Fidelity Investments Lobbies SEC for Bitcoin ETP Approval

Key Takeaways Fidelity has met with SEC officials in a private meeting to seek approval for its Bitcoin ETP. The firm is one of the largest financial services corporations in the world, managing over $4.2 trillion in assets. Multiple other firms have filed for similar Bitcoin ETPs, but none have been approved by the SEC… Continue reading Fidelity Investments Lobbies SEC for Bitcoin ETP Approval

FCA Outlines Plan to Tackle Investment Scams

The Financial Conduct Authority (FCA), UK’s financial regulatory body, today announced a new strategy to tackle investment scams. The authority is also planning to take several measures to encourage investment in regulated financial instruments. According to the recently introduced strategy, FCA aims to halve the number of consumers who are investing in high-risk products by… Continue reading FCA Outlines Plan to Tackle Investment Scams

Ask us: On investments

Basic exemption limit for super senior citizens is ₹5,00,000. In other words, ₹5,00,000 of your taxable income is taxed at 0%. Q. I am a senior citizen having pension and interest income. Recently, I redeemed some mutual funds possessed by me from 2017 onwards. Since I possessed them for more than 3 years, I presume… Continue reading Ask us: On investments

Fidelity Investments Purchases Stake in Bitcoin (BTC) Mining Operations Firm

Fidelity Investments continues to embrace bitcoin (BTC) with the latest development being its purchase of 7.4% worth of stake in one of the largest bitcoin mining operations in North America, Marathon Digital Holdings. Fidelity Buys Stake in Marathon Digital Holdings Wall Street giant Fidelity Investments has purchased a 7.4% stake in Marathon Digital Holdings across… Continue reading Fidelity Investments Purchases Stake in Bitcoin (BTC) Mining Operations Firm

U.S. gives investors more time to buy, sell securities in Chinese-military linked companies

FILE PHOTO: U.S. President Joe Biden delivers remarks on the April jobs report from the East Room of the White House in Washington, U.S., May 7, 2021. REUTERS/Jonathan Ernst WASHINGTON (Reuters) -The Biden administration gave investors two more weeks to buy or sell securities in certain companies tied to the Chinese military, the U.S. Treasury… Continue reading U.S. gives investors more time to buy, sell securities in Chinese-military linked companies

U.S. stock funds shed $7.7 billion, ending four-week inflow streak -Lipper

FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, is seen across from the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. REUTERS/Andrew KellyNEW YORK (Reuters) – U.S.-based equity funds posted a $7.7 billion net outflow in the… Continue reading U.S. stock funds shed $7.7 billion, ending four-week inflow streak -Lipper

Grayscale Investments now controls 2.4% of the current BTC supply

Crypto fund manager Grayscale Investments has increased the assets under management in its Bitcoin Trust by more than $180 million over the past week. According to data from information platform Bybt, Grayscale added 17,100 Bitcoin (BTC) to the firm’s Bitcoin Trust in the last seven days. The company now has 449,900 total coins under management… Continue reading Grayscale Investments now controls 2.4% of the current BTC supply

Grayscale Investments Enjoys Its Best Week Ever After National Ad Blitz

Grayscale Investments had its best fundraising week in history following an ad blitz on a number of major television networks. According to the company’s CEO Barry Silbert, Grayscale netted $217 million in investments in the days following the campaign.  The firm’s Bitcoin Trust Fund was the biggest contributor to the success, adding  14,422.01411512 Bitcoin (BTC)… Continue reading Grayscale Investments Enjoys Its Best Week Ever After National Ad Blitz

How Grayscale Investments Sells Bitcoin to Financial Advisors

In a webinar hosted by InvestmentNews, Grayscale Investments’ managing director, Michael Sonnenshein, and financial consultant, Tyrone Ross Jr., educated financial advisors about the benefits of crypto investments. A slide from Sonnenshein’s presentation. Grayscale offers ten crypto related investment products with its Bitcoin Trust, or GBTC, being by far the largest. Currently, it holds close to… Continue reading How Grayscale Investments Sells Bitcoin to Financial Advisors

Grayscale Investments Received Approval To Start Offering LItecoin And Bitcoin Cash

Grayscale investments will now be able to offer clients the possibility to exchange and handle Litecoin (LTC) and Bitcoin Cash (BCH), three of the largest and most popular cryptocurrencies in the world. The information was officially released by Grayscale Investments in a press release on July 20.  Grayscale Investments Offering Cryptocurrencies to Clients As informed… Continue reading Grayscale Investments Received Approval To Start Offering LItecoin And Bitcoin Cash

Ray Dalio Bashes Cash, Doesn't Mention BTC Alternative

In a recent TED interview, Bridgewater Associates co-chairman and co-CIO, Ray Dalio, labeled cash as a risky place to park wealth, although he failed to mention Bitcoin (BTC) as an alternative.  “Do not think that cash is a safe investment,” Dalio told TED interviewer Corey Hijam in an April 9 interview.  “Cash is a seductive… Continue reading Ray Dalio Bashes Cash, Doesn't Mention BTC Alternative

Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May

Law firm Robbins Geller Rudman & Dowd LLP announced on April 7 that the lead plaintiff motion deadline in the Canaan securities IPO class action lawsuit was set for May 4, 2020. The Canaan’s litigating stakeholders in the “Lemieux v. Canaan Inc.” case are expected to decide who will represent their interests, as they were accused… Continue reading Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May

Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets

While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news. Referred to as one of the most promising crypto-related initiatives for its physically settled Bitcoin (BTC) futures, Bakkt has now raised an additional $300 million to continue developing digital asset-focused services, the firm’s new CEO Mike Blandina… Continue reading Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets

Fidelity names veteran Maggie Serravalli as CFO

(Reuters) – Fidelity Investments named company veteran Maggie Serravalli as chief financial officer, replacing Gerard McGraw, according to a note viewed by Reuters. Serravalli, 58, has been with the investment manager for 13 years and will oversee finance as well as tax, treasury, human resources, real estate, government relations and corporate communications teams, Chairman Abigail… Continue reading Fidelity names veteran Maggie Serravalli as CFO

Blockchain Firm AVA Labs Acquires Private Investments Platform Investery

Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations. AVA Labs told Cointelegraph on Feb. 27 that the acquisition will enhance its financial offering by enabling access to private asset platforms and the issuance of private financial assets. Furthermore, Investery’s existing partnerships will also transition over to AVA. An expansion… Continue reading Blockchain Firm AVA Labs Acquires Private Investments Platform Investery

China’s Total Blockchain Investments Dropped 40% in 2019 Compared to 2018

Chinese blockchain spending in areas of investment and financing deals has dropped over 40% in 2019, according to a new study by state-run sources. Over the course of 2019, China totally had 245 investment and financing deals, which is nearly 60% less than in the preceding year. Chinese blockchain investment spending has seen the biggest… Continue reading China’s Total Blockchain Investments Dropped 40% in 2019 Compared to 2018

OKEx Launches Bitcoin Options Trades for Select Clients Ahead of January Launch

Malta-based cryptocurrency exchange OKEx has launched Bitcoin (BTC) options trading for a select group of traders ahead of a public launch in January 2020. In a press release shared with Cointelegraph on Dec. 26, the exchange — currently ranked third-largest by daily trading volume globally — has indicated that the new contract will be settled… Continue reading OKEx Launches Bitcoin Options Trades for Select Clients Ahead of January Launch

UK property funds suffer worst week since Brexit referendum

A dash for the exit by investors has left UK property funds nursing their worst week of withdrawals since the Brexit referendum, and raised fears that further funds may be forced to close. Last week M&G, one of the UK’s biggest asset managers, shocked small investors when it blocked withdrawals (called ‘redemptions’) from its high-profile… Continue reading UK property funds suffer worst week since Brexit referendum

Utility Warehouse: is its ‘life-changing’ scheme really ab fab?

A money-making scheme being promoted by Joanna Lumley says it can help people achieve a “life-changing” income – and claims those who climb to the top of the “Stairway to Success” can earn up to £1m a year. Yet Guardian Money found that the average amount being earned is less than £12 a week –… Continue reading Utility Warehouse: is its ‘life-changing’ scheme really ab fab?

ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15. Cassatt, who has been at the firm for… Continue reading ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

Crypto Trading Platform Will Allow Users to Copy Established Traders

The crypto trading platform eToro is preparing to launch a new feature that will enable users to automatically copy every trade made by its top traders.  The team at eToro says CopyTrader, which has already launched in the U.S. in October, will create a marketplace where consumers have the opportunity to find and emulate the… Continue reading Crypto Trading Platform Will Allow Users to Copy Established Traders

Grayscale: Q3 Saw Record High Inflows, Growing Institutional Interest

Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on the inflows into its products for the period from July 1, 2019 through Sept. 30, 2019. The third quarter of the… Continue reading Grayscale: Q3 Saw Record High Inflows, Growing Institutional Interest

Peter Thiel-Backed Investment Fund 1Confirmation Raises $45 Million

Crypto investment fund 1Confirmation, backed by tech billionaire Peter Thiel, has raised $45 million for its second fund. Following the raise, 1Confirmation has over $75 million in assets under management for investing in new projects in the crypto industry, the firm’s founder Nick Tomaino announced on Sept. 25. San Francisco-based 1Confirmation is one of the… Continue reading Peter Thiel-Backed Investment Fund 1Confirmation Raises $45 Million