US Crypto Firms Will Soon Have Another Banking Option

Bitcoin jumped past $25.700, a more than 1.3% gain, in the hour after the iShares unit of fund management powerhouse BlackRock (BLK) filed paperwork Thursday afternoon with the U.S. Securities and Exchange Commission (SEC) for the formation of a spot bitcoin (BTC) ETF.Bitcoin dipped below $25,000 just a day earlier for the first time in…

The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.James McDowall, Founding Partner at Arcanum CapitalFeb 15, 2021 at 2:00 p.m. UTCNew Emerging Markets Fund Targets Blockchain, DeFi StartupsAsset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving…

news Bitwise has tapped Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF). The company filed an amendment to its Bitwise Bitcoin ETF S-1 form on Wednesday, listing BNY Mellon as the administrator and ETF custodian, Foreside Fund Services as the marketing agent and…

news Analysts at Canaccord Genuity expect to see a little bit of history repeating. In a research note sent to the investment bank’s clients Thursday, analyst Michael Graham and associates Matthew Volpe and Alexander Frankiewicz predicted a return to bitcoin’s stratospheric late-2017 high over the next 24 months. They wrote: Now four months into 2019,…

NEWS Aug 29, 2018 at 09:30 UTC Bithumb, one of the largest cryptocurrency exchanges in South Korea, is reportedly renewing its contract with the country's Nonghyup Bank – a move that will allow the firm to once more accept new account registrations. Korean news agency Yonhap reports on Wednesday that Bithumb and Nonghyup are planning…

The discount on the Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin (BTC) fund, has slipped to its lowest level since April 2021, ahead of an expected conversion to a spot bitcoin exchange-traded fund (ETF).Data shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021. The

Good morning. Here’s what’s happening:Prices: Meme coins soar as crypto giants stumble amid mixed market signals in AsiaInsights: North Carolina and Florida have both voted to ban CBDCs. Welcome to the wedge issue of the 2024 election.As the East begins its trading day, crypto is confused.Bitcoin is down 0.5% to $28,869 and ether is down…

Jul 15, 2020 at 07:22 UTCBritish bank Standard Chartered has invested in Metaco, a crypto custodian focused on the institutional market. The Series A round was oversubscribed, twice, due to high demand; the funding will primarily go toward expansion to the U.S., Western Europe, and Southeast Asia, according to a press release. Metaco's main product…

The U.S. Department of Justice (DOJ) arrested a security engineer on wire fraud and money laundering charges, alleging he stole $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange.The DOJ alleged that Shakeeb Ahmed was able to "fraudulently obtain" $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange (DEX) by creating…