Cryptocurrency

Displaying 24 results

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First US Bitcoin-linked ETF raises concerns for advisers

While the ProShares Bitcoin Strategy ETF is the first of its kind, there are a host of other versions coming soon. The futures-based strategy could make the tech stock volatility of the 1990s look tame by comparison, according to experts.

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Do you have undisclosed crypto? If so, it’s time to decide your future

Claims that crypto is 'untraceable' and the 'perfect tax haven' have been exploded. Those who bought into this mythology have to decide what to do.

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Lessons from Beijing’s toothless crypto ban

For crypto-skeptic advisers, the fact that the ban proved to be a tempest in a teapot should be a wake-up call. Crypto as an asset class is here to stay.

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Wall Street could get four Bitcoin futures ETFs this month

The applications the SEC will consider, for ETFs that hold Bitcoin futures, all follow a format that SEC Chair Gary Gensler has indicated could be received favorably by the regulator.

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Debt ceiling brinkmanship not a concern for advisers

The devastating consequences of a default make it unlikely to happen, advisers say. Inflation is a bigger threat.

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SEC will ensure Reg BI fulfills best-interest promise: Gensler

Rep. Ann Wagner, R-Mo., raised concerns about what Gensler's recent hiring of Barbara Roper means for the future of the Regulation Best Interest standard of conduct.

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Crypto gains appeal as inflation hedge

Research shows that investors in digital currencies also see inflation as a longer-term reality.

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SALT conference panel demystifies crypto custody concerns

Crypto custodians must provide the same types of institutional infrastructure available to any other asset classes.

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How crypto is attracting millennial millionaires to financial advice

SALT conference panelists say millennials' heightened interest in crypto investing comes amid the largest generational transfer of wealth.

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Gensler defends ESG disclosures against Republican backlash

GOP senators assert that the SEC's effort to expand ESG reporting pushes a social policy agenda, while the SEC chair says agency is reacting to investors' demands for more information.

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iCapital offers digital currency investing via Grayscale

iCapital’s advisers can access digital currency investments for their clients through a Grayscale diversified market-cap weighted investment.

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SEC charges crypto exchange BitConnect with $2 billion fraud scheme

The regulator sued five BitConnect promoters in May for their roles in promoting the scheme by creating testimonials on YouTube, sometimes multiple times a day.

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Bitcoin mining is an ‘existential threat’ to crypto

The process of mining cryptocurrency sops up more energy than entire nations. Lawmakers like Elizabeth Warren, and billionaires like Bill Gates, have recently called attention to the environmental impacts.

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Flood of Bitcoin ETF filings but cooling demand for funds

Digital asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.

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Hackers return funds from likely record crypto attack

After stealing $610 million from a DeFi protocol that lets users swap crypto tokens, the online thieves pledged to give back the money. So far, they've returned about $258 million.

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MassMutual indie broker-dealer to offer Bitcoin fund to clients

MML Investors Services has entered into a placement agent agreement with NYDIG, a provider of technology and investment solutions that focuses on Bitcoin.

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Gensler seeks Warren’s help in crypto exchange crackdown

The SEC chairman tells Sen. Warren that lawmakers should give watchdogs clear powers to write rules for exchanges, including DeFi trading venues.

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Digital asset proposal puts spotlight on crypto taxes

The provision, tucked inside a massive infrastructure bill, would require tax reporting for transactions similar to securities. The measure seeks to ensure that details about digital transactions — such as purchase price, gains and losses — are reported to the IRS.

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Congress should expand SEC oversight of crypto’s ‘Wild West’: Gensler

The Securities and Exchange Commission chairman called on lawmakers to expand the agency's investor protection mandate to include crypto trading and decentralized finance. Cryptocurrency assets are worth roughly $1.6 trillion.

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Bitcoin nears $40,000 as shorts fuel rally on Amazon speculation

The cryptocurrency's gains were sparked by speculation that Amazon might eventually accept Bitcoin as a method of payment.