Hong Kong -Based Legacy Trust Unveils Pension Plan That Accepts Crypto

Legacy Trust, a Hong Kong-based financial services company focused on digital assets, has launched a voluntary pension plan that accepts cryptocurrencies. The plan, which the company claims is the world’s first one to incorporate digital assets, is aimed at businesses in the crypto ecosystem. It is compliant with regulations in Hong Kong and is open to individuals around the world. Bitcoin Magazine reports that the … Continue reading Hong Kong -Based Legacy Trust Unveils Pension Plan That Accepts Crypto

Binance Plans to Finalize Futures Trading Platform with Competition

The world’s biggest exchange Binance is moving into futures trading. The Malta-based exchange announced Monday that it had acquired JEX – a Seychelles-based trading platform that offers spot and derivatives trading solutions for crypto. “JEX will join the Binance ecosystem as Binance JEX and focus on further building the cryptoasset derivatives market, providing Binance users with professional services including futures contracts, options and other derivatives … Continue reading Binance Plans to Finalize Futures Trading Platform with Competition

While Waiting for Bitcoin ETF Approval, VanEck and SolidX Launch Index Fund For Institutional Investors

Even as the SEC considers (and delays) a decision related to allowing the first Bitcoin ETFs, an index fund aimed at institutional investors has made its debut in the markets. The VanEck Solidx Bitcoin Trust 144A shares is an open-ended index fund that aims to track the price of Bitcoin over time. This is the same principle used by ETFs to maximize gains and minimize … Continue reading While Waiting for Bitcoin ETF Approval, VanEck and SolidX Launch Index Fund For Institutional Investors

US Global Securities Launches Tokenized Venture Fund

US Capital Global Securities has launched a tokenized venture fund with holdings in some of crypto’s biggest names, such as Bakkt, Coinbase, Tagomi, and Nomics. The fund is called NYCQ and it does not have direct cryptocurrency holdings, preferring instead to hold equity in startups. It is only available to accredited investors. It is the first such offering by CityBlock Capital. According to the CEO … Continue reading US Global Securities Launches Tokenized Venture Fund

Blockchain Launches “World’s Fastest Crypto Exchange”

The world’s biggest Bitcoin wallet company Blockchain launched a cryptocurrency exchange today. Nicole Sherrod, head of retail at Blockchain, said that the custodial exchange, which will be called the PIT, would be connected to non-custodial wallets offered by the company to ensure near-instant transfers. Custodial exchanges store coins traded on their platform and non-custodial wallets offer full ownership of cryptocurrencies by providing owners with a … Continue reading Blockchain Launches “World’s Fastest Crypto Exchange”

Investment App Abra Makes Changes To Comply With Regulations

Abra, a cryptocurrency investment app, has announced that it would have to make certain changes for its US users due to regulatory restrictions. The firm said that it was making these changes in an effort to comply with existing US laws. About the Changes The San Francisco-based company outlined the changes in a blog post on its site. The main change relates to structuring of … Continue reading Investment App Abra Makes Changes To Comply With Regulations

Bitcoin Rally Pushed Bill Miller’s Fund Up By 46%

Bill Miller’s fund has gained 46% in H1 2019 on the back of a bitcoin rally earlier this year, the hedge fund manager told Bloomberg yesterday. Bitcoin, ADT, Amazon, and Avon Products are the biggest positions in the three-year-old fund. Bitcoin has the largest market cap of all cryptocurrencies. In June, it reached an 18-month high and rose above $13,000 and is currently trading at … Continue reading Bitcoin Rally Pushed Bill Miller’s Fund Up By 46%

Germany Approves First Real Estate Bond Token

Germany’s financial regulators have approved their first real estate-backed token sale. BaFIN approved Fundament Group’s $280 million sale of a bond token backed by real estate in Germany. Investors can purchase the token using fiat currency, Bitcoin, or Ether. For purchases made using fiat currencies, the token will be delivered in a hardware wallet. It is backed by investment in five construction projects – three … Continue reading Germany Approves First Real Estate Bond Token

Should You Trade Bitcoin Through An IRA Account?

Bitcoin IRAs were among the earliest financial instruments to incorporate bitcoins. But they have received a mixed reception since introduction. Proponents point to the tax benefits of trading using an IRA. Bitcoin trades typically incur a capital gains tax because the IRS has classified the cryptocurrency as real estate. Using a self-directed or Roth IRA, you can defer tax on such trades until a full … Continue reading Should You Trade Bitcoin Through An IRA Account?