On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge. The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, "enhances DCG's strategic, operational, and financial capabilities" by lowering its cost of capital and boosting the development of its investment portfolio and fully owned enterprises. Another US$600m for @LunoGlobal parentco @DCGco to help us upgrade the world to a better financial system. …

Digital currency plans by Spanish banks must now be reported according to sources at the Banco de España, who claimed that the central bank wants to examine the effect that digitalization is having on financial services. The Bank of Spain has been quiet for years on the subject of digital currencies. However, this year, it's stepping up and asserting itself. After establishing a digital currency service providers' registry, it's moving on to the banks. According to a report from Spain's El País, the Banco de España is now on the lookout for additional information from financial organizations dealing with digital …

The cryptocurrency industry is expected to grow long into the future. Anyone can see evidence of this in the value of all cryptocurrencies in circulation, which has already passed $1 trillion as of the beginning of 2021, with no signs of slowing down. Although the market itself has faced some downturns, even its lowest lows show growth from the prices in previous years. Industry analysts suggest that this, in part, is due to the technology itself being positioned to transform the entire financial industry, an endeavor that won't disappear overnight. For investors, the difficulty with investing in this high-potential market …

A retirement investment platform for small businesses has launched the Alt401(k) — enabling mainstream investors to include cryptocurrencies in their portfolios. ForUsAll has entered into a partnership with Coinbase Institutional to provide this service — and through this 401(k), employees can transfer up to 5% of their balances into a secured account where they can buy cryptocurrencies directly. Overall, nearly 40 different cryptocurrencies are supported, and employees get portfolio monitoring tools and the education required to make them feel comfortable with this asset class. According to ForUsAll, over 60% of professional investors now say crypto has a role to play …

The former vice president of China’s central bank pushed for central bank digital currencies positioning it as a substitute for cash in circulation. Wang Yongli, former vice president of Bank of China and a director of the Haixia Blockchain Research Institute, said digital currencies can certainly be a substitute for cash but it shouldn’t be confined to just that, according to the Global Times. Wang said digital currencies can reshape monetary structures. These can include setting up “basic accounts” for all social entities on a central bank’s digital currency platform. This allows the bank to supervise digital currencies without much …

This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan's financial services agency, and a life insurance company testing digital asset billing transaction. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product. The pair "will list digital securities backed by the rental …

This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a breach similar to Coincheck, the Japan STO Association gaining its first full-time trust bank member, and Japan achieving the second highest 24-hour Bitcoin trading volume numbers for May. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck updates public on user data leak Tokyo-based crypto exchange Coincheck faced a hack between May 30 and June 1, leading to hundreds of users' leaked data. The …