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Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss … Read more
The emergent Japan Security Token Offering Association aims to renovate the STO market via self-regulation, promising to create a standard for others to follow. But are there any drawbacks to this novel approach? Go to Source Powered by WPeMatico
Another high-profile proposal for a bitcoin exchange-traded fund (ETF) has been denied by the U.S. Securities and Exchange Commission (SEC). The agency, however, emphasized that the disapproval was not based on whether bitcoin has utility or value as an innovation or an investment. Shares of the Bitwise Bitcoin ETF Trust were to be listed on … Read more
Unicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide. Also read: RBI Ban Stops Indian Police From Cashing Out Seized Crypto … Read more
British financial software firm Finastra joins RippleNet, a global blockchain payments network with over 200 members Go to Source Powered by WPeMatico
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive … Read more
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government … Read more
With hundreds of millions of people excluded from the financial system, decentralized finance is being touted as the driving force behind the new economy #Sponsored Go to Source Powered by WPeMatico
Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that institutional interest is waning and new data that analyzed … Read more
Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also read: New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals Crypto Index in Swiss Franc MV … Read more