BetaShares sets to launch ETF to track indexes of crypto firms
The new BetaShares ETF will track the crypto indexes of firms such as Coinbase, Riot blockchain and MicroStrategy, the fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors. BetaShares is on the verge of launching a new crypto-focused exchange-traded fund (ETF), six months after filing an application […]
French regulator warns Investors against unlicensed crypto platforms
The Autorité des Marchés Financiers (AMF), a French stock market regulator, continues to monitor the cryptocurrency sector and has advised investors to only invest in crypto through authorized services listed on official websites. AMF amended its online portals on Oct. 1 that had been recognized as selling cryptocurrency and foreign exchange (FX) investments through unlawful […]
Huobi reveals plan for investors in China after stopping crypto trade
“Customers will be able to transfer their assets to other exchanges or wallets over the next few months. Specific measures and operating rules will be outlined in future announcements,” says Huobi Group co-founder Du Jun. As indigenous crypto exchanges like Huobi take aggressive measures to secure and repay existing money residents on the mainland, the […]
FCA Chief Warns Crypto Investors That They May “Lose All Their Money”
The chief of the Financial Conduct Authority (FCA) had some harsh words for the crypto business in a speech in London yesterday. During a speech in London yesterday, Nikil Rathi, CEO of the Financial Conduct Authority (FCA), reaffirmed the regulator’s hard stance on cryptocurrencies. “As you will all know, we have warned repeatedly investors in […]
Aussie crypto fund manager gets 7 years jail term for stealing $54M from investors
A fund manager was sentenced to 7 years in prison for running a $54 million Ponzi scheme. Aussie crypto fund manager gets 7 years for stealing $54M. Stefan He Qin, founder of two bitcoin hedge funds, was sentenced to over seven years in prison for defrauding investors of $54 million. The DoJ said on Sept. […]