Investing

Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product (ETP).

The CFTC has fined Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges.

Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.

Last month, the peer-to-peer (P2P) blockchain startup Level01 announced its partnership with TR in order to create a “derivatives” exchange that would change how parties interact with one another, without the fear of losing funds to unknown third parties.

In this 95-page report, multiple sections are dedicated to the issue of cryptocurrency taxation, with the IRPAC specifically recommending “that the IRS issue further guidance on the information reporting and withholding implications of cryptocurrency transactions.”

If the mining giant does hold an offering, it’ll reach for an estimated $3 to $5 billion valuation.

Originally scheduled for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.”

Tether/Bitfinex rumors have caused a massive tether premium to occur and, ultimately, resulted in a large bitcoin price discrepancy across multiple exchanges.

Among other benefits, a bitcoin ETF would let investors gain a stake in bitcoin in a way that already feels familiar: through their brokerage firm.

Considered the gold standard for other universities to follow, Yale’s foray into the beleaguered asset class could signal a positive shift in the way institutions view virtual currencies.