Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption

According to credit rating agency Fitch Ratings, El Salvador's adoption of Bitcoin as a legal tender may come to have unintended consequences. Bitcoin Adoption Could Lead To Negative Credit Rating President Nayib Bukele’s decision to grant benchmark cryptocurrency Bitcoin a legal tender status a few months ago came amid global applause from enthusiasts of the […] The post Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-17 17:05

Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies

Singapore’s DBS Bank is the latest to receive approval “in principle” from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act. DBS Vickers, the bank's brokerage arm, is the one that received the go-ahead from the country’s financial regulator to begin offering crypto services directly to companies and asset managers via its […] The post Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-13 19:11

Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative

Bank of America Merrill Lynch’s former head of exchange-traded products (ETF) will be leading the bank’s newly created digital assets initiative, including crypto strategies. Mark Donoghue was previously leading the ETP and SMA group at the firm but has been given a new role during the second quarter to serve as head of digital trading […] The post Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-7 17:03

“Completely False And Inaccurate,” Says Saudi Aramco About Bitcoin Mining Rumors

On Monday, Oil giant Saudi Aramco, which has a market cap of $1.86 trillion, denied reports of it planning to begin Bitcoin mining. The rumors were first sparked by Brazilian bitcoin miner Ray Nasser who reportedly said in an interview that he is “negotiating with Aramco,” which has enough flared gas to power half of […] The post “Completely False And Inaccurate,” Says Saudi Aramco About Bitcoin Mining Rumors first appeared on BitcoinExchangeGuide. äàëüøå »

2021-8-2 19:14

$60 Billion Fund Manager Allows Access to Bitcoin Through A Mutual Fund Investment

Maryland-based ProFunds, a mutual fund management company with $60 billion in assets under management (AUM) is introducing a new way to invest in Bitcoin without actually buying the crypto asset. A premier provider of mutual funds with more than 100 funds, ProFunds is launching what it says is the first publicly available US mutual fund […] The post Billion Fund Manager Allows Access to Bitcoin Through A Mutual Fund Investment first appeared on BitcoinExchangeGuide. äàëüøå »

2021-7-30 19:42

JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’

J.P. Morgan Asset & Wealth Management CEO Mary Callahan Erdoes says most of its clients see digital currencies as an asset class. In an interview with Bloomberg when asked if their clients want to invest in cryptocurrency, do they suggest against it or help them out with it, Erodes said it is their job to […] The post JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’ first appeared on BitcoinExchangeGuide. äàëüøå »

2021-7-22 20:01

Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining

After El Salvador, Paraguay is taking essential steps towards regulating cryptocurrency by introducing a new bill developed by Congressman Carlos Rejala and Senator Fernando Silva Facetti. While Rejala’s party only holds two seats in Congress, Facetti is a leader in one of the main opposition parties in the country, the Authentic Radical Liberal Party, which […] The post Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining first appeared on BitcoinExchangeGuide. äàëüøå »

2021-7-15 19:34