraph reported that PNC, the United States’ eighth-largest…

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Blockchain 

There’s ‘Heightened Interest Again’ With Bitcoin

Digital currencies are generating increasing interest from investors and traders, says the CEO of  United States brokerage giant TD Ameritrade, reported financial news and services outlet TheStreet on July 23. In an interview with TheStreet, TD Ameritrade CEO, Tim Hockey, explains that customers are showing increasing demand for cryptocurrencies and willingness to trade it. Hockey notes lack of consternation among investors Unlike American lawmakers, active investors do not fret over cryptocurrencies’ purported potential to undermine the existing financial system and the U.S. dollar as they are constantly looking for new…

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Ethereum 

CBDCs Hold No Interest Without Full Anonymity: Banxico Deputy Governor

Central bank digital currencies (CBDC) will not hold much interest for the general public unless they provide full anonymity, the deputy governor of Mexico’s central bank has argued. The executive’s remarks were published by the Bank for International Settlements on July 11. Javier Calafell, deputy governor of the Bank of Mexico (Banxico), delivered a speech on potential strengths and weaknesses of CBDC during an event held by the United States Federal Reserve Bank and the OMFIF Foundation on July 9. While outlining CBDCs’ advantages such as security of payments and…

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Blockchain 

Cash Prevents Digital Currencies With Negative Interest

Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5.  Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash.  This cash supply would remain, Amaiya said, and despite the current trend to replace it, no government would actually do so.  “To overcome the nominal zero lower bound, central banks would need to…

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