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Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia.

As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.

Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.

Data indicates DeFi could take a huge bite out of CeFi when it comes to the ether cryptocurrency.

MicroStrategy said Friday that it had raised $650 million via a senior convertible note offering as part of its push for more financial dry powder with which to buy bitcoin.

The final figure is $100 million more than previously articulated in public statements, and $250 million more than when it first made the announcement.

As the firm noted in a release:

“The aggregate principal amount of the notes sold in the offering was $650 million, which includes notes issuable pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100 million aggregate principal amount of the notes granted to the initial purchaser of the notes, which the initial purchaser exercised in full on December 9, 2020 and which additional purchase was also completed today.”

It is not clear at this time who took part in the round; the company’s statement states that “[t]he notes were sold in a private offering to qualified institutional buyers 

As before, MicroStrategy said it “intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending identification of working capital needs and other general corporate purposes.”

The move follow’s MicroStrategy $50 million purchase of bitcoin, with its currently known holdings now above 40,000 BTC. 

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

MicroStrategy’s debt raise resulted in an estimated $639 million for bitcoin purchases.

As Wall Street buys bitcoin, crypto faces a fight for its soul. On the one side is mainstream acceptance. On the other: its cypherpunk roots.

Sweden’s financial markets minister Per Bolund said the government will launch a review of the practicality of the e-Krona, according to Bloomberg.

Anna Kinberg Batra, former chairwoman of the Riksbank’s finance committee, will reportedly lead the review. The review is slated to end in November 2022. 

Cash use in Sweden dropped to record lows in October of this year, according to the Riksbank, with the pandemic spurring the transition away from physical cash. Circulating cash as a percentage of Sweden’s GDP is now 1% compared to 4% in 2004, according to research from The Block. 

Riksbank started looking into e-krona in 2017, stating the digital currency had the potential to combat issues cash’s decline in the payment market would have.

In February, Sweden partnered with the consulting giant Accenture to create a pilot project investigating how the general public can use e-krona. This pilot project is set to run till February of 2021.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

There are more bitcoin “whales” than ever, and new data shows how they drive market movements.

A 19-year old Rostislav Solod is a Ukrainian politician and a monero whale dreaming of launching his own token