Bitwise has chosen BNY Mellon to act as transfer agent and administrator for its proposed Bitcoin exchange-traded fund. Bank of New York Mellon has been appointed to serve as transfer agent and administrator of Bitwise Asset Management’s proposed Bitcoin (BTC) exchange-traded fund (ETF). Bitwise amended the S-1 form that it submitted to the United States […]
Continue Reading
The age-old strategy of arbitrage capitalizes on price imbalances between markets — but how does it work in the cryptocurrency world? So, is crypto arbitrage worth the effort? The jury is out on this one. People who have plenty of experience in the marketplace — and know how to identify an opportunity when they see […]
Continue Reading
United States-based investment giant Charles Schwab will be steering clear of cryptocurrencies even as rivals such as Fidelity rush to embrace the new sector. United States-based investment giant Charles Schwab is — for now — steering clear of cryptocurrencies, even as rivals such as Fidelity rush to embrace the new sector. Schwab — the U.S.’ […]
Continue Reading
Bakkt announced that its qualified custodian Bakkt Warehouse launched Bitcoin deposits and withdrawals as planned. Bakkt Warehouse, a qualified custodian of crypto trading platform Bakkt, is now accepting customer Bitcoin (BTC) deposits and withdrawals. First physical BTC futures on the way As the company tweeted on Sept. 6, Bakkt Warehouse has officially launched in accordance […]
Continue Reading
American global market research firm SIS International Research has set up a blockchain consulting division called SIS Blockchain. SIS International Research, a global market research firm headquartered in New York City, has set up blockchain consulting division called SIS Blockchain. Enterprise blockchain will be vital After two years of consulting clients on blockchain applications in […]
Continue Reading
Digital asset cybersecurity startup Fireblocks extends its support to five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, “with this release, market makers, […]
Continue Reading
Paxos, the stablecoin operator behind PAX Standard, announced what it claims is the first crypto asset redeemable for physical gold. Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset […]
Continue Reading
Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD […]
Continue Reading
Rainforest Foundation US has reached out to the crypto community to help fight against deforestation and forest fires in the Brazilian Amazon. Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech. Deforestation and fires in the […]
Continue Reading
The recent move by Swiss regulators to licence two crypto banks is sending a message to regulators worldwide, but what are the stances of global authorities? Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of […]
Continue Reading