The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […] Source CryptoX Portal
“Our clients were asking about how they could park their money in a form that gives them money-market returns and easily switch over to anything else,” Sehra said in an interview. “We have plugged that in quite quickly over the last two weeks, allowing users from Polygon mainnet to be able to park cash into a money market account, as well as Brevan Howard, Hamilton Lane etc.” Source
Bone ShibaSwap (BONE), a token within the Shiba Inu ecosystem, has showcased remarkable resilience amidst a predominantly bearish market. Despite the downward trend, BONE has emerged as a top performer, catching the attention of community analyst SHIB Knight, who predicts further gains and a potential price target of $3. SHIB Knight, a respected analyst within the Shiba Inu community, has been closely monitoring BONE’s performance and recently shared an update on the token’s outlook. Despite a previous failed breakout attempt, SHIB Knight remains optimistic, highlighting a chart that suggests BONE…
Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in Japan and globally, is looking to explore investments in alternative assets such as Bitcoin (BTC) and gold. According to a Bloomberg report, GPIF revealed in a press release today that it plans to examine the possibility of accommodating Bitcoin and other commodities, including farmlands, forests and gold. The fund plans first to research the prospective investment choices. Interestingly, this decision comes on the back of the recent Bitcoin market uptrend and the success of the spot Bitcoin ETF market…
For the time being, GPIF invests in domestic bonds, domestic stocks, foreign bonds, foreign stocks, private equity, real estate and infrastructure. While the pension fund is seeking information about bitcoin, there’s no guarantee it will choose to invest in the world’s largest cryptocurrency once the evaluation is completed. Source
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The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, has officially announced its initiative to explore diversification opportunities that include Bitcoin, alongside traditional investments such as gold and more unconventional assets like forests and farmland. This exploration marks a monumental potential pivot in the investment strategy of a fund traditionally associated with more conservative asset classes. Japan GPIF Seeks Information On Bitcoin According to a Bloomberg report dated March 19, 2024, GPIF is in the initial phase of this exploration, focusing…
Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim of attracting institutional investors by providing a comprehensive end-to-end service model similar to their counterparts in traditional finance. Source
“Trillions of dollars are unable to access the transparency, determinism, automation and settlement advantages of blockchain technologies for financial applications, due to variations in financial regulations,” said Miko Matsumura, managing partner at lead investor gumi Cryptos Capital. “Keyring provides these players with options to interact with verified and compliant counterparties, thus unlocking these benefits for the majority of the financial industry.” Source
The seven-day moving average of the so-called Coinbase Premium indicator, which tracks the spread between bitcoin’s prices on the Nasdaq-listed Coinbase (COIN) exchange and the offshore giant Binance, has flipped negative, according to data tracked by CryptoQuant. Original