Crypto Derivatives: A Corner of the Market or the Market Itself?

Emmanuel Goh is co-founder & CEO of skew. – a financial technology startup headquartered in London since 2018. These opinions are his and do not necessarily reflect the view of CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free […]

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Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from […]

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Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having […]

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Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange

Canadian investment fund manager 3iQ received initial approval on its long road to launch a closed-end bitcoin fund on the Ontario Stock Exchange later this quarter. The firm said on Wednesday that it received a favorable ruling before a panel of the Ontario Securities Commission (OSC) for the Bitcoin Fund, noting the commission moved to […]

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Fidelity Digital Assets Opens to All Qualified Investors

Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of its custody and trading services, expanding from the limited trial users in the platform’s final test stage, according to a Financial Times interview. The business had initially been expected to be open in the first quarter of 2019. In an interview with Fidelity Investments CEO […]

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Daily Liquidity Comes to Crypto Fund With Lukka Accounting Tool

Crypto accounting and data processing firm Lukka has partnered with fund administrator Theorem Fund Services to provide same-day net asset value reporting capabilities to digital assets index fund Hashdex. New York-based Lukka invented the first crypto tax calculator and is the first data services firm to help monitor fund performances and prepare auditable financial statements […]

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Overstock to Restructure Ex-CEO’s Crypto Dividend to End 6-Month Lockup

Online retail giant Overstock is to drop trading restrictions for its planned digital asset-based dividend instigated by the e-commerce giant’s former CEO, Patrick Byrne. Before leaving the firm over a scandal involving his affair with a Russian spy, Byrne in July had arranged for Overstock’s next investor dividend to be paid out in a digital […]

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The Crypto Custody Conundrum: What Are We Even Talking About?

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. For a primer on crypto custody concepts, you can download our free report here.  […]

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Overstock Will Open tZERO Security Token Market to Retail Traders Next Week

Overstock is opening up trading on its security token market, tZERO, to all comers. Retail investors will be able to trade on the platform starting Aug. 12, tZERO CEO Saum Noursalehi told CoinDesk. At that point, the one year lock-up period for tZERO’s 2018 security token offering (STO) will pass. While the platform went live in January, […]

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Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto

Genesis Global Trading’s crypto-related lending business remains on a growth tear – especially its loans of U.S. dollars and blockchain substitutes. According to statistics published by the over-the-counter trading firm Tuesday, Genesis’ “cash” lending doubled in the second quarter from the previous quarter to about $186 million. These loans, denominated in fiat or the dollar-pegged […]

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