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17.12.25 - 07:36
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Marshall Islands launches universal basic income scheme offering cryptocurrency - in world first (The Guardian)
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Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nationThe Marshall Islands has introduced a national universal basic income (UBI) scheme that offers payments via cryptocurrency, alongside more traditional methods, which experts say is the first scheme of its kind in the world.Under the program, every resident citizen of the Marshall Islands will receive quarterly payments of about US$200 as part of a government effort to ease cost of living pressures. The first instalments were paid in late November and recipients can choose whether the money is paid into a bank account, by cheque, or delivered as cryptocurrency on the blockchain through a government-backed digital wallet. Continue reading......
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16.12.25 - 22:25
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Not Selling Existing Bitcoin on Balance Sheet: Mallers (Bloomberg)
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Jack Mallers, CEO of Twenty One Capital, joins "Bloomberg Crypto" to discuss the company's merger with special-purpose acquisition Cantor Equity Partners to become a public crypto company. Twenty One was launched by an affiliate of Cantor Fitzgerald LP, stablecoin issuer Tether Holdings SA and SoftBank Group as a Bitcoin company. Brandon Lutnick, chairman of Cantor Fitzgerald and the son of US Secretary of Commerce Howard Lutnick, is chief executive officer of Cantor Equity Partners. Twenty One holds around $3.9 billion in Bitcoin and plans to work on financial infrastructure for the cryptocurrency. Plus it plans to create media and educational resources about Bitcoin. (Source: Bloomberg)...
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16.12.25 - 22:01
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Bitcoin′s Great Run Will Continue, MARA′s Thiel Says (Bloomberg)
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MARA Holdings CEO Fred Theil is not discouraged by the recent performance of Bitcoin. It's down about 30% from its record high of more than $126,000. He says a risk-off environment is driving investors away from Bitcoin for now and we're just seeing some "healthy retracement." (Source: Bloomberg)...
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16.12.25 - 17:51
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JPMorgan Launches Its First Tokenized Money Market Fund On Ethereum (ZeroHedge)
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JPMorgan Launches Its First Tokenized Money Market Fund On Ethereum
Authored by Helen Partz via CoinTelegraph.com,
JPMorgan, one of the world's biggest banks, is advancing its presence in tokenized finance by launching its first money market fund through its $4 trillion asset management arm.
The fund, My OnChain Net Yield Fund, will trade under the ticker MONY and is available on the public Ethereum blockchain, JPMorgan said in an announcement shared with Cointelegraph on Monday.
Launched via Kinexys Digital Assets, JPMorgan's proprietary tokenization platform, MONY is a 506(c) private placement fund providing qualified investors the opportunity to earn US dollar yields by subscribing through its institutional trading platform, Morgan Money.
“With Morgan Money, tokenization can fundamentally change the speed and efficiency of transactions, adding new capabilities to traditional products,” said John Donohue, head of global liquidity at J.P. Morgan Asset Management.
MONY investors can rec...
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