ETF providers need to be selective since much of the crypto is quite questionable, says REX CEO.
Considerations for Crypto ETFs The publisher of Crypto Exchange-Traded Funds needs to be cautious when deciding which cryptocurrencies to include in their offerings. It seems that beyond the top ten, the crypto market is, well, quite tough. “Crypto is pretty rough under the top 10,” remarked ETF IQ on Monday. There are significant decisions that […]
Canary Capital Submits “American-Made” Crypto ETF While Waiting on SEC Decisions
Canary Capital Group Files for New Crypto ETF Canary Capital Group, a digital asset investment firm in the United States, has submitted a filing to the Securities and Exchange Commission (SEC) to create the Canary American-Made Crypto ETF (MRCA). The application, filed on Friday, outlines that the fund will monitor cryptocurrency indexes which are created, […]
Crypto ETPs experience $1.4B in losses due to recent sell-offs of Bitcoin and Ether
Last week, the trend of inflows into cryptocurrency investment products took a sharp turn, experiencing notable outflows as prices for Bitcoin and ether declined. After a two-week inflow totaling $4.3 billion, the Global Crypto Exchange Trade Products (ETP) recorded a $1.43 billion outflow, as reported on Monday. The drop primarily affected Bitcoin, with its price […]
Sherrod Brown confronts a strengthened crypto industry in his effort to return to power
Former Senator Sherrod Brown (D-Ohio) has entered the race once again, fueled by his recent political experiences and a hefty financial backing. He announced his campaign for the Senate seat previously held by Senator John Husted (R-Ohio) on Monday, aiming to reclaim his position after losing it last fall. The crypto industry, which spent around […]
Bitcoin 401(k)s excite crypto investors but come with significant risks.
Trump Signs Executive Order on 401(k) Crypto Investments On August 7th, US President Donald Trump signed an executive order enabling the inclusion of cryptocurrencies in 401(k) retirement plans. The crypto sector is calling this a significant victory, but investment professionals caution that it brings considerable risks. The order, titled “Democratized access to alternative assets for […]
SBI Group and Chainlink collaborate to introduce crypto technology to finance in Asia.
Update (August 25, 3:50am UTC): This article includes new comments and details regarding SBI’s partnerships. The Japanese financial conglomerate SBI Group has teamed up with the blockchain Oracle Platform Chainlink to develop cryptographic tools for financial institutions in Asia. On Sunday, SBI noted that their collaboration with Chainlink emphasizes “the important use cases for Japan […]
Thomson heiress ended her friendship and harmed her best friend after investing $80M in a crypto deal based on a psychic’s suggestion, according to reports.
The heir of one of Canada’s richest families is taking legal action against her former best friend, stating that she’s lost everything and is now resorting to driving for Uber while representing herself in court. Taylor Thomson, 66, a member of the billionaire Thomson family, was once inseparable from Ashley Richardson, 47, a California mother. […]
Custodia Bank’s CEO cautions that traditional finance companies are about to experience their first crypto winter.
Concerns About Institutional Investors and Crypto Risk Management Caitlin Long, the CEO of Custodia Bank, has expressed concerns regarding institutional investors in the traditional financial sector. She believes they lack a modern risk tolerance model to effectively navigate the complexities of cryptocurrency, especially with a bear market potentially on the horizon. During her talk at […]
Crypto sentiment shifts back to Greed as Bitcoin and Ether rise following Fed speech
Crypto Market Shifts to “Greed” Amid Fed Commentary This past Saturday, cryptocurrency sentiment bounced back to “greed” as the market surged, sparked by dovish remarks from US Federal Reserve Chair Jerome Powell earlier in September, which ignited speculation regarding potential interest rate cuts. The crypto fear and greed index, a measure of overall sentiment in […]
IRS Crypto Team Leader Resigns as U.S. Tax Reforms Approaching for Digital Assets
IRS Digital Assets Head Departs Amid New Tax Regulations The leader of the IRS’s digital assets unit, Trish Turner, has stepped down from her role in the private sector, coinciding with the introduction of new tax policies expected to create significant work for agencies regarding cryptocurrencies. It’s unclear who will oversee the office following her […]