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Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...
Capital Management CEO; Bitcoin will Survive Germany Dump
10.7.2024
The industry has held its breath for a couple of weeks due to the FUD that the massive Bitcoin selling by the German government and Mt. Gox will tank the market. That narrative may work for some, but not Anthony Pompliano. Capital Management CEO Anthony Pompliano believes that BTC holders will...
Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto
10.7.2024
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto
Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm
10.7.2024
Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be completed this month, will provide Zodia Markets with...
Asset Manager Digitalx Set to Launch Second Bitcoin ETF on Australia’s Main Stock Market
10.7.2024
On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by ASX. Digitalx Set to Debut Australia’s...
Bitwise files amended Ethereum ETF S-1 — experts predict July launch
3.7.2024
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July
The Case for Crypto Index Funds
3.7.2024
There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill
Fidelity, Sygnum partner with Chainlink to bring NAV data onchain
3.7.2024
The partnership will make the Net Asset Value of Fidelity’s $6.9 billion Institutional Liquidity Fund accessible onchain in real time
Worldcoin Hires Former Google, X and Apple Execs to Beef Up Privacy, Security
2.7.2024
Tools for Humanity (TFH), a contributor to the Worldcoin project, hired four executives to advance its mission to ensure a more just economic system, the company said on Tuesday
US Marshals Service Taps Coinbase for Digital Asset Management
1.7.2024
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...
Abra Launches Treasury Service for Corporates That Want to Hold Crypto
1.7.2024
The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions
Solana ETF possible with a change in POTUS, SEC: Balchunas
28.6.2024
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF
State Street Partners With Galaxy Asset Management to Create New Crypto ETFs
27.6.2024
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...
State Street Global Advisors link up with Galaxy Asset Management
27.6.2024
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...
Investcorp announces real-world asset tokenization fund
26.6.2024
Investcorp's Strategic Capital Group (ISGC) currently has $1.5 billion in assets under management and will handle the collaborative deals
Ava Labs brings intellectual property management to K-pop industry
25.6.2024
According to a market report from Allied Research, the South Korean pop music industry will be valued at $20 billion by 2031
Bernstein Predicts Lukewarm Demand for US Spot Ethereum ETFs
25.6.2024
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...
Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
24.6.2024
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests...
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
24.6.2024
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
24.6.2024
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising...