$5 trillion asset manager Fidelity applies for Bitcoin ETF FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). 2 min read →
SEC chair Gary Gensler says stablecoins are like ‘casino chips’
In his latest remarks about cryptocurrencies, the United States Securities and Exchange Commission chair, Gary Gensler, has compared stablecoins to instruments for gambling at old-timey casinos. Stablecoins like poker chips This came on Tuesday while Gensler spoke with David Ignatius, a columnist with Washington Post; he said several cryptocurrency projects fall under securities that SEC…
Coinbase cancels lending product due to SEC threat
66% of all Dogecoin (DOGE) holders are ‘in profit,’ data shows The majority of current Dogecoin (DOGE) holders are reaping profits as the most famous meme token rallied 24,7% during the past seven days, while the price of Ethereum (ETH) grew 18,9% and the price of Bitcoin (BTC) rose 15,5%. 1 read →
Gary Gensler urges crypto exchanges to register with SEC. Says investors ‘will be protected’
In a new press statement, the United States Securities and Exchange Commission boss Gary Gensler has begged crypto exchanges operating under his radar and within the country’s shores to ensure the safety of the investments of their investors by registering with the SEC. Gensler calls on exchanges to register Gensler made the plea as part…