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Tether Takes Minority Stake in Gold-Focused Investment Company Elemental Altus

Stablecoin issuer Tether’s investment arm has taken a minority stake in Elemental Altus (ELE), a publicly-listed precious metals investment company. Tether Investments is aiming to diversify the assets that back its stablecoin USDT, the world’s …

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Financial Advisors Remain Hesitant Towards Bitcoin — But Won’t Be for Long

Almost a year and a half after bitcoin BTC$108,556.48 spot exchange-traded funds were unleashed upon the U.S. financial system, financial advisors are still trying to wrap their heads around crypto. That’s according to Gerry O’Shea, head of küresel …

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U.S. Strategic Bitcoin Reserve Marks Milestone in Institutional Adoption: Gemini

*** NOT FOR PUBLICATION – EMBARGOED TILL 12PM ET JUNE 11 ***The formation of a U.S. Strategic Bitcoin Reserve (SBR) marks a pivotal step in bitcoin’s BTC$109,796.38 evolution as an institutional asset, crypto exchange Gemini said in a Thursday report …

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Guggenheim Treasury Services to Issue Digital Commercial Paper on the XRP Ledger

Digital Commercial Paper (DCP), a fixed income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s, is now live on the XRP Ledger (XRPL), a public blockchain built for the efficient tokenization of real-world assets. Administered by …

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UK Appoints First Crypto Specialist for Insolvencies

The U.K.’s Insolvency Service, responsible for returning assets to creditors in bankruptcy cases, said it appointed its first crypto intelligence specialist to help trace cryptocurrencies as digital assets become more widespread. Former police …

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