[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Asset management titan BlackRock has revised its spot Bitcoin ETF (exchange-traded fund) application to make it easier for Wall Street banks to participate. The revised version of the ETF allows for the creation of new shares using cash rather than just cryptocurrency. Under the new arrangement, the banks will also be able to to act as authorized participants for the ETF. That allows large banks like JPMorgan and Goldman Sachs to circumvent restrictions that currently prevent them from holding Bitcoin and other cryptocurrencies directly on their…
Author: Steven Walgenbach
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The US Securities and Exchange Commission (SEC) is struggling to serve Hex and PulseChain founder Richard Schueler, best known as Richard Heart, with a lawsuit, causing an appearance in court via teleconference to be postponed until Jan. 30 from Nov. 28. Schueler, who resides in Helsinki, Finland, has been accused of raising more than $1 billion in unregistered securities offerings since the end of 2019. The SEC has also said that he misappropriated investor assets and defrauded investors. Richard Heart Used Money To Fund Lavish Lifestyle…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Binance signed up new partners to facilitate euro payments for its European user base after previous fiat partner PaySafe withdrew last month amid regulatory concerns. The world’s biggest crypto exchange said in an Oct. 19 statement that it had signed agreements with a number of ”regulated and authorized fiat partners.” It did not name the companies. “Users have already started being migrated to the new services,“ it said. Integrations Go Live The new fiat partners will provide services including the facilitation of deposit withdrawals via Open Banking…