Investments Financial News

06.07 / 10:27

business Adoption Investments Venture Capital cryptocurrency investment VC funding Execs remain positive on long-term prospects amid VC funding downturn

As crypto prices remain at lower levels, venture capital (VC) funding also recorded one of its worst quarters since 2021. Despite this, executives in the space remain optimistic about the industry’s long-term potential.

05.07 / 20:45

Government Payments regulation Investments Taxes IMF IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them

Governments have yet to address all the ways crypto might be taxed, the International Monetary Fund (IMF) has realized, and the amount of taxes not imposed or collected may reach well into the tens of billions of dollars. That insight does little to reduce the variety of challenges in taxing crypto, however.

05.07 / 16:19

ETF regulation Investments SEC Asset management spot bitcoin valkyrie 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.

05.07 / 12:33

Blockchain defi Investments Commodities Investment How blockchain technology and DeFi could help solve the housing crisis

The prices of houses are sky-high all around the world, and homebuyers are feeling the pain. While affording a home has never been more difficult for many people, the ability to raise funds to construct new homes has never been easier, thanks to decentralized finance (DeFi). The newly launched Home Construction Collective is attempting to leverage blockchain’s coordination and fundraising potential in an effort to fund the construction of, and therefore increase the supply of, affordable homes.

04.07 / 16:29

ETF Investments Analysis Opinion Bitcoin Bitcoin Price bitcoin etfs Bitcoin ETFs: Even worse for crypto than central exchanges

Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the SEC for Bitcoin-based ETFs. Meanwhile, HSBC has become the first bank to offer Bitcoin (BTC) and Ether (ETH) ETFs to customers in Hong Kong.

04.07 / 14:33

Adoption Investments exchanges stock exchange Bitcoin Stock Investment Bitcoin ETF race begins: Has institutional trust returned to crypto?

With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run.

04.07 / 03:37

business Adoption ETF Investments Grayscale data Bitcoin Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023.

03.07 / 21:33

business ETF Investments SEC coinbase spot bitcoin BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

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.

30.06 / 18:49

ETF Investments Wall Street Bitcoin Regulation Bitcoin Stock Investment Don’t be naive — BlackRock's ETF won't be bullish for Bitcoin

There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere, they say. It could bring Bitcoin exposure to the masses, they holler.

29.06 / 05:25

business ETF Investments Bitcoin Stock Investment Returns BlackRock lauds AI as ‘mega force’ to drive returns

Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force” that could create significant returns for investors in today’s “unusual” market.

28.06 / 18:49

business regulation Investments Ark Bitcoin Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application

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.

27.06 / 04:11

business Robinhood Investments cryptocurrency investment Stock Investment Time Robinhood to axe 7% of full-time staff in latest round of layoffs: Report

Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.

27.06 / 04:11

ETF Investments CoinShares Bitcoin $27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO

There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto.

23.06 / 20:47

business ETF Investments SEC Bitcoin Regulation Leverage Volatility Shares Trust aims for listing of leveraged Bitcoin futures ETF

A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged Bitcoin futures ETF.

23.06 / 19:29

business Investments Venture Capital FTX Sequoia partner says investing in FTX was the right move: Report

American venture capitalist Alfred Lin, a partner at Sequoia Capital, stood up for the firm’s multimillion-dollar investment in the now-bankrupt crypto exchange FTX.

23.06 / 15:59

business Investments Circle Banks Silicon Valley Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March.

22.06 / 23:57

business Investments Fraud FTX Bankruptcy Fried FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.

22.06 / 19:23

business Blockchain Technology Stablecoin Investments TrueUSD TrueUSD assures users it has no exposure to troubled Prime Trust

On June 22, TrueUSD announced on Twitter that its TUSD stablecoin had “no exposure” to the troubled Prime Trust, which is reportedly facing regulatory challenges.

22.06 / 16:47

business Blockchain Technology Investments Web3 Digital Asset BitGo terminates acquisition of Prime Trust

On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:

22.06 / 09:45

business Adoption ETF Investments Bitcoin Bitcoin Equities ETF hits Euronext Amsterdam stock exchange

The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks.

22.06 / 03:45

business Adoption ETF Investments SEC Wall Street Bitcoin 'The Great Accumulation' of Bitcoin has begun, says Gemini's Winklevoss

Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits.

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