Category: ICO

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

“This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform to offer this service.” Source

UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market

The U.K.’s Financial Conduct Authority (FCA) said it will not object to requests from Recognised Investment Exchanges (RIEs) to build a listed market segment for crypto asset-backed exchange-traded notes (ETNs), the regulator said in a press release on Monday, a further sign of the increased institutionalization of cryptocurrency markets. The products would be available to professional investors, including investment firms and credit institutions, the FCA said.ETNs are a type of exchange-traded product, often issued by a bank or an investment manager, that tracks an underlying index or assets. Source

Bitcoin (BTC) Prices Cross $70K, Hits New Highs

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Wyoming Grants DAOs New Legal Structure

Miles Jennings, general counsel at a16z Crypto, called it a “major breakthrough” that will give the groups “much-needed protections and empower them to keep blockchain networks open,” according to a blog entry posted Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNAs) will help the blockchain stewards ensure “that the network remains open, that it does not discriminate and that it does not unfairly extract value,” Jennings contends. Source

Appeals Court Revives Aspiring Class Action Lawsuit Against Binance

In a statement, plaintiffs’ attorney Jordan Goldstein, a partner at Selendy Gay, said, “On behalf of investors who traded on Binance, we are pleased that a Second Circuit panel has unanimously acknowledged the strength of our claims and permitted this action to proceed. We look forward to prosecuting this class action against Binance and its founder Changpeng Zhao.” Source