News WisdomTree Ventures Into Bitcoin Exchanges

WisdomTree Ventures Into Bitcoin Exchanges


- Advertisment -

U.S. asset manager WisdomTree has launched its first investment product, offering large investors exposure to bitcoin without having to directly hold the asset.

As Jason Guthrie, WisdomTree Europe’s head of capital markets, pointed out, the offering is the first its kind by a mainstream, established asset manager. The product’s underlying bitcoin will be held in “cold,” or offline, storage by Swissquote bank.

In other news, Nordea Bank has been given permission to prohibit its employees from investing in bitcoin and other digital currencies in their own time. A Danish court ruled that the risks that come with cryptos justifies the ban after Denmark’s union for financial industry employees filed suit against the firm.

“We filed suit because of the principle that everyone obviously has a private life and the right to act as a private individual,” Kent Petersen, the union’s chairman, said in a statement. “It was important for us and our members to establish what rights managers have. In this case, it was more far-reaching than what we find to be appropriate.”

The British Virgin Islands has plans to release its own national cryptocurrency pegged one-to-one to the greenback so that its 35,000 residents can use it within its territory. The government has partnered with startup LIFElabs on the launch.

And Canadian nonprofit Open Privacy has plans to launch Cwtch, a zcash-fueled messaging app.

“Cwtch is focused on building a decentralized infrastructure,” said Open Privacy founder Sarah Jamie Lewis. “It can’t be reliant on Visa or Venmo unless we can find a way to remove that metadata.”

The project, which is still in an early stage, received a $40,000 donation from the Zcash Foundation, allowing it to hire a designer and continue research on the payment services of the system.

“Think of it like a prepaid card,” Lewis said. “You would top off at some point using zcash or any other payment methods.”



Please enter your comment!
Please enter your name here

Latest news

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...
- Advertisement -WisdomTree Ventures Into Bitcoin Exchanges

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Must read

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that...
- Advertisement -WisdomTree Ventures Into Bitcoin ExchangesWisdomTree Ventures Into Bitcoin Exchanges

You might also likeRELATED
Recommended to you