CRYPTO

The stablecoin sector is gaining momentum after a new Bloomberg report revealed that Russian commodities firms have adopted fiat-pegged digital currencies to execute cross-border transactions with Chinese counterparts. 

Russian commodities firms, trading anything from base metals to timber, have started using Tether Holdings Ltd.'s stablecoin to settle cross-border transactions with Chinese customers and suppliers. These settlements are being routed through Hong Kong.  (more…)

Authored by Win Ko Ko Aung via BitcoinMagazine.com,

In a world where "talent is everywhere, opportunity is not," the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn't have to dictate where (more…)

By Brayden Lindrea of CoinTelegraph

BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show.

BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to May 28 Securities and Exchange Commission filings. (more…)