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Will China’s ‘Cryptocurrency’ Pump Or Pummel Bitcoin?

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China’s long-fabled “cryptocurrency” launch is finally on the horizon. According to Bloomberg, People’s Bank of China (PBoC) payments department deputy director Mu Changchun confirmed at the China Finance 40 Forum that the country’s cryptocurrency is nearing its release following a year of research and development. Given Beijing’s history of antagonism …

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BlackRock Acquires $875 Million Stake in Company Behind Sports Illustrated and Juicy Couture

 Marilyn, Elvis and Sports Illustrated part of brand portfolio Deal values Authentic Brands at more than $4 billion with debt BlackRock Inc.’s private equity vehicle struck its first deal, backing a company that manages brands including Sports Illustrated, Marilyn Monroe and Juicy Couture. The firm’s Long-Term Private Capital fund became the …

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

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Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures platform highlights two very important lessons, one obvious and one less so. The obvious conclusion is that one needs to tread very carefully when it comes to claiming regulatory approval. LedgerX announced the launch of its retail physically delivered bitcoin futures …

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