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B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

Quick Take

  • Max Boonen hopes the acquisition will allow financial institutions to “tick the credit box” and start trading cryptocurrencies.
  • The cash transaction leaves Boonen and co-founder Molendini as the only remaining shareholders apart from SBI Financial Services.
  • B2c2’s employees will be subsumed by SBI, and the firm will continue to hire for its digital assets team.

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Billionaire hedge funder Alan Howard is backing a little-known fund that’s buying bitcoin and ether: report

Bloomberg reports that Alan Howard, billionaire hedger fund manager, is among the backers of a new institutional-focused investment firm that’s eyeing a $1 billion allocation to bitcoin and ether by early next year.

The post Billionaire hedge funder Alan Howard is backing a little-known fund that’s buying bitcoin and ether: report appeared first on The Block.

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TrueUSD to launch on Avalanche’s blockchain

TrueUSD is set to become the first US dollar-backed stablecoin to launch on the Avalanche blockchain in the first quarter of 2021.

The post TrueUSD to launch on Avalanche’s blockchain appeared first on The Block.

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Kraken is assembling a team to integrate Bitcoin’s Lightning Network into its exchange

Crypto exchange Kraken is putting together a team that will focus on implementing the features of the Lightning Network into the exchange.

The post Kraken is assembling a team to integrate Bitcoin’s Lightning Network into its exchange appeared first on The Block.

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CME Group announces Ethereum futures product

CME Group will list an ethereum futures product next year, the firm said Wednesday.

The post CME Group announces Ethereum futures product appeared first on The Block.

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Bitcoin’s price surges past $20,000

Bitcoin’s price has surged above $20,000 for the first time.

The post Bitcoin’s price surges past $20,000 appeared first on The Block.

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European sovereign wealth fund SRIW joins $17 million round for blockchain venture firm Tioga Capital

SRIW Group, a Belgian sovereign wealth fund that manages about $4 billion worth of assets, has invested in blockchain venture firm Tioga Capital.

The post European sovereign wealth fund SRIW joins $17 million round for blockchain venture firm Tioga Capital appeared first on The Block.

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Fiat Freeway: Digital Asset Firms React to Authorities Recent Actions by Filing for Banking Licenses

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column focuses on the latest influx of applications by digital asset firms seeking to obtain banking licenses, which is likely a reaction to authorities’ recent actions.

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DeFi governance games: MakerDAO

Quick Take

  • MakerDAO is one of the oldest successful DAOs on Ethereum with functioning governance.
  • Anyone can participate in off-chain governance, while for governance polling, it is necessary to hold MKR.
  • Executive voting, in turn, requires locking tokens in the governance contract.
  • Despite the 9x growth of TVL, governance at MakerDAO continues to be relatively centralized and passive.

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UK regulator announces ‘temporary registration regime,’ extends operating deadline to July 9 for existing crypto businesses

The new regime lets crypto firms that have applied for registration to continue operating until July 9, 2021. The previous deadline was January 10 of that year.

The post UK regulator announces ‘temporary registration regime,’ extends operating deadline to July 9 for existing crypto businesses appeared first on The Block.

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