SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’

SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’ A commissioner at the U.S. Securities and Exchange Commission (SEC) believes a bitcoin exchange-traded fund (ETF) will ultimately be approved. Robert J. Jackson Jr., in an interview published by government-focused news source Roll Call on Wednesday, said: “Eventually, do I think someone will satisfy the standards that we’ve…

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Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange

Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange The securities watchdog in the Canadian province of British Columbia has said that it has no remit to regulate troubled crypto exchange QuadrigaCX, which owes customers millions of dollars said to be frozen on an encrypted laptop. According to Reuters, the British Columbia Securities Commission (BCSC) spokesman Brian…

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South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections,…

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JPMorgan Securities Exec: ‘Blockchain Is Still Far From Institutionalization’

JPMorgan Securities Exec: ‘Blockchain Is Still Far From Institutionalization’ Joyce Chang, global research chair at JPMorgan Securities, has said that blockchain technology is still far from institutionalization and must still overcome key hurdles before it can break through to cross-industry adoption at scale. Chang made her comments during an interview on the “Bloomberg Daybreak: Americas” television show on Feb.…

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Credit Suisse Completes Joint Mutual Fund Transactions Using Blockchain

Credit Suisse Completes Joint Mutual Fund Transactions Using Blockchain Global investment bank Credit Suisse and Portuguese Banco Best have completed end-to-end fund transactions on blockchain, according to a press release published Feb. 7. The financial institutions have reportedly processed every part of the fund trade process by implementing a blockchain-based decentralized platform, FundsDLT. Designed to improve the efficiency of fund transaction processing with the use of…

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Ethereum Denies It Is Mulling $15 Mln Investment to Develop Verifiable Delay Functions

Ethereum Denies It Is Mulling $15 Mln Investment to Develop Verifiable Delay Functions The Ethereum Foundation has refuted alleged plans to spend a prospective $15 million on the development of Verifiable Delay Functions (VDFs) for use in its transition to a Proof-of-Stake (PoS) network. The clarification was made by Foundation researcher Justin Drake in private correspondence with…

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TD Bank: 90% of Finance Professionals Think Blockchain Will Have a Positive Impact

TD Bank: 90% of Finance Professionals Think Blockchain Will Have a Positive Impact A TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry, according to a press release published on Feb. 6. The survey, conducted by top ten United States-based bank TD — a…

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