Tag Archives: News

The need and desire for a bitcoin-based exchange-traded fund (ETF) is growing stronger every day, and while the ETF may not be out yet, VanEck Solid X has, as it announced just over a week ago, released a product to satisfy that need somewhat while we all wait for a final decision from the Securities and Exchange Commission (SEC). That product has already made serious headway in the crypto community.VanEck Solid X Just Keeps Moving ForwardThe product is a fund designed to allow institutional...

In the world of business, you’ve either got it or you don’t. You either have what it takes to keep going and start more enterprises, or you’re a one-hit wonder (or not a hit at all). In the case of Bobby Lee, crypto entrepreneurism appears to be what he’s destined to do. Bobby Lee: Coming Back BiggerLee is famous for having created China’s first bitcoin exchange. China has had a very mixed relationship with cryptocurrencies, having banned foreign exchanges and initial coin offerings (ICOs) in...

Was Jeffrey Epstein into cryptocurrency? The alleged criminal made headlines several weeks ago when it was discovered he had committed suicide in his jail cell, but news is emerging that he may have contributed funds to MIT’s Media Lab and its Digital Currency Initiative (DCI). As a result, the Lab’s director Joichi Ito has resigned his position. Ito Out at MITThe DCI was developed roughly four years ago. Following the fall of Mt. Gox in Japan, bitcoin was incurring the worst bear period of...

After months of regulatory scrutiny, VanEck-SolidX launched a limited version of its Bitcoin ETF last week. Not having the SEC approval to launch a full-fledged Bitcoin ETF, VanEck planned the limited ETF launch to prove that there’s actually some demand for this investment product in the market.However, it looks like VanEck hasn’t succeeded enough to make an impact in the market. Popular crypto analyst and commentator Alex Krüger recently released some data showing that the VanEck Limited...

It seems that France decided to go rigorous on Facebook’s Libra by entirely blocking the development of it. When Facebook announced their Libra project in June this year, they called it a “global currency and financial infrastructure powered by a version of blockchain – the technology that underpins Bitcoin”.However, a lot of governments were really against even the idea and France was the harshest of them all. French Finance Minister Bruno Le Maire then called out on Libra saying it...

Zhou Xiaochuan, former governor of the People’s Bank of China (PBoC), gave a speech related to cryptocurrencies at the 10th-anniversary celebration of Senior Finance at the Shanghai Jiaotong University. During this speech, he mentioned that the Central Bank was about to issue a legal digital currency and more than one month after the announcement of this Digital Currency/Electronics Payment (DC/EP), news spread quite wildly.Recently, Mu Changchun, the Deputy Director of Payments and...

Photo: Peloton / TwitterMaker of stationary bikes Peloton finally revealed some more info of the company’s plan to go public. The fitness startup famous for their on-demand workout programs on exercise bikes, announced they are planning to raise $1.33 billion in an initial public offering (IPO).Peloton filed to become a public company in August and now, according to a Securities and Exchange Commission filing, they plan to offer 46 million shares at a price range between $26 and $29 per...

The guys at Binance have decided to make things work this time. Their partnership with Paxos Trust is finally going to pay off due to the launch of the token BUSD which is now expected to be listed on the Binance platform next week, as the official press release reads.This was announced today by the Chief Financial Officer of Binance Wei Zhou and the Co-founder and CEO Asia of Paxos Trust Company Richard Teo at the Invest Asia event in Singapore. Wei Zhou excited at the news said:“Launching a...

As part of an email sent to customers recently, Google has now announced that it will be closing down its online shopping platform, Google Express, sometime in the next few weeks. The functions available on the platform will now be on-boarded with a new version dubbed Google Shopping.Back in May, the company announced a new and redesigned Google Shopping platform which will include a universal shopping cart of sorts, embedded with the company’s other offerings including Images, Search and...

Californian digital content delivery and Internet security company Cloudflare announced they have raised their IPO price range from a previous $10 to $12 interlude to $12 to $14 per share.This company seems to believe in themselves because it’s quite unusual for a unicorn like this to adjust the number of shares it expects to sell in its public debut. However, it seems that at the new prices they have set up, Cloudflare could be valued between $3.5 billion and $4.1 billion.Let’s just remind...