City Chicago Financial News
09.02 / 19:38
litecoin
Tether
Strategy
Bitcoin
How Blockchain.com Plans to Win in the $248 Billion Crypto Market
London-based marketplace Blockchain.com, which has created more than 40 million digital-asset wallets, is moving into the cryptocurrency trading space with plans to open a new exchange. With this new strategy, the company is hoping to grab it a bigger piece of the $248 billion cryptocurrency market, known for its scandalous record of hacks, thefts, fraud and mismanagement dating back to 2014, as outlined by Bloomberg.
04.02 / 12:17
Ethereum
cryptocurrency
defi
Jump Trading replaces stolen Wormhole funds after $320 mln crypto hack
cryptocurrency arm of Jump Trading said on Thursday it had restored more than $320 million to crypto platform Wormhole after the decentralized finance site was hit with one of the largest crypto heists on record. In a tweet, Jump Crypto said they chose to replace the stolen money «to make community members whole and support Wormhole now as it continues to develop.» Chicago-based Jump Trading acquired Certus One, the developer behind Wormhole, in August.
27.01 / 12:57
Binance
coinbase
SoftBank
Asia's SoftBank and Temasek Join to Fund FTX US
FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.
26.01 / 16:59
business
cryptocurrency
SoftBank
FTX
Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek
Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.
26.01 / 13:23
business
Investments
valuation
Crypto exchange FTX US closes $400M funding round to reach $8B valuation
Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding.
26.01 / 12:47
cryptocurrency
SoftBank
Bitcoin
Crypto Exchange FTX US Valued At $8 Billion After $400 Million Fundraise
Chicago-based FTX US was launched in 2020.
18.01 / 21:12
Provident
Digital
Gemini
Bitcoin
Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA
Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively.
13.01 / 23:25
Time
Fed’s Evans: Time to Move Toward Tighter Monetary Policy
Federal Reserve Bank of Chicago President Charles Evans said Thursday monetary policy isn’t positioned to deal with surging inflation and that he supports the central bank’s recent shift toward expecting to raise interest rates.
13.01 / 05:35
ETF
Bitcoin Futures
Bitcoin
fall
Interest wanes in Bitcoin futures ETF’s as contracts fall below 5K
After a stellar launch, interest has waned in the ProShares Bitcoin Strategy Exchange Traded Fund (BITO) which now has the lowest amount of CME contracts since Nov. 2021.
12.01 / 11:15
Citadel gets $1bn injection in first outside investment for trader
Citadel Securities is set to receive its first outside investment in a deal valuing the electronic-trading firm majority-owned by hedge fund billionaire Ken Griffin at around $22bn.
06.01 / 21:11
ETF
Investing
Bitcoin
Returns
Another ETF Buys Bitcoin Futures, Cites Potential for ‘Significant’ Returns
The US-listed exchange-traded fund (ETF) WisdomTree Managed Futures Strategy Fund (WTMF) has added an allocation of approximately 1.5% to bitcoin (BTC) futures, citing the potential for “significant” returns uncorrelated with the broader market.
31.12 / 15:05
COST
UPS
Citi
Fed Rate-Setting Panel Gets New Members in 2022 Amid Rate-Rise Expectations
Federal Reserve regional bank presidents who gain votes in the new year on the central bank’s interest-rate-setting committee are likely to strongly support raising borrowing costs to try to combat high inflation.
24.12 / 18:03
businesses
Small Businesses Struck by Omicron Face Hard Choices Before Holidays
After nearly two years of dealing with worker shortages, pandemic restrictions and rising prices, many small businesses are suddenly facing a surge of employee illnesses from the Omicron variant that is leading to some hard choices.
06.12 / 20:53
01.12 / 12:11
business
Futures
Crypto.com to acquire two US exchanges for derivatives and futures offerings
Global crypto exchange Crypto.com is looking to strengthen its foothold in the United States with the acquisition of IG Group's stakes in two exchange platforms.
30.11 / 05:07
business
Ethereum
ETF
SEC
Ethereum Futures Etf
Kelly Strategic Management files for Ethereum futures ETF
Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.
22.11 / 18:37
ETF
SEC
Bitcoin
Bitwise
Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs
The American exchange-traded fund (ETF) issuer Invesco has for the first time revealed the reason for its surprise decision to pull out of the race to bring a bitcoin (BTC) futures-backed ETF to the market - and just like its competitor Bitwise Asset Management, the firm has blamed the rules from the US Securities and Exchange Commission (SEC).
17.11 / 04:45
ETF
VanEck
Bitcoin
BITO
Bitcoin Strategy
VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO's
The VanEck Bitcoin Strategy ETF (XBTF) closed its first day of trading on Nov. 16 with "respectable" trading volume, but one that pales in comparison to similar launches.
16.11 / 23:03
ETF
Strategy
VanEck
Bitcoin
Bitcoin Strategy
VanEck's Bitcoin Strategy ETF Begins Trading at Cboe
Another bitcoin exchange traded fund (ETF) made its debut in the markets. Less than a month after ProShares launched the first bitcoin ETF in the markets, investment firm VanEck's Bitcoin Strategy ETF (XBTF) has begun trading at Cboe Global Markets (CBOE) on Nov. 16, 2021. The fund tracks prices for bitcoin futures traded at the Chicago Mercantile Exchange (CME). It is a cash-settled futures fund, meaning it tracks prices for bitcoin futures and is settled in cash, instead of actual bitcoin.
15.11 / 12:49
ETF
SEC
CBOE
Bitcoin
VanEck Bitcoin futures ETF to launch on CBOE on Nov. 16
VanEck, one of the first United States-based asset managers to file for a Bitcoin (BTC) exchange-traded fund (ETF), is finally launching its Bitcoin futures ETF.
09.11 / 14:03
business
Funding
Venture Capital
Three Arrows Capital, Jump Capital back $40M Neon Labs token sale
DeFi development firm Neon Labs has concluded a $40 million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on Solana, underscoring heightened investor demand for scalability and liquidity solutions in the rapidly growing decentralized finance market.
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