UK regulator advocates for asset managers to tokenize funds
Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.In a recent report published by the Investment Association (IA), it outlined the rapid mov ...
BlackRock met with SEC officials to discuss spot Bitcoin ETF
Representatives from BlackRock and the Nasdaq met with the United States Securities and Exchange Commission to discuss the proposed rule allowing the listing of a spot Bitcoin (BTC) exchange-traded fund, or ETF.According to a Nov. 20 SEC memo, BlackRock provided a presentation detailing ho ...
Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing
Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF).In a filing with the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to ...
Crypto portfolio management platform MC2 Finance joins Cointelegraph Accelerator
Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side. Despite all the innovation ...
GAO finds controversial SEC guidance is subject to congressional oversight
United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issu ...
VanEck amends application for spot Bitcoin ETF
Asset manager VanEck filed an amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 27 with the United States Securities and Exchange Commission (SEC), according to the regulator’s database.The amended filing highlights that a seed capital investor purchased ...
BlackRock fined $2.5M by SEC for incorrect investment disclosure
The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.Acc ...
Aave, Circle, Base become founding members of Tokenized Asset Coalition
Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7.Aave Companies, Centrifuge, Circle, Co ...
BlackRock’s Bitcoin ETF to be the 7th application delayed by SEC today
The United States Securities and Exchange Commission has delayed an application for a Bitcoin exchange-traded fund from global asset manager BlackRock.The asset manager, which is said to have 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed, aimed at offe ...
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions.In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New Yo ...
Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage
Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.According to an Aug. 8 filing in the United States Bankruptcy Court for the Southern District of Texas, Bitmain pla ...
Nasdaq refiles Valkyrie’s spot Bitcoin ETF application, includes Coinbase as surveillance partner
The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase.According to a July 3 filing with the U.S. ...
US SEC deems spot Bitcoin ETFs filings as inadequate: Report
There may be a longer wait for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate.According to The Wall Street Journal, the securities regulator told the Nasda ...
HashKey Group Aims to Raise $200 Million Leveraging Hong Kong Digital Assets
Cryptocurrency investment company Hashkey Group plans to raise up to $200 million by taking advantage of Hong Kong digital assets. It writes Bloomberg. The HashKey Group itself is now valued at more than $1 billion. The company is ...
Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
UK FCA CEO: Cryptocurrencies have evolved into a mainstream asset class
The CEO of the UK Financial Conduct Authority (FCA) has highlighted the evolution of cryptocurrencies from "rebellious instruments" to a mainstream asset class. Ten years ago, digital currencies were viewed as an investment tool for gaining independence from the state, but today, they have gained ...
UK Financial Conduct Authority Discusses Asset Management Improvements Through Tokenization
The Financial Conduct Authority (FCA) in the UK has recently released a discussion paper which outlines several ways to enhance asset management, including the use of tokenization. According to the regulatory body, digital tokens and blockchain technology can provide new opportunities for fund pa ...
BlackRock CEO Larry Fink Sees Cryptocurrencies Boosting Financial Inclusion
BlackRock CEO Larry Fink has expressed his view that cryptocurrencies could play a significant role in increasing financial inclusion worldwide. In a recent letter to investors, Fink reiterated BlackRock's commitment to supporting the emerging cryptocurrency industry and revealed that the company ...