Although crypto currencies may yield many surprising benefits, one of the oldest rules of commerce still applies to investing and trading in digital assets — if it seems to be too good to be true, it might be. That is the essence of a guidance, “Investor Alert: Watch Out for Fraudulent Digital Asset and ‘Crypto’… Read More >>
SEC Explores Impacts of Digital Assets at Forum
The SEC is shining more light on distributed ledger technology (DLT) and digital assets via a forum on May 31 hosted by the regulator’s Strategic Hub for Innovation and Financial Technology (FinHub), an effort to actively engage with innovators, developers, and entrepreneurs. The event is an acknowledgment of the importance of DLT and digital assets… Read More >>
Bakkt Secures $182 Million in Funding
Twelve Major Investors Fund BAKKT’s Future Crypto-currency platform startup Bakkt has completed its first round of funding of $182.5 million “from 12 partners and investors who, like us, believe in the future of digital assets,” says Kelly Loeffler, Bakkt CEO, in a recent blog posting on the company’s website. “The partners and investors in… Read More >>
‘Fidelity Digital Assets’ Launches to Service Crypto-Assets
Asset management giant Fidelity Investment is jumping into the crypto-asset fray with the launch of Fidelity Digital Asset Services, which will offer custody and trade execution services for crypto-currency-based instruments managed by institutional investors such as hedge funds, family offices and market intermediaries. “Fidelity believes that distributed ledger technologies [DLTs] can enable entirely new business… Read More >>
