DAiM has launched the United States’ first employer-sponsored retirement plans that support investments in Bitcoin. U.S.-based asset manager, Digital Asset Investment Management (DAiM), has launched the country’s first employer-sponsored 401(k) retirement plans supporting Bitcoin. According to a Nov. 19 announcement, DAiM will serve as the advisor and fiduciary in helping companies “create a 401(k) plan […]
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Jay Clayton is stepping down from his role as SEC Chairman at the end of the year, but before going he wants to set the record straight on the SEC’s opinion of Bitcoin. The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” […]
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The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat. The U.S. Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The […]
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“I stayed silent for many years because I knew that there’d be consequences when I talked in public.” On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lees Life of Pi. Heading home afterwards they waited at a bus […]
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Crypto is often seen as trustless and failproof. But as more regulation, venues and developers come aboard, just how trustless is it really? Blockchain technology is great because it cuts out the middleman, removes the need to trust third parties, and gives users full agency over their finances, or true ownership of their wealth. From […]
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Qtum is “one step closer” to realizing its DeFi ambitions. Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase. Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing […]
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Four hacks in a week are too much, even for DeFi. If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before, but nobody noticed until […]
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OKEx is set to lift its withdrawal freeze first introduced on Oct. 15, claims the exchange cooperated with authorities and no foul play was discovered. Major cryptocurrency exchange OKEx is finally resuming withdrawals of customer assets after weeks of waiting. The exchange first suspended withdrawals on Oct. 15, a decision that subsequently rocked crypto markets. […]
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Former hedge fund manager Jesse Felder claimed, among other things, that hard forks were “multiplying the number and type of Bitcoins in circulation.” Bitcoiners are crying foul at former billion-dollar hedge fund manager Jesse Felder’s “inaccurate” hot take blog post about Bitcoin today in which he claims the crypto asset “doesn’t make sense as an […]
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The outgoing SEC director first joined the agency in 2017. Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or […]
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