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FDIC Nears Deal With Crypto Custodian to Manage Assets of Failed Banks
September 7, 2021 – Sources say the FDIC is close to announcing a contract with crypto custodian Anchorage. Hiring a custodian will make it easier for the FDIC to liquidate crypto assets. The potential deal reflects how crypto is becoming a part of all aspects of US banking. Read the report here. |
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Bitcoin ETF Battle in Canada Offers Latecomers to U.S. Race Hope
September 8, 2021 – “Well-known brand names with specialization in the cryptocurrency ecosystem are powerful weapons,” said James Seyffart, analyst at Bloomberg Intelligence, wrote in a late-August note. Read the report here. |
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Australia’s Macquarie Group to Partner with Blockstream to Pilot Renewable Bitcoin Mining Facility
September 8, 2021 – The facility will explore carbon-neutral alternatives for mining cryptocurrencies, with Macquarie funneling its investment to “explore” opportunities in providing renewable energy to power the mining process, the companies said. Read the report here. |
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SEC takes aim at Coinbase lending product
September 8, 2021 – The U.S. Securities and Exchange Commission has told Coinbase Global Inc that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said. Read the report here. |
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Chainalysis: Institutional investors dominated the DeFi scene in Q2
September 8, 2021 – “Large institutional transactions, meaning those above $10 million in USD, accounted for over 60% of DeFi transactions in Q2 2021, compared to under 50% for all cryptocurrency transactions.” Read the report here. |
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Frankfurt-based Asset Manager Union Investment to Add Bitcoin Exposure
September 8, 2021 – Portfolio manager Daniel Bathe told Bloomberg “We are considering adding bitcoins in small amounts of 1% to 2% maximum to a handful of other funds for private investors.” Read the report here. |
