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Central Banks’ Renewed Gold Hunger Shows Need For A Hedge


A new survey suggested that central banks may be on the hunt for a hedge – a search that may lead some directly to digital gold, bitcoin (BTC), albeit via the central banking sector’s default asset of choice: gold. In a new report focusing on the status of gold reserves in central banks conducted...

Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin


China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds...

Bitcoin Volatility Expected to Rise After the US Presidential Election


While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month...

Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines


Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene. Per an official announcement from the Thai “ecosystem of cross-chain DeFi...

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