Currency

Grayscale Investments® Announces Exploration of New Investment Products

Friday, February 26, 2021 - 2:00pm

We may not turn each of these assets into one of our landmark investment products, continued Sonnenshein.

Key Points: 
  • We may not turn each of these assets into one of our landmark investment products, continued Sonnenshein.
  • As such, there is no guarantee that assets named in the above list will receive a corresponding investment product.
  • Additionally, Grayscales diversified investment product, Grayscale Digital Large Cap Fund, provides exposure to top digital currencies by market capitalization.
  • Additionally, secondary markets exist for six of Grayscales products as Grayscale Bitcoin Trust (OTCQX: GBTC ), Grayscale Bitcoin Cash Trust (OTCQX: BCHG ), Grayscale Ethereum Trust (OTCQX: ETHE ), Grayscale Ethereum Classic Trust (OTCQX: ETCG ), Grayscale Litecoin Trust (OTCQX: LTCN ) and Grayscale Digital Large Cap Fund (OTCQX: GDLC ) are publicly-quoted and available to all individual and institutional investors on the OTCQX Best Market and other OTC Markets.

Isabel Schnabel: Interview with LETA

Friday, February 26, 2021 - 12:04am

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Ingūna Ukenābele on 22 February 2021In the course of the pandemic, we have experienced the deepest economic downturn since World War II.

Key Points: 

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Ingūna Ukenābele on 22 February 2021

    • In the course of the pandemic, we have experienced the deepest economic downturn since World War II.
    • This positive development was interrupted by increasing infection numbers towards the end of last year, also affecting economic activity at the start of 2021.
    • That being said, it seems that we are now much better able to deal with lockdowns than the first time around.
    • There has been some adaptation, which means that the second lockdown will have less severe economic consequences than the first one.
    • And the sizeable fiscal package envisaged by the Biden administration will likely have positive spillover effects in the euro area.
    • As regards monetary policy, we will ensure that there is no unwarranted tightening of financing conditions.
    • A too abrupt increase in real interest rates on the back of improving global growth prospects could jeopardise the economic recovery.
    • Once the pandemic starts to decline, can we expect to see a recovery as fast as the one we saw last summer?
    • That is why the efficient use of public funds, especially those of the Next Generation EU instrument, is so important.
    • These funds should be used to foster the transition to a greener and more digital economy.
    • In our latest staff projections in December, we projected economic growth for the euro area to reach 3.9% in 2021.
    • Due to the continued lockdowns, economic growth in the first quarter of 2021 may be somewhat weaker than expected.
    • Based on our current projections, the euro area economy should be back at its pre-crisis level by mid-2022.
    • In Latvia, for example, there has been a lot of criticism about the programme drafted by the Ministry of Finance.
    • Overall, the policy response that we have seen in the euro area has been well-suited to counter the pandemic shock.
    • Moreover, it should be considered whether the fight against money laundering could not be conducted more efficiently at the European level.
    • But elevating powers and responsibilities to the European level is a difficult political issue and takes time.

Online Retailer PulseTV Puts Bitcoin Center Stage In Its Financial Strategy

Thursday, February 25, 2021 - 7:00pm

Ill., Feb. 25, 2021 /PRNewswire-PRWeb/ --PulseTV.com an online retailer since 1998 has announced its "Bitcoin Strategy" for 2021.

Key Points: 
  • Ill., Feb. 25, 2021 /PRNewswire-PRWeb/ --PulseTV.com an online retailer since 1998 has announced its "Bitcoin Strategy" for 2021.
  • PulseTV has zero debt and tremendous cash flows, so we decided to utilize those cash reserves for accumulating Bitcoin.
  • Future plans include accepting Bitcoin as a payment for online purchases, but PulseTV is content to take advantage of this unique time in the economic history of the world.
  • PulseTV.com is a North American online retailer that has been marketing exclusively online since 1998.

Weak U.S. Dollar Benefits Some Agriculture Commodities, But Not All

Thursday, February 25, 2021 - 6:15pm

CoBanks estimates on commodity-specific trade weighted balances reveals a nuanced view of currency implications for U.S. agricultural exports in 2021.

Key Points: 
  • CoBanks estimates on commodity-specific trade weighted balances reveals a nuanced view of currency implications for U.S. agricultural exports in 2021.
  • After a challenging currency environment in 2020, U.S. animal protein exports are expected to benefit from a modest tailwind fueled by a weaker U.S. dollar in 2021.
  • Both the euro and New Zealand dollar are projected to be stronger against the U.S. dollar in 2021, providing a tailwind for U.S. dairy exports.
  • Read the report, Dollar Divergence: U.S. Dollar Index Does Not Reflect True Dollar Impact on U.S. Ag Exports .

CoinShares Contributes to MIT Digital Currency Initiative to Fund Independent Research and Open-Source Development

Thursday, February 25, 2021 - 5:19pm

The MIT DCI will use the funds to support open-source software development and advance the security of the Bitcoin protocol.

Key Points: 
  • The MIT DCI will use the funds to support open-source software development and advance the security of the Bitcoin protocol.
  • CoinShares has sponsored a two-year research grant at London's Imperial College Centre for Cryptocurrency Research and Engineering, which resulted in the development of a new indexation methodology.
  • In addition, CoinShares produces a regular series of events that educate and advocate for the digital asset class.
  • CoinShares is Europe's largest digital asset manager, managing billions of assets on behalf of a global client base.

CoinShares Contributes to MIT Digital Currency Initiative to Fund Independent Research and Open-Source Development

Thursday, February 25, 2021 - 5:13pm

The MIT DCI will use the funds to support open-source software development and advance the security of the Bitcoin protocol.

Key Points: 
  • The MIT DCI will use the funds to support open-source software development and advance the security of the Bitcoin protocol.
  • CoinShares has sponsored a two-year research grant at London's Imperial College Centre for Cryptocurrency Research and Engineering, which resulted in the development of a new indexation methodology.
  • In addition, CoinShares produces a regular series of events that educate and advocate for the digital asset class.
  • CoinShares is Europe's largest digital asset manager, managing billions of assets on behalf of a global client base.

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Thursday, February 25, 2021 - 4:58pm

Dubai-based FD7 Ventures, a global crypto investment fund with $1 Billion USD under management, announced today plans to sell off 750M USD worth of their Bitcoin holdings over the next 30 days to increase the companys positions in Cardano (ADA) and Polkadot (DOT).

Key Points: 
  • Dubai-based FD7 Ventures, a global crypto investment fund with $1 Billion USD under management, announced today plans to sell off 750M USD worth of their Bitcoin holdings over the next 30 days to increase the companys positions in Cardano (ADA) and Polkadot (DOT).
  • The move will effectively sell-off a majority of the companys Bitcoin holdings to purchase rising projects Cardano and Polkadot.
  • According to the company, the increase in these altcoin holdings will better serve the needs of FD7 investors who are looking to diversify their portfolios in the growing cryptocurrency space.
  • FD7 Ventures has already begun the process of converting their Bitcoin (BTC) to Cardano (ADA) and Polkadot (DOT) and expects to complete the conversion transactions by mid-to-end of March.

Isabel Schnabel: Interview with LETA

Thursday, February 25, 2021 - 4:04pm

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Ingūna Ukenābele on 22 February 2021In the course of the pandemic, we have experienced the deepest economic downturn since World War II.

Key Points: 

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Ingūna Ukenābele on 22 February 2021

    • In the course of the pandemic, we have experienced the deepest economic downturn since World War II.
    • This positive development was interrupted by increasing infection numbers towards the end of last year, also affecting economic activity at the start of 2021.
    • That being said, it seems that we are now much better able to deal with lockdowns than the first time around.
    • There has been some adaptation, which means that the second lockdown will have less severe economic consequences than the first one.
    • And the sizeable fiscal package envisaged by the Biden administration will likely have positive spillover effects in the euro area.
    • As regards monetary policy, we will ensure that there is no unwarranted tightening of financing conditions.
    • A too abrupt increase in real interest rates on the back of improving global growth prospects could jeopardise the economic recovery.
    • Once the pandemic starts to decline, can we expect to see a recovery as fast as the one we saw last summer?
    • That is why the efficient use of public funds, especially those of the Next Generation EU instrument, is so important.
    • These funds should be used to foster the transition to a greener and more digital economy.
    • In our latest staff projections in December, we projected economic growth for the euro area to reach 3.9% in 2021.
    • Due to the continued lockdowns, economic growth in the first quarter of 2021 may be somewhat weaker than expected.
    • Based on our current projections, the euro area economy should be back at its pre-crisis level by mid-2022.
    • In Latvia, for example, there has been a lot of criticism about the programme drafted by the Ministry of Finance.
    • Overall, the policy response that we have seen in the euro area has been well-suited to counter the pandemic shock.
    • Moreover, it should be considered whether the fight against money laundering could not be conducted more efficiently at the European level.
    • But elevating powers and responsibilities to the European level is a difficult political issue and takes time.

DGAP-News: Basler AG: Preliminary business figures for 2020 - Basler closes the financial year 2020 at the upper end of the forecast along with strong incoming orders

Thursday, February 25, 2021 - 1:13pm

Particularly incoming orders of Euro 181.6 million were considerably above the previous year's figure of Euro 166.5 million.

Key Points: 
  • Particularly incoming orders of Euro 181.6 million were considerably above the previous year's figure of Euro 166.5 million.
  • The earnings before taxes increased overproportionately by 21 % to Euro 20.4 million (previous year: Euro 16.9 million).
  • With these results, Basler achieves its increased forecast communicated to the capital market at the beginning of December at the upper end.
  • The forecast for the financial year 2021 will be released on March 30, 2020 together with the annual report.

Purpose Investments Inc. Launches Currency-Hedged Class of Purpose Bitcoin ETF

Thursday, February 25, 2021 - 1:00pm

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (Purpose) is pleased to announce the currency-hedged version of the worlds first Bitcoin ETF, Purpose Bitcoin ETF (the ETF), will begin trading today on the Toronto Stock Exchange (the TSX) under the ticker symbol BTCC.

Key Points: 
  • TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (Purpose) is pleased to announce the currency-hedged version of the worlds first Bitcoin ETF, Purpose Bitcoin ETF (the ETF), will begin trading today on the Toronto Stock Exchange (the TSX) under the ticker symbol BTCC.
  • With the launch of this new class, Purpose Bitcoin ETF is the first and only listed Bitcoin fund in the world that offers a currency-hedged version.
  • Were so happy to be able to now offer Purpose Bitcoin ETF with US dollar currency hedging to Canadian investors.
  • Purpose Bitcoin ETF is now available in three versions trading on the TSX, giving investors the flexibility to invest in Bitcoin in whichever way best fits their goals.