Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill […] Original
Month: March 2024
SEC in ‘Enforcement-Only Mode’ for Crypto, Commissioner Peirce Says at ETHDenver
Since joining the SEC in 2018, Peirce, a lawyer, has openly advocated for crypto in the face of skepticism from many of her colleagues, including current Chair Gary Gensler. While prefacing her remarks with a “these views are my own” disclaimer, Peirce spoke openly about her frustration with the regulator’s willingness to seemingly pass judgment on crypto as an asset class. Source
ICO finds the Home Office’s pilot of GPS electronic monitoring of migrants breached UK data protection law
Home Office pilot scheme failed to assess privacy intrusion of GPS monitoring Government did not provide migrants on the pilot scheme clear information on what data it was collecting and why Information Commissioner says it’s crucial the UK has ‘appropriate checks and balances in place to ensure people’s information rights are respected’ The Information Commissioner’s Office (ICO) has issued an enforcement notice and a warning to the Home Office for failing to sufficiently assess the privacy risks posed by the electronic monitoring of people arriving in the UK via unauthorised…
Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures
Data shows the cryptocurrency futures market has seen liquidations amounting to $700 million in the past day as Bitcoin has gone through its volatility. Bitcoin Has Seen Intense Price Action In Past 24 Hours The past day has been a bit of a rollercoaster for Bitcoin, with the asset registering sharp price action in both directions but ultimately going up as the bulls win out. The chart below shows what the price action for the cryptocurrency has looked like recently. The price of the asset seems to have enjoyed sharp…