Bitcoin should be treated as a commodity, like gold Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
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Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
The project aimed for speed, privacy and legal compliance while using highly accessible and desirable US Treasury bonds as a collateral asset.
The financial services company has managed the treasury portfolio for stablecoin issuer Tether since 2021.
The bond was issued as part of ECB wholesale settlements experiments and matures on Nov. 25.
Lutnick claimed at a recent conference hosted by Chainalysis that stablecoins are fundamental for the US economy.
Cantor Fitzgerald and Anchorage Digital Partner to Provide Copper Bitcoin Custodianship Solutions Two industry giants, Cantor Fitzgerald and Anchorage Digital, have joined forces to offer institutional clients a secure and innovative solution for storing Copper Bitcoin. This partnership aims to combine Cantor Fitzgerald’s financial expertise with Anchorage Digital’s cutting-edge technology to create a robust custodial [...]
The post Cantor Fitzgerald Partners with Anchorage Digital and Copper as Bitcoin Custodians appeared first on Crypto Breaking News.
From RENDER to WEMIX and EVMOS to UMA, check out this week's top crypto gainers and losers.
The post RLB, ORDI | Crypto Gainers and Losers | May 20, 2023 appeared first on BitPinas.
This weeks Crypto Biz explores Singapore Gulf Banks plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgeralds stake in Tether and the first DOGE ETP.
Berns Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it.
Funding for Cantor’s program will start at $2 billion, but could reach tens of billions of dollars Cantor has a 5% ownership interest in Tether, valued as much as $600 million Howard Lutnick is to step down as Cantor’s CEO when his position as US Commerce Secretary is confirmed by the US Senate Cantor Fitzgerald […]
The post Lutnicks Cantor wants to use Tether to support a $2 billion Bitcoin lending program appeared first on CoinJournal.
The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trumps Secretary of Commerce.
Tether, the biggest stablecoin issuer, may receive more political backing after Cantor Fitzgerald reportedly bought a 5% stake in the company in the last year. As reported by The Wall Street Journal on November 24, the $600m stake now gives Cantor Fitzgerald a shared interest with Tether as major political events unfold in the US. […]
The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.
After a successful US Treasurys project, Digital Asset has turned its attention to collateralizing more bonds and gold.
The Canton Network introduces the industry's first private-blockchain designed specifically for financial institutions
Digital Asset, alongside several traditional financial firms and technology giants, are partnering to launch Canton Network — a privacy-enabled blockchain network designed for institutional assets. According to a May 9 press statement, the new network would be launched in July when the network participants — which include the likes of Goldman Sachs, Cumberland, S&P Global, […]
The post Microsoft, Goldman, others partner for privacy-enabled blockchain Canton Network appeared first on CryptoSlate.
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