securities Archives - Page 8 of 209

MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase

December 11, 2020cashtechnews

The bond sale underscores MicroStrategy’s conviction that Bitcoin is a generational investment opportunity. MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more Bitcoin (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset. The company confirmed Friday that it had […]

World first Ethereum ETF debuts in Canada … with a trading halt

December 10, 2020cashtechnews

Digital asset investment managers 3iQ introduced ETH market exposure to Canada’s stock traders and investors on Thursday. The world’s first Ethereum-based fund to be listed on a major stock exchange opened for trading on Thursday, but not without some hiccups. Listed on the Toronto Stock Exchange, The Ether Fund (TSX:QETH.U) opened for trading at $10.80 […]

Goldman Sachs to utilize JPM Coin for repo trades

December 10, 2020cashtechnews

JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice. Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations. In an interview […]

New institutional player — MassMutual purchases $100M Bitcoin

December 10, 2020cashtechnews

The investment is reportedly part of the firm’s strategy to take advantage of new opportunities while remaining diversified. Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin […]

XRP price action imminent? A closer look at the market’s #3 crypto

December 10, 2020cashtechnews

The $1 price mark remains a psychological barrier for XRP, with the third-ranked crypto by market capitalization still 85% off its all-time high price. As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 […]

CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

December 10, 2020cashtechnews

Over the course of his 18-month term, Tarbert has been a consistent advocate for principles-based regulation of crypto. In a Dec. 10 public statement, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year. In listing accomplishments over the course of his term, Tarbert included that: “we have […]

Silvergate Capital tanks as board member dumps shares

December 9, 2020cashtechnews

SI stock has plunged over 16% from its recent all-time high. Shares of Silvergate Capital (NYSE:SI) are in freefall this week, while the U.S. Securities and Exchange Commission, or SEC, has revealed a large liquidation of company stock by board member Thomas Dircks. The security regulator’s Form 4 documentation shows Dircks sold 60,000 Class A Common […]

Bitwise’s crypto index fund now trading through US brokerage accounts

December 9, 2020cashtechnews

The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year. U.S. retail investors will be able to get exposure to Bitwise’s new crypto index fund — albeit indirectly. According to a Dec. 9 statement from Bitwise Asset Management, shares of its crypto index fund will begin public quotation on […]

Congresspeople tell Treasury to back off of rumored self-hosted wallet ban

December 9, 2020cashtechnews

Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the U.S. Treasury. In a Dec. 9 letter addressed to Treasury Secretary Mnuchin, four members of the Congressional Blockchain Caucus wanted […]

Blockstack (STX) rallies 85% as fundamentals improve ahead of mainnet launch

December 9, 2020cashtechnews

In the past month, Blockstack (STX) token quietly rallied 85% as network fundamentals improved and a key mainnet launch approaches. Blockstack (STX) might not be on every investor’s radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes. Blockstack (STX) 1-month chart. Source: Coin360.com The company behind the […]

Tag: securities

MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase

World first Ethereum ETF debuts in Canada … with a trading halt

Goldman Sachs to utilize JPM Coin for repo trades

New institutional player — MassMutual purchases $100M Bitcoin

XRP price action imminent? A closer look at the market’s #3 crypto

CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

Silvergate Capital tanks as board member dumps shares

Bitwise’s crypto index fund now trading through US brokerage accounts

Congresspeople tell Treasury to back off of rumored self-hosted wallet ban

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