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Bitcoin headed towards the consolidation phase on Friday following months of a downward trend and an epic sell-off in January. Investors are feeling optimistic about the potential for cryptocurrencies to become a mainstream form of payment, and Russia may be helping them along. Since September, the crypto market had its longest
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“Our approval of Evertas’ coverholder application is an example of collaboration between Lloyd’s insurer Arch and their new distribution partner on an innovative solution aimed at facilitating the growth of an industry sector previously hindered by a lack of risk transfer options,” said Hank Watkins, president of Lloyd’s in the
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Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission's, or SEC's, rejection of its Wise Origin Bitcoin Trust spot exchange-traded fund (ETF) on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are for the Fidelity Crypto Industry and Digital
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, has received the green light from the U.S. Securities and Exchange Commission (SEC) to operate a blockchain based securities exchange.BSTX is aiming for immediate or accelerated settlement (T+0 or T+1) thanks to the transactions taking place on
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Fidelity Investments has filed an application for a Metaverse ETF, aiming to track public companies with exposure to the blockchain-based network of three-dimensional, virtual realities.The Fidelity Metaverse ETF will track the Fidelity Metaverse Index, which tracks “the performance of a global universe of companies that develop, manufacture, distribute, or sell
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The approval allows Gemini Galactic to operate an alternative trading system (ATS), which will facilitate the trading of “digital asset securities,” said Gemini, adding that such assets are subject to U.S. securities laws, like traditional stocks and bonds, and therefore can only be bought and sold through a licensed broker-dealer. Source
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Binance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed. Binance Receives In-Principle Approval in Bahrain Crypto exchange Binance announced Monday that it has
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Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider.Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The
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Even as India waits for parliamentary discussion to begin on a bill that may ban or limit cryptocurrency, Navi Mutual Fund has applied for approval of a Blockchain Index Fund of Funds (FoF) that does not directly invest in cryptocurrencies or crypto exchanges, according to a report by Bloomberg Livemint.
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