From Big To Bigger: Abu Dhabi Investment Council Triples Bitcoin ETF Exposure
Abu Dhabi Investment Council nearly tripled its holdings in BlackRock’s iShares Bitcoin Trust during the third quarter, growing from about 2.4 million shares to nearly 8 million by September 30. The position was valued at roughly $518 million at quarter end. Related Reading: Bitcoin To $220K In 45 Days? Genius Makes Bold Claim, Promises To […]
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According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold. The World Gold Council (WGC) is considered an authority on the gold industry as the market development organization works with all types of industry leaders in the precious metals field. WGC also manages the very popular web portal gold.org and it often publishes research studies concerning safe-haven investments. Just recently, WGC....
ABU DHABI, United Arab Emirates — The Bitcoin Conference Abu Dhabi organizers hope to make the UAE a center for fintech, Bitcoin and blockchain innovation in the Middle East with its upcoming conference in Abu Dhabi on December 8, 2016. In a press release, conference organizers noted that government agencies and businesses have expressed early interest in fintech, with over 30 firms and organizations starting work on fintech proof-of-concepts in 2016. Furthermore, financial authority Abu Dhabi Global Market released a consultation paper in 2016 outlining plans to “create a sandbox....
A major securities exchange in Abu Dhabi has announced the launch of a blockchain-enabled voting service. According to The Abu Dhabi Securities Exchange (ADX), the service enables stakeholders to both participate in and observe votes held during annual general meetings (AGMs). The offering focuses on a use case that has spurred both private and public sector interest in the past. The exchange, founded in 2000, said last week that it would showcase the project during the GITEX Tech Week, an Abu Dhabi-based technology conference that began yesterday. When announcing the service, ADX invoked....
In a landmark deal, Binance and Abu Dhabi-based investment firm MGX announced yesterday that MGX has injected a whopping $2 billion into the world’s leading crypto exchange. This isn’t just any investment — it’s a triple milestone. It marks the largest investment in a crypto company, the biggest deal ever paid entirely in crypto and […]
In a landmark deal, Binance and Abu Dhabi-based investment firm MGX announced yesterday that MGX has injected a whopping $2 billion into the world’s leading crypto exchange. This isn’t just any investment — it’s a triple milestone. It marks the largest investment in a crypto company, the biggest deal ever paid entirely in crypto and […]