Michigan Pension Fund Buys $6.6M in Ark Bitcoin ETF
The State of Michigan Retirement System has allocated $6.6 million to invest in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The disclosed ETF investment, reported in a 13-F form submitted to the SEC, accounts for a minute portion – specifically 0.004% – of the state’s significant $143.9 billion pension fund. Michigan’s decision exemplifies the wider […]
Cosmos Hub Proposes Transfer of 1m ATOM to Hydro
The Cosmos Hub has presented a governance proposal to the community, requesting consent to transfer 1 million ATOM to the Hydro liquidity protocol. On July 26, the platform announced that the ATOM proposal for the Cosmos Hub is now active on the community forum. The Cosmos Hub will allocate 1 million ATOM tokens from its […]
FINMA Issues Guidance on Stablecoin Risks
The Swiss regulator FINMA advises stablecoin issuers to verify the identity of all holders of fiat-linked digital tokens. The Swiss Financial Market Supervisory Authority has released new guidelines that address the risks and difficulties related to stablecoins for issuers and banks offering guarantees. The regulator emphasized in the guidance released on July 26 that stablecoin […]
BNP Paribas Hosts Issuance of Slovenia’s Digital Bond
Slovenia introduced the Eurozone’s first sovereign digital bond and used the Canton blockchain technology for on-chain settlement. Through the use of the tokenized currency solution provided by the Banque de France and an on-chain transaction handled by the French banking behemoth BNP Paribas, Slovenia has issued the first sovereign digital bond in the Eurozone. According […]
BitFlyer to Launch Custody Services After FTX Japan Buyout
BitFlyer has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan. The parent company of the self-titled cryptocurrency exchange, Bitflyer, with its headquarters in Tokyo, announced that it has successfully acquired FTX’s Japanese branch, purchasing all of the firm’s outstanding shares. BitFlyer announced plans to incorporate FTX Japan into its […]