GrayScale Gets SEC Approval For Bitcoin Mini Trust ETF
The SEC has approved Grayscale’s Bitcoin Mini Trust ETF, which will be launched next week with a minimal 0.15% fee. The Grayscale Bitcoin Mini Trust , a new product from Grayscale Investments, has been approved by the U.S. Securities and Exchange Commission (SEC). This ETF is based on the successful Ethereum Mini Trust model. The […]
Michigan Pension Fund Reports $6.6M Stake In Bitcoin ETFs
As of June 30, the Michigan pension fund disclosed that it held 110,000 shares of the ARK 21Shares Bitcoin ETFs in an SEC filing. Investments in a spot Bitcoin exchange-traded fund, or ETF, offered by ARK 21Shares were reported by the State of Michigan Retirement System. Michigan’s state pension fund disclosed its ownership of 110,000 […]
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 […]
Ethical Concerns in Yield Farming and Liquidity Mining
The ethical concerns in yield farming and liquidity mining need careful consideration to ensure a fair and sustainable DeFi ecosystem. Yield farming and liquidity mining have transformed the decentralized finance (DeFi) landscape, offering innovative ways for investors to earn returns on their cryptocurrency holdings. However, these practices have some ethical concerns. In this article, we will explore […]
US Federal Reserve Quit Enforcement Action With Silvergate Bank
The U.S. Federal Reserve has dropped an enforcement action against crypto-friendly Silvergate Bank over a breach of AML regulations. The enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, has been terminated by the United States Federal Reserve. The institution was fined $43 million by the central bank’s Board of directors this […]