SEC likely to approve Bitcoin ETF in 1-2 years, says analyst
“We think we’re likely to see one in the coming year or two, but we don’t have a firm timeframe as to when the answer would be yes,” said Todd Rosenbluth. Go to Source Powered by WPeMatico
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Goldman Sachs CEO believes Bitcoin regulations are set for a ‘big evolution’
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency. Go to Source Powered by WPeMatico
Paxos applies for clearing license with SEC following successful pilot tests
The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet. Go to Source Powered by WPeMatico
SEC-registered crypto issuer INX to wrap up IPO in April
INX has been accepting cryptocurrencies like Bitcoin and Ether for its SEC-approved security token IPO since September 2020. Go to Source Powered by WPeMatico
Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting
Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December. Go to Source Powered by WPeMatico
Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF
On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin … Read more
GME drops 14% as GameStop announces plans to sell up to 3.5M shares
After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. Go to Source Powered by WPeMatico
Former SEC chair Jay Clayton tips new Bitcoin regulations are coming
The former SEC chairman warns that regulation will come both directly and indirectly. Go to Source Powered by WPeMatico
Morgan Stanley adds Bitcoin exposure to 12 investment funds
Bitcoin exposure has been added to the end of “Other Securities and Investment Strategies” sections for a dozen investment funds. Go to Source Powered by WPeMatico
Thai SEC says investors should have crypto trading experience
Secretary-general Ruenvadee Suwanmongkol said the commission will be offering a free training course for investors who have no experience trading in cryptocurrencies. Go to Source Powered by WPeMatico
