Samsung Asset Management Co., Ltd., a Seoul-based investment arm of Samsung Group, announced on Thursday that it plans to list a Blockchain exchange-traded fund (ETF) on the Hong Kong Exchange (HKEX) in the first half of this year, according to the Korea Economic Daily. The Samsung Groupโs investment subsidiary said that the new investment product is the first ETF that will track cryptocurrencies and blockchain tech companies listed in Asia. The listing plans follow the Samsung asset management companyโs acquisition of a 20% stake in US ETF sponsor Amplify Holding…
Month: April 2022
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Bipartisan bill to give CFTC authority over exchanges and stablecoins
A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson and Tom Emmer with support from Democrat co-sponsors Darren Soto and Ro Khanna. The updated version includes a section covering stablecoin providers, who can register as a โfixed-value digital commodity operator.โ These operators would be…
Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia
Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory scheme in Australia. Last year he fronted the Senate Committee on Australia as a Technology and Financial Center (ATFC) which tabled 12 extensive regulatory proposals relating to taxation, decentralized autonomous organizations (DAOs) and company licensing. Two months later, Treasurer Josh…
I'm A Teenage Metaverse Millionaire | The Blockchain Boy
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Lucas Dimos is a crypto content creator, co-founder of CryptoKnight.io, and Business Development Officer for InfinityPad. Lucas combines fundamentals-based investing and an industry insider’s perspective on cryptocurrency, the markets, and the future of technology to craft a holistic approach to blockchain & crypto in my content. listen on iTunes – Spotify – help us make more money: sponsors – Use code KONCRETE at checkout to get a free koozie 2-pack with a 12-pack purchase. danny music koncrete โถ Coinbase Website: Coinbase.com โถ…
Bitcoin Nears Psychological Barrier, Here’s What To Look Out For
The cryptocurrency market has had another wild week, with the price of Bitcoin (BTC) hitting a new multi-month low of $37,700. The stock market also experienced a significant sell-off, owing to investor concerns over the size of the Federal Reserveโs next rate hike. While the price of Bitcoin has fallen 41.72 percent from its all-time high of $69,000, a deeper look into various on-chain and derivatives data suggests that a decline in inflows and the shift from institutional investors are the key factors influencing BTC price behavior. Bitcoin Stumbles On…
We Want to Be a Responsible Global Crypto Hub โ Regulation Bitcoin News
The Monetary Authority of Singapore (MAS), the countryโs central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. โIt needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,โ said the central bank chief. Singaporeโs Crypto Regulation Needs to Be โStringentโ Monetary Authority of Singapore (MAS) Managing Director Ravi Menon talked about cryptocurrency regulation at the Financial Times Crypto and Digital Asset Summit Wednesday.…
Dogecoin Displays A Falling Wedge Pattern; Here’s What It Means
Dogecoin was struggling beneath its immediate resistance mark over the past 72 hours. The meme coin was seen consolidating on its charts. In the last 24 hours, Dogecoin barely displayed any price action. Bitcoin was seen trading above the $40,000 mark finally which displayed signs of strength, altcoins were yet to follow the same price action. The current price movement of Doge has managed to invalidate its recent rally. If the coin manages to break past the $0.151 mark, the coin can begin to rally again providing respite to traders.…
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Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
Goldman Sachs has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St.ย A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by Bitcoin (BTC) owned by the borrower for the first time in Goldman Sachsโ history. She added that the deal was particularly interesting because of its structure and 24-hour risk management. Such a loan allows for a Bitcoin holder to borrow fiat currency such as the US dollar, by fronting up their BTC as collateral…