Every day, Bitcoin gains greater recognition as an investment asset and store of value among renowned investors around the world, who now enjoy greater exposure to the benefits of this cryptocurrency. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 S&P Dow Jones Indices has just announced the launch of a new cryptocurrency index that will be available at the beginning of 2021. In partnership with Lukka, a data provider in blockchain US-based S&P Dow Jones Indices is preparing to bring a total of 550 cryptocurrencies and digital assets, including Bitcoin, to Wall Street investors, the company said in a statement. release of the company.
S&P Dow Jones Indices Global Head of Innovation and Strategy, Peter Roffman, stated that the time is right for independent, reliable and easy-to-use benchmarking of cryptocurrencies and digital assets, which are becoming a rapidly emerging asset class today.
📍 Value, a Swiss-based investment product creator, has launched a new ETP based on Bitcoin (BTC), LLAMADA Bitcoin Zero, which will allow investors and institutions to access the cryptocurrency without the risks associated with its storage.
Bitcoin Zero will work similarly to ETFs and publicly traded stocks, the release. Also Johan Wattenström, founder and CEO of the company, stated that the issuance of this new ETP for Bitcoin is another significant step towards the path of widespread adoption of cryptocurrencies and digital assets, which allow investors to diversify their portfolio. With Bitcoin Zero, Investors will gain greater exposure to Bitcoin, whose value has tripled this year, Wattenström said.
📍 In Germany, the bank Hauck & Aufhauser announced the creation of a new cryptocurrency fund, which will be available by January next year. In the release of the entity, it is noted that the new fund will be available so that professional and semi-professional investors can invest, in a specific and profitable way, in a diversified portfolio with the market's leading cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) y Stellar (XLM).
Hauck & Aufhäuser is a private bank based in Frankfurt, which is engaged in capital management, portfolios and investment portfolios. The fund will be available through the company Kapilendo, which will act as custodian for the cryptocurrencies. The minimum investment in this fund is 200.000 euros, equivalent to approximately 242.800 US dollars.
📍Aave, the decentralized finance protocol (DeFi), developed for the issuance of decentralized loans, has just activated its version V2, announced in mid-August, on the mainnet. This new version is designed to mitigate the risks associated with lending with highly volatile assets in the markets.
The new version of the DeFi protocol integrates an improved flash loan system and collateral exchange tools, so that users can lock their assets in stablecoins (stablecoins) during dips, avoiding liquidations in DeFi.
📍 Coinbase, exchange largest cryptocurrency exchange by trading volume, said the investment of microstrategy, reviewed as one of the largest Bitcoin investments of 2020, was executed through its services.
In a blog In a recently published statement, the exchange claimed that it is helping large institutions and corporate companies participate in the crypto industry, diversifying their investments. Likewise, Coinbase revealed that it was selected as the primary execution partner by MicroStrategy, which has a total of $425 million invested in Bitcoin.
(I.e. SWIFT, the Society for Worldwide Interbank Financial Telecommunication, announced the activation of a platform for instant cross-border payments 24/7. The organization is looking to implement a service that allows partner banks to use the existing infrastructure, but offering a better quality of service, and greater speed and effectiveness in cross-border payments.
However, despite the improvements announced by the organization, several analysts estimate that it is not enough compared to other services offered by competitors such as JPMorgan, which implement blockchain and distributed ledger technology (DLT) to improve compliance and reduce delays in interbank and cross-border processing.
(I.e. Kraken, a well-known cryptocurrency exchange, participates in the eighth round of investment prepared by Bitcoin, an Ethereum-based protocol, to donate $150 to the Ethereum development team. This is the first donation made by the exchange.
Gitcoin aims to raise $1 million to fund various protocols built on the Ethereum network. To date, the protocol has supported over 700 projects with the money raised in each round of funding.
📍 The Securities and Exchange Commission (SEC) from United States announced the independence of the SEC's Strategic Center for Innovation and Financial Technology, which will now be an independent office to report directly to the SEC Chairman on regulatory activities and processes carried out in the cryptocurrency industry.
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