Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has announced that it is ready to receive applications for spot crypto exchange-traded funds (ETFs). In collaboration with the Hong Kong Monetary Authority, the SFC has reviewed its policy for intermediaries involved in virtual asset-related activities.The SFC is now prepared to accept applications for the […]
Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. This is a significant development as Paxos has previously only been authorized to issue its Pax Dollar stablecoin on the Ethereum network due to restrictions imposed by the DFS. The debut […]
The community of Curve Finance, a decentralized finance (DeFi) protocol, has voted to reimburse liquidity providers (LPs) who were affected by a $61 million hack in July. The vote, which saw 94% of tokenholders approve the disbursement of tokens worth over $49.2 million, aims to cover the losses incurred by the Curve, JPEG’d, Alchemix, and […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have admitted to making errors in court filings regarding a mining software firm, Debt Box. The SEC had previously claimed that Debt Box closed certain bank accounts and planned to relocate to the United Arab Emirates in an alleged attempt to escape the commission’s jurisdiction. […]
The decentralized finance (DeFi) protocol BarnBridge has reached a settlement with the United States Securities and Exchange Commission (SEC) after being accused of conducting an unregistered sale of structured finance crypto products. As part of the settlement, BarnBridge has agreed to cease the offer and sale of these products.BarnBridge allowed users to earn a fixed […]
Ikigai, an asset management firm, has sold its claim in the bankruptcy proceedings of cryptocurrency exchange FTX. The firm revealed that a majority of its hedge fund’s assets were on FTX when it collapsed. The Chief Investment Officer of Ikigai, Travis Kling, stated that the firm sold a $65 million claim to its FTX funds […]
The Securities and Futures Commission (SFC) of Hong Kong and the Hong Kong Monetary Authority (HKMA) have issued new rules allowing investment funds, brokerages, and asset managers to offer Crypto ETFs. These exchange-traded funds track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto industry.Investing in a crypto ETF […]
Cryptocurrency exchange Coinbase has been granted approval to operate as a Virtual Asset Service Provider (VASP) in France. This registration allows Coinbase to offer a wide range of products and services to retail, institutional, and ecosystem clients in the country. The approval comes as Coinbase continues to expand its presence in Europe and positions itself […]
LGT, a wealth management company, has successfully acquired Abrdn’s discretionary fund management business in the UK and Jersey. The deal, valued at £140m, was announced in February and has now been finalized. As a result of this acquisition, LGT Wealth Management, the UK-based wealth arm of LGT, will take on Abrdn Capital’s 4,000 clients and […]
The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost $50 million. However, the SEC admitted that its legal counsel made inaccurate representations during a hearing in July, which allowed the SEC to […]
