Coinbase, SEC Clash Over Investment Definition in Appeal
Coinbase accuses SEC of sidestepping legal precedent in appeal over staking program classification. In its most recent assault against the United States Securities and Exchange Commission (SEC), Coinbase has relied extensively on case law and reached the uncommon conclusion that “the SEC attempts to circumvent the [Howey] test.” May 24 saw the submission of a […]
Japan’s $1.5T Pension Fund to Diversify with Bitcoin and Gold
With $1.5T in assets, Japan GPIF seeks to diversify its investment portfolio by considering traditional assets in addition to Bitcoin and gold. The GPIF, an internationally renowned pension fund, has demonstrated significant progress through its declaration of intention to broaden its investment portfolio. To enhance its financial position and maximize returns, the fund is presently […]
Japan Moves to Allow Investment Funds to Hold Crypto
The Japanese cabinet has approved the addition of cryptocurrencies to the list of assets that local investment limited partnerships (LP) firms are permitted to purchase or keep. The Ministry of Economy, Trade, and Industry declared on February 16 that VCs involved in cryptocurrency now have greater regulatory certainty. The objective of the modification is to […]
Coinbase Cuts Crypto Investment Amid Wider VC Pullback
Coinbase, among the chief investors in the cryptocurrency sector, has reportedly reduced its startup funding. According to Bloomberg, Coinbase is the most recent firm to stop funding cryptocurrency-related companies as investor opinion has shifted toward caution. Coinbase Ventures, the U.S.-based cryptocurrency exchange’s investment arm, completed just 11 fundraising agreements in Q32023, down 64.5% from the […]