Month: June 2023

CME Group set to introduce ETH to BTC Ratio futures

boss

On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH) futures divided by the final settlement price of…

Fidelity submits renewed application for spot bitcoin ETF

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fidelity, the multi-trillion-dollar asset management firm, has once again filed paperwork for its Wise Origin Bitcoin Trust, a move that marks the company’s renewed pursuit of launching a spot bitcoin ETF. Fidelity Investments, the financial titan overseeing $11 trillion in assets under administration, has once again stepped into the arena of spot bitcoin ETF contenders. The move occurs in the wake of BlackRock’s iShares unit, an asset management company with nearly $9 trillion in assets under…

UK crypto bill reaches final stage, on track for passage

boss

A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law. Approved by the upper chamber of the U.K. parliament on June 19, the Financial Services and Markets Bill has been discussed in the British Parliament since July 2022 and is expected to increase legal clarity and support the adoption of cryptocurrencies in the…

ApeCoin DAO Votes In Two New Special Council Seats

“I deeply treasure my experience as an SC member for ApeCoin, it was full of experimentation, creative problem solving and innovating on the edge of a living breathing organism!” said Siu. “As an organization, Animoca Brands will continue to build and support the ApeCoin ecosystem including games that are going to support APE and I look forward to being a contributor to the DAO alongside all of you, in the trenches as part of the community.” Source

Israel Seizes Millions of Dollars Worth of Cryptocurrency Belonging to Its Enemies: Report

boss

The Israeli government says it has seized millions of dollars worth of cryptocurrency from accounts allegedly tied to financing two enemy groups. According to a new Associated Press report, Israeli Defense Minister Yoav Gallant issued the order for the seizure of cryptocurrency wallets and the transfer of millions of dollars worth of digital assets to the Israeli government. The wallets were allegedly associated with financial schemes tied to groups sworn to destroy Israel, the Hezbollah militant group and the Iranian paramilitary Revolutionary Guard’s elite Quds Force. Israel’s Mossad spy agency,…

Coinbase Files Motion To Dismiss SEC Case Against the Crypto Exchange

boss

Top US-based crypto exchange Coinbase is filing a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it. The SEC sued Coinbase earlier this month alleging that the platform was selling unregistered securities after it dubbed a number of crypto assets, such as Cardano (ADA), Solana (SOL), and Polygon (MATIC), as securities. However, Coinbase recently filed a motion with the Southern District of New York to dismiss the lawsuit, saying that the regulatory body lacks jurisdiction. In the filing, Coinbase argues that its transactions don’t qualify as…

LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

boss

The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision conference in Toronto. “2015 was basically unbearable. […] Nobody cared; there was nothing. This really doesn’t seem that bad to me,” Pellegrino said. LayerZero has seen surging use of its protocol, from 10,000 messages a day six months ago to 650,000 a day now, Pellegrino told Cointelegraph U.S. news editor Sam Bourgi. Its market is rapidly evolving.…

6 Factors Financial Advisors Should Consider Before Using an SMA for Crypto

Asset managers operating SMAs typically use cutting-edge tools, analytics platforms, and trading technologies to perform their daily job functions more efficiently and accurately. These resources, in turn, provide advisors with comprehensive market data, advanced risk management tools, and efficient execution capabilities. Leveraging such tools leads to better decision-making, improved portfolio performance, and enhanced risk management. Although effective, they can be expensive and require a significant allocation of resources for advisors to onboard and manage these systems by themselves. Original Source AdvisorsCryptoFactorsFinancialSMA CryptoX Portal