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US Marshals Service Taps Coinbase for Digital Asset Management


The U.S. Marshals Service (USMS) has chosen Coinbase Prime to safeguard and trade its “Class 1” (large cap) digital assets. This decision by a division of the U.S. Department of Justice comes after a thorough evaluation process. What This Means for Coinbase and the Crypto Industry This...

Treasury and IRS Announce Digital Asset Tax Reporting Regulations


The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate...

SEC Charges Consensys With Violating Federal Securities Laws


The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities offerings. The SEC’s complaint highlights...

State Street Partners With Galaxy Asset Management to Create New Crypto ETFs


State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more...

US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains


U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading...

State Street Global Advisors link up with Galaxy Asset Management


State Street Global Advisors forms an association with Galaxy Asset Management for providing investors new age online asset oriented exposure, other than just crypto and bitcoin. They will be introduced to fresh ways of making investments in online assets. They will have at their disposal...

Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs


Market strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback...

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