Guggenheim Treasury Services, a subsidiary of the major financial firm Guggenheim Partners, has issued $20 million worth of tokenized commercial paper on the Ethereum blockchain, marking a significant step into the world of digital assets. According to a report by Helene Braun for CoinDesk, this move was confirmed by Guggenheim, although the company did not
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Matrixport Acquires Swiss Crypto Manager to Boost EU Presence
Matrixport has completed the acquisition of a Crypto Finance, a Swiss asset manager which it has not rebranded to fit its name The post Matrixport Acquires Swiss Crypto Manager to Boost EU Presence appeared first on TheCoinrise.com . CryptoGlobe
Bitcoin to Experience Post-Election Rally Due to Mounting US Debt
Bitcoin’s price is poised to benefit from the upcoming United States presidential election, regardless of the winner, according to CK Zheng, the investment chief at ZX Squared Capital. Zheng explained that the impact of April’s Bitcoin halving event has historically resulted in strong fourth quarters. He noted that both US presidential candidates have not adequately addressed a significant issue that could favor Bitcoin. “As both Republican and Democratic parties do not appropriately address the ever-increasing US debts and deficits during this election, this will be very bullish for Bitcoin especially post the US election,” Zheng stated. Bitcoin (BTC) has historically CryptoGlobe