Wemix.fi suspends lending amid stablecoin liquidation issues

The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from.

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Michigan pension fund discloses $6.6M investment in Bitcoin ETFs

In an SEC filing, the state's pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30.

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Bitcoins transformation from risk asset to digital gold hints at new all-time highs

Bitcoin price is being driven higher by a new set of bullish catalysts.

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New Jersey mayor plans to invest in Bitcoin ETFs for citys pension fund

Mayor Steven Fulop said he had been a long-time believer in crypto but did not appear to have mentioned Bitcoin or other tokens before July 25.

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SFC Suspends Shum Wai Nap for Seven Months Over Private Fund Mismanagement

The SFC has suspended Shum Wai Nap for seven months due to failures in managing a private fund, highlighting significant regulatory actions. (Read More)

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Institutional DeFi players will bring commercial real estate onchain: KPMG exec

DeFi activity from institutions would be more permissioned as market participants will want to know who theyre dealing with, KPMGs Kunal Bhasin said.

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Fidelity: Pension Funds Exploring Bitcoin Investments on ETF Approval

Fidelity says pension funds are starting to explore Bitcoin investments, representing a seismic shift towards mainstream adoption.

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BlackRock: Sovereign Wealth, Pension Funds Considering Bitcoin ETFs

BlackRock says sovereign wealth funds and pensions are having diligence conversations about Bitcoin ETFs, signaling growing institutional Bitcoin adoption despite recent outflows.

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$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin Adoption

Ajit Singh joins the Proof of Workforce Foundation's mission of promoting Bitcoin adoption to workforce organizations.

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Pension Consultants are Buying US Spot Bitcoin ETFs: 13F SEC Fillings

Recent 13F SEC filings reveal major pension consultant is buying spot Bitcoin ETFs.

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

The post Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes appeared first on Crypto Breaking News.

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Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years

Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling. According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which could increase the U.S. national debt by at least $4 trillion in

The post Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years appeared first on BTC Ethereum Crypto Currency Blog.

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Binance Temporarily Halts Spot Trading: Bitcoin Price Drops

Binance suspends spot trading due to technical issues, leading to a temporary dip in Bitcoin price. Read the details and find out what CEO Changpeng Zhao has to say.

The post Binance Temporarily Halts Spot Trading: Bitcoin Price Drops appeared first on BitPinas.

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Securities Commission Cancels FTX Australia’s License

Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary The Australian Securities and Investments Commission (ASIC) announced [...]

The post Securities Commission Cancels FTX Australia’s License appeared first on Crypto Breaking News.

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$190B Ontario pension says no to crypto after FTX investment loss

The Onatario Teachers’ Pension Plan (OTPP) has decided to steer its investment away from cryptocurrencies.  The decision comes after the OTPP — which manages over $190 billion in assets  — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many [...]

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Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown

Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The processing pace will be subject to bank operation. All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins. (Read More)

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) [...]

The post USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity appeared first on Crypto Breaking News.

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Bitcoin retirement plans elicit caution from regulators

Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.

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Your pension might not be as safe as you think!

Pension funds are a massive bubble and are unsustainable. Recently, in October 2022, UK pension funds almost collapsed. And not only the UK pensions are in trouble. Pension funds all around the world face massive problems. According to the World Economic Forum, the global shortfall of pension savings in 2015 were estimated to be $70 […]

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SEC plans to propose new rule changes that could impact crypto firms

The SEC is still deciding on a "qualified custodian." (Read More)

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