Search Results for "mutual fund"
Defunct Crypto Lender BlockFi Has $227 Million in Uninsured Funds with Troubled Silicon Valley Bank
A bankruptcy filing has revealed that BlockFi has $227 million in uninsured funds allocated to a money market mutual fund (MMMF) offered by Silicon Valley Bank (SVB), which was shut down by the California Department of Financial Protection and Innovation on March 10. While the investment may not be at risk despite SVB's troubles, the filing highlights that the funds are not FDIC-insured, not insured by any federal government agency, and "not guaranteed by the bank." The recent Silvergate bankruptcy has also impacted the crypto market.
Invesco Mutual Fund Files to the India‘s SEC to Invest in Blockchain Fund
The fund management giant Invesco Mutual Fund has submitted documents to the SEC of India to invest in Invesco Elwood Global Blockchain UCITS Exchange Traded Fund.
Canada Tightens Crypto Asset Regulations for Public Investment Funds
The Canadian Securities Administrators propose regulatory changes for public investment funds handling crypto assets, focusing on custodianship standards and limiting direct crypto dealings to specific fund types.
Russian Central Bank Bars Mutual Funds from Investing in Cryptocurrencies
Under the new ban, Russia’s mutual fund companies must not invest in crypto assets.
Indian Securities Regulator Urges Mutual Fund Companies To Avoid Investing In Crypto, Until Regulations Set In
SEBI urges mutual fund companies in India to avoid investing in cryptocurrencies as the government is still considering new crypto rules.
SEC Warns of Risks of Investing in Bitcoin Futures for Mutual Funds
The SEC issued an official statement to warn investors of the risks of Bitcoin futures investment in mutual funds.
Franklin Templeton to Enable Money Fund Shares on Stellar Network
Global investment fund Franklin Templeton Investments filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a money market fund where shares would be recorded and tokenized on the Stellar Network.
Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives
Crypto fund managers have released an angry response to the UK financial regulator's recent ban on the sales of crypto derivatives to retail consumers.
Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak
Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.
UNICEF Unveils Cryptocurrency Donation Fund
UNICEF has launched a cryptocurrency fund intended for open-source technology funding, whereby Ether and Bitcoin will be accepted. The donations will be beneficial to young people and children across the globe.
Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.
Canadian Investment Fund Manager Receives ‘Favourable Ruling’ From Regulators to Offer Bitcoin Fund
Canadian investment fund manager 3iQ Corp. announced on Oct. 30 that it had received approval from its public hearing by the Ontario Securities Commission (OSC) for a closed-end Bitcoin fund that will be listed for trading on a major Canadian stock exchange.