Author: Kevin Helms

$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says – Finance Bitcoin News

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Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension Read More

US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Million to Portfolio – Markets and Prices Bitcoin News

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The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Read More

Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge – Bitcoin News

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Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the Read More

Cboe Acquiring Erisx to Enter Cryptocurrency Spot and Derivatives Markets – Exchanges Bitcoin News

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Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace Read More

Treasury Says Crypto Reduces Efficacy of US Sanctions, Seeks More Funding – Regulation Bitcoin News

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The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy Read More

Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF – Regulation Bitcoin News

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SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Read More

Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies – Regulation Bitcoin News

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Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls Read More

NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered to Shut Down – Regulation Bitcoin News

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New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that Read More

‘Big Short’ Investor Michael Burry Not Shorting Bitcoin, Warns ‘Cryptocurrencies Are in a Bubble’ – Markets and Prices Bitcoin News

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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto. Read More

Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations – Regulation Bitcoin News

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Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform Read More

JMP Securities Sees Crypto Entering the Mainstream, Says Adoption Has Hit Escape Velocity – Featured Bitcoin News

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Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that “the industry is still in Read More

US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling – Economics Bitcoin News

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U.S. Senator Cynthia Lummis said, “Thank God for bitcoin,” during her speech to the Senate about raising the U.S. debt limit. “Bitcoin is not issued by a government, so it is not beholding to the debts that are run up Read More

Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’ – Economics Bitcoin News

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Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks Read More

Blackrock CEO Agrees With JPMorgan Boss Jamie Dimon About Bitcoin, Sees ‘Huge Role for Digitized Currency’ – Featured Bitcoin News

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The chief executive officer of the world’s largest asset manager, Blackrock, says he is “more on the Jamie Dimon camp” when asked whether he thinks bitcoin is worthless. However, the executive says he is fascinated by people’s interest in crypto Read More

Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away – Featured Bitcoin News

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The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and Read More

Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’ – News Bitcoin News

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The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end Read More

Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules – Regulation Bitcoin News

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Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat Read More

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings – Finance Bitcoin News

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A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and Read More

Binance Launches $1 Billion Fund to Boost Adoption of Its Smart Chain and Entire Blockchain Industry – News Bitcoin News

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Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and Read More

JPMorgan Boss Jamie Dimon Says Bitcoin Is Worthless, Questions BTC’s Limited Supply – News Bitcoin News

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The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the Read More