BlackRock clears bitcoin for its funds

BlackRock clears bitcoin for funds

BlackRock is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The world's largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation …

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What's bitcoin really worth?

What's bitcoin really worth?

After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won't go away: how much is bitcoin actually worth? The virtual currency barrelled to new highs to rise more than 400 % over the past year, before promptly sliding …

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DoubleLine's Gundlach pulls back on bitcoin's 'dangerous' volatility

DoubleLine's Gundlach pulls back on bitcoin's 'dangerous' volatil

(ATF) Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital and prominent Donald Trump supporter, said on Tuesday January 12 he has cooled on bitcoin. Gundlach also said he has shifted his outlook for bitcoin to neutral from overweight. The cryptocurrency dropped more than 11% on Monday and …

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Fintech gets Covid tailwind 

Fintech gets Covid tailwind

(ATF) Regulatory challenges, the rise of bitcoin and accelerated digitalisation will mark the year ahead for fintech as legacy systems and manual processes will be under huge pressure to keep up and Covid-19 “fixes” and “workarounds” will be adapted as standard business processes. Fintech – technology used to support or …

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Digital yuan to be widely available before 2022 Winter Olympics 

Digital yuan to be widely available before 2022 Winter Olympics 

(ATF) The digital yuan is being trialed in several Chinese cities with plans for the new currency to be widely available before the 2022 Beijing Winter Olympics. Shenzhen announced large scale ‘red envelope’ testing of the currency is already underway. In China the tradition for giving gifts usually takes the …

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Volatile bitcoin crashes through $34,000 – and back again

Crypto fever continues as bitcoin crashes through $30,000 barrier

(ATF) The bitcoin digital currency continued its wild ride, extending its record-breaking rally over the weekend. It surged past $30,000 for the first time and hit a record high of $34,800 on Sunday before plummeting again Monday. Bitcoin’s 14% slide on Monday did little to claw back its more than-than …

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Bitcoin jumps to record 

Bitcoin jumps to record

Bitcoin on Wednesday jumped to a record $28,599.99, after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors. The world's most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,000 for the first time on Dec. …

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