• dump gold for bitcoin
    Bitcoin,  Regulation

    CCB International Securities dumps gold for bitcoin

    Mark Jolley said that the Hong-Kong-based asset management firm sold one-third of its gold for bitcoin, despite being owned by China Construction Bank, a giant in bitcoin-banning China

    Jolley suggested that a bitcoin allocation belongs in all portfolios, after suggesting that the United States dollar will see significant inflation next year. “We normally have a 15% allocation [...] to gold, bitcoin will come in and replace some of that gold allocation. I’ve set it at 5%," he said.

  • CCB $3B bitcoin bonds
    Bitcoin,  Technology

    Chinese banking giant issues $3B of bonds that can be bought with Bitcoin

    CCB, the world’s second-largest bank, says both ‘retail and sophisticated investors’ will have direct access to the sale, with a minimum investment amount of $100

    Announcing the digital bond on Nov. 11, China Construction Bank said investors will be able to purchase these debt securities using Bitcoin or U.S. dollars. According to CCB, the bond will offer returns that are considerably higher than the interest rates currently available on the market—and it will be backed by the bank’s balance sheet.