Search Results for "asset recovery"
Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain
China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a part of the National Association of Financial Market Institutional Investors’ (NAFMII) pilot project. ABCPs are short-term investments issued by financial institutions to support companies in their short-term goals.
BlackRock CEO Larry Fink Says Bitcoin Can Evolve Into Global Asset and Impact Dollar
Larry Fink, CEO of BlackRock the world's largest asset manager with $7.4 trillion assets under management, says Bitcoin can evolve into a global asset and impact the US dollar.
Bitcoin Price and Altcoins Spike On News of President Trump’s Recovery Against COVID-19
Bitcoin and altcoins have enjoyed a brief price surge on the back of news that President Trump could be discharged from hospital after his bout with COVID-19.
Bitcoin is Emerging as The New Institutional Grade Safe-Haven Asset in 2021, says MicroStrategy CEO
Michael Saylor, MicroStrategy's CEO believes Bitcoin is a compelling safe haven asset that is capable of attracting more mainstream investors
Crypto Market Recovers Slightly but Addresses Still in Loss
Despite the obvious cryptocurrency gains seen in the market today, the road to full recovery and profit-taking is still far.
Bitcoin Price Reaches $10,800—Following Bullish Momentum Along with Safe Haven Asset Gold
After a few days of steep correction, the crypto market is on a journey of recovery, as Bitcoin’s price recently surged from $10,300 to $10,800 within an hour.
Bitcoin Price as Likely as Gold to Rally Higher, Investors Await ECB Policy Meeting Outcome
Bitcoin is now more closely correlated to safe haven asset gold than ever, which enables the world’s largest cryptocurrency to be able to combat risk aversion.
US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP
US Securities and Exchange Commission (SEC) has issued a statement to indicate that it is open to comment from the crypto industry regarding digital asset securities.
EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto
The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.
Former CoinDesk Editor-in-Chief Pete Rizzo Gets Hired by Kraken Digital Asset Exchange
A report from Kraken Digital Asset Exchange, a cryptocurrency exchange firm based in San Francisco, informed that it has hired former CoinDesk journalist, Pete Rizzo who served as an Editor-in-chief in the news industry.
Chainlink (LINK) Price on Recovery, Litecoin (LTC) Trading 131% Above Expected Level Could Mean Bullish Bitcoin
Chainlink’s (LINK) price has managed to see a slight rise, bouncing back from under $10 to temporarily over $13.
First Private Bank Joins Turkish Digital Asset Blockchain Network
Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.