City Chicago Financial News

The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase.

Try as you might, you can’t spell “financial advisor” without F-L-O-R-I-D-A.

The first Bitcoin-futures ETF in the U.S. started trading Tuesday on the New York Stock Exchange, giving people an alternative way to participate in the crypto craze. 

As HBO’s award-winning drama series Succession returns for its fourth and final season on Sunday, you may not realize that the show was inspired by families behind some of the biggest media empires.

Legendary basketball player Michael Jordan agreed to sell his majority stake in the Charlotte Hornets to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, according to a release by the NBA last week.Jordan is selling his majority stake in the Hornets at an estimated $3 billion valuation, ESPN reported. 

Economics professor Casey Mulligan discusses impact of Biden regulations on Americans' wallets.

Bitcoin's price currently stands at $30,558, experiencing a slight drop of nearly 0.50% on Sunday. 

Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire world. Kuchlbauer had flashbacks to the surprise of soot coating her car three years ago when she was a recent college graduate in San Diego.

There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate.

To date, the regulator has yet to approve a spot ETF linked to a cryptocurrency. This is in keeping with its cautious approach to the crypto market. In fact, last week the SEC sued two crypto exchanges, Coinbase and Binance, on the basis that they have failed to register as a securities trading venue.

With that being said, the NASCAR Chicago Street Race promises a great experience this week, June 1 and June 2. The professional drivers will navigate through Columbus Drive, Michigan Avenue and Lake Shore Drive, passing through Grant Park, the northern edge of Soldier Field and more. The race commences and concludes along South Columbus Drive, right in front of Buckingham Fountain, covering over 100 laps on the 2.2-mile course totaling about 220 miles. If you are wondering, how fast can the cars go at NASCAR? NASCAR has said this some time ago. It said that the cars are “are projected to exceed 100 mph along several sections of the course’s straightaways, while other sections, such as turns and pit stops, will require significantly reduced speed.”

On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review.

Cathie Wood's investment management firm, ARK Invest, is on the growing list of US-based firms that filed for spot Bitcoin exchange-traded funds (ETFs) approval with the SEC.  

ARK Investment Management has amended its spot Bitcoin (BTC) exchange-traded fund (ETF) application with the United States Securities and Exchange Commission, making it similar to BlackRock’s recent filing. 

A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight.

The president of the Federal Reserve Bank of Chicago said he doesn’t know how he will vote on a potential interest-rate increase at the central bank’s next meeting in July.

To date, the regulator has yet to approve a spot ETF linked to a cryptocurrency. This is in keeping with its cautious approach to the crypto market. In fact, last week the SEC sued two crypto exchanges, Coinbase and Binance, on the basis that they have failed to register as a securities trading venue.

At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15. 

Fossil fuel trading will be with us for decades to come, according to the CME's commodities boss.

Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.

Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.