Crypto asset manager Bitwise files for first XRP exchange-traded fund
Shah Gilani, chief investment strategist at Money Map Press, spoke before the opening bell about his outlook for the market and why he bought Coinbase at Varney & Company. Crypto asset management company Bitwise has filed an initial registration statement with the Securities and Exchange Commission, indicating its intention to launch an XRP exchange-traded fund, […]
Largest US asset managers cut support for climate change proposals
The three biggest U.S. asset managers reportedly scaled back shareholder support for so-called ESG proposals during the last voting period following Republican backlash over their controversial investment policies. BlackRock, State Street and Vanguard, which hold roughly 20% of all companies in the S&P 500, have backed fewer environmental, social and governance resolutions compared to last […]
SEC backtracks on ‘crypto asset securities’ claim in Binance suit – crypto.news
In an amended complaint against cryptocurrency exchange Binance and its former CEO Changpeng Zhao, the U.S. Securities and Exchange Commission said it never intended to classify cryptocurrencies as securities. While expanding Binance Litigation In response to the request to include the three additional tokens, the Securities and Exchange Commission withdrew the “cryptocurrency securities” assertion it […]
‘Putting In The Work’: Republicans View JD Vance As Invaluable Asset As Campaign Enters Home Stretch
Republicans believe former President Donald Trump made the right choice in selecting Ohio Sen. J.D. Vance as his running mate as the election enters the fourth quarter. Vance has spent the last few weeks of August campaigning, battling a hostile media and contrasting himself with Vice President Kamala Harris, who has dodged the press. But […]
Custodia Bank laying off employees as Biden admin’s crypto crackdown weighs on digital asset industry
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. The Biden administration's tightening of regulations on cryptocurrencies has led to major restructuring at some of the smaller but better-known crypto banks. Custody Bank, a Wyoming-based financial institution that provides banking services to cryptocurrency companies, notified employees on Thursday […]
‘Great asset’: Radical Dems, socialists thrilled by Harris’ VP pick Tim Walz
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Ethereum ETF countdown: Bitwise CIO sees 'birth of a new asset class' – CNBC
Wall Street is bracing for a new set of cryptocurrency exchange-traded funds: Ethereum. Pending approval from the U.S. Securities and Exchange Commission, a spot Ethereum ETF could hit the market as early as this week, and Bitwise Asset Management’s Matthew Hogan plans to get in on the action. “This is kind of the birth of […]
Paramount Global reveals more layoffs, asset sales on the way
Paramount Global executives have warned of further job cuts as part of a $500 million cost-cutting plan to stem a “totally unacceptable” decline in the media giant’s profitability. About 500 employees learned of the tough plans, which also include revamping the Paramount+ streaming service and hiring bankers to sell unspecified assets, during an all-hands meeting […]
If you're grabbing tax-free income from this asset, you may be sacrificing yield – CNBC
Municipal bonds are gaining popularity among investors seeking tax-exempt income, but investors should be cautious about making investment decisions solely on the basis of tax savings. This week, Wells Fargo Investment Institute highlighted the appeal of municipal bonds as the Federal Reserve prepares to cut interest rates. When yields fall, bond prices rise, and when […]
Donald Trump Refers to Himself As ‘The Crypto President’ in Bid for Donations From Digital Asset Sector: Report – The Daily Hodl
Former President Donald Trump continues to promote himself as a crypto-friendly candidate in an effort to secure donations from the digital asset industry. Trevor Traina, a technology executive, tell “I’m going to be the cryptocurrency president,” Trump said at a recent fundraiser in San Francisco, according to Reuters. Traina previously served as the U.S. ambassador […]