News 

IDEG, Coinbase Custody Launch Bitcoin Trusts in Apparent First for Asia

Digital asset manager IDEG is launching what it claims are Asia’s first Bitcoin (BTC) trusts. The two new funds — Asia Bitcoin Trust I and Atlas Mining Trust I —  were officially announced in a press release on Dec. 8, confirming an earlier disclosure from the firm in Hong Kong in late November.  Coinbase Custody will act as custodian for both trusts, with Asia-based Profound Trust Company acting as trustee. The combined size of the two trusts is $200 million. Bringing old money to a new sector The first of…

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kevin love nba sports 

With Kevin Love in Play, Here Are 5 Teams That Should Trade for Him

The Cleveland Cavaliers are finally open to trading Kevin Love. There are several teams that could make a playoff push by adding Love. Two teams could vault into championship talks. Kevin Love needs a fresh start. Even though Love has said he’s content being the captain of the sinking ship that is the Cleveland Cavaliers, he deserves to compete.  The Cleveland Cavaliers finally seem to agree. Last Friday Adrian Wojnarowski wrote that the Cavs are “open to the idea of moving Love before the Feb. 6 trade deadline.” The Cavaliers…

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LedgerX Places Founders On Leave Following Public CFTC Woes

The board of directors of Ledger Holdings, Inc., parent company to LedgerX, announced that co-founders Paul and Juthica Chou have been placed on administrative leave, effective immediately. In a Dec. 9 press release, the Bitcoin (BTC) derivatives exchange LedgerX explained that the two executives will be replaced by Larry E. Thompson as interim chief executive officer and lead director of Ledger Holdings. Thompson brings with him the experience of a 30-year career on Wall Street. It remains unclear why the board of directors have decided to place both executives on…

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Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers

Decentralized finance (DeFi), while still in its early days, promises to redevelop critical financial services in a way that is trustless, transparent and controlled by the consumer. This has major implications for people across the world with limited access to financial services but also to crypto traders and savvy investors who are looking for new tools and new ways of finding an edge. DeFi covers any conventional financial tools built on a blockchain, but in its present forms, almost all have been built on Ethereum. This has been a major…

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adam silver houston rockets james harden nba sports 

The NBA Made the Best of a No-Win Situation by Denying the Rockets’ Protest

The league denied the Rockets’ protest of a loss to the Spurs last week. Houston’s motion took issue with referees’ mishandling of an uncounted dunk by James Harden. While the Rockets have a right to be furious, the league issued the only decision that makes sense. The Houston Rockets and San Antonio Spurs won’t be going back in time after all. The NBA on Monday issued its ruling on the Rockets’ protest of their double-overtime loss to the Spurs last week, in which a dunk by James Harden wasn’t counted…

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Bitcoin Addresses With Any Balance Hit All-Time High

According to data compiled by Coin Metrics, a crypto asset market analysis firm, the number of Bitcoin addresses that hold any amount of satoshis reached a new all-time high between October and November 2019. According to the data, more than 28,393,045 addresses held some balance of bitcoin in that period, eclipsing a previously achieved all-time high of 28,384,557 accounts in January 2018. Shared on Twitter by Avon Ventures investor Alex Thorn, this graph hints at a rise in Bitcoin popularity in terms of actual use. Shared on Twitter by Avon…

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