Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio, targeting investments in the digital asset industry, the Financial Times reported on Tuesday. Citing anonymous people familiar with the matter, the report notes that the new initiative will focus on investing in privatelyowned digital finance companies working in areas like blockchain technology and payments systems for digital currencies and stablecoins. It is believed that Marshall Wace’s new digital finance portfolio will be headed by Amit …
Galaxus, the largest online retailer in Switzerland, could start accepting payments in a stablecoin issued by local cryptocurrency bank Sygnum. According to an Aug. 27 tweet by Sygnum, the companies have just completed an electronic commerce payment using Sygnum Bank’s stablecoin known as Digital Swiss Franc (DCHF). As officially announced, the e-commerce transaction was enabled by Denmark-based crypto payment processor Coinify. Launched in March 2020, Sygnum’s DCHF stablecoin is pegged one-to-one to with the Swiss franc, and intends to eliminate the need for card systems, reduce settlement costs and fraud, as well as provide instant transactions. As previously reported, Sygnum …
A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment. In an opinion piece today, Eddie Yoon said he would pay his seventh grader 0.00055 Bitcoin (BTC) — roughly $23.50 at the time of publication — for the boy helping him with competitive pricing benchmarking for a rental property. Yoon said he gave his son Luke a choice of “cash, candy, or Bitcoin” for the work, closing the deal with a handshake. According to the Bloomberg contributor, the …
Financial companies in Israel are increasingly moving into cryptocurrencies like Bitcoin (BTC), with two competing credit card firms working on BTC investment and cashback features. Two Israel-based credit card companies, Max and Isracard, have inked partnerships with crypto-related platforms in order to allow cardholders to purchase Bitcoin, the local news agency Calcalist reported on Tuesday. Max announced a collaboration with the local crypto broker Bits of Gold to launch a crypto-enabled card called MaxBack Crypto. According to Max's official website, the card will offer cashback opportunities in BTC as well as the option to buy Bitcoin through a clearing agreement …
Brazilian bank Banco do Brasil is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies. According to a statement published by Banco do Brasil on Feb. 11 it is now “possible” for Brazilian taxpayers to pay their tax bill with crypto, in a joint initiative with Brazilian-based crypto firm Bitfy. This initiative is available to Brazilian’s who have their crypto under the custody of Bitfy, who will act as a “collection partner” for the major Brazilian bank. It noted that besides the convenience it brings to customers, it makes it possible to “expand” the use …