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Capital Markets


The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository …

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Despite the bear market in cryptocurrencies this year so far, crypto hedge fund launches are spiking to all-time highs. According to a new report from Crypto Fund Research, 90 crypto hedge funds launched in the first three quarters of this year, and the total is expected to reach as high as 120 for the financial year. With …

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Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures. Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. As part of the arrangement, …

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This post was originally published here Switzerland’s financial markets regulator has issued a license to a cryptocurrency investment fund in a move that opens the door for wider institutional participation in the country’s crypto activities. Zug-based Crypto Finance AG announced on Tuesday that the Swiss Financial Market Supervisory Authority (FINMA) has given the green light …

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This post was originally published here Switzerland’s financial markets regulator has issued a license to a cryptocurrency investment fund in a move that opens the door for wider institutional participation in the country’s crypto activities. Zug-based Crypto Finance AG announced on Tuesday that the Swiss Financial Market Supervisory Authority (FINMA) has given the green light …

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Switzerland’s financial markets regulator has issued a license to a cryptocurrency investment fund in a move that opens the door for wider institutional participation in the country’s crypto activities. Zug-based Crypto Finance AG announced on Tuesday that the Swiss Financial Market Supervisory Authority (FINMA) has given the green light to its subsidiary, Crypto Fund AG, …

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The United Arab Emirates (U.A.E.) has announced plans to introduce new rules that would permit initial coin offerings (ICOs) as a fundraising method for domestic companies. Intended for introduction in 2019, the new rules would allow firms to raise capital via crypto token sales as an alternative to traditional methods such as IPOs, according to …

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This post was originally published here Crypto company Circle is reportedly moving to acquire SeedInvest, a crowdfunding platform for startups. Bloomberg reported Friday that Circle’s acquisition will – if approved by regulators – open to the door to allowing startups to raise funds by selling digital tokens via its platform. The move would also expand …

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Crypto company Circle is reportedly moving to acquire SeedInvest, a crowdfunding platform for startups. Bloomberg reported Friday that Circle’s acquisition will – if approved by regulators – open to the door to allowing startups to raise funds by selling digital tokens via its platform. The move would also expand the Circle team by 30 employees, …

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The EU’s financial markets watchdog has revealed that it is setting aside over €1 million in order to monitor cryptocurrencies and other fintech activities during 2019. As revealed in its 2019 Annual Work Programme – dated September 26 but released today – the European Securities and Markets Authority (ESMA) lists its key priorities for the coming year …

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Hedge fund Numerai has taken another step in decentralizing its crypto-based data gathering and stock price prediction platform with the public launch of its Erasure marketplace. Announced Thursday, the platform – which lets data scientists earn or lose tokens by staking them on stock market price predictions – is now looking to attract hedge funds …

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The stakes must have seemed high already in 2013, when the largest bitcoin wallets safeguarded by blockchain security provider BitGo held about $10 million-worth of the cryptocurrency. Later on, in 2015 they crept up to around $100 million. And what had perhaps been unthinkable in the years previous, by 2017 the largest crypto wallets in BitGo’s charge …

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Everbloom, one of numerous so-called decentralized exchanges (DEXs) for cryptocurrencies that have cropped up lately, is seeking to become a licensed broker-dealer in a bid to attract institutional investors. Revealed exclusively to CoinDesk, the startup recently registered with the U.S. Securities and Exchange Commission and submitted an application for a license from the Financial Industry …

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The Austrian government is to use the ethereum blockchain to notarize the auction of a government bond worth €1.15 billion, or around $1.3 billion. The Federal Government’s Finance Agency (OeBFA) has assigned banking giant Oesterreichische Kontrollbank (OeKB) to carry out the auction on its behalf on Oct. 2, according to a finance ministry announcement Tuesday. The bank’s …

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Bank of Communications, one of the four state-owned commercial banks in China, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network. China Securities Times, the mouthpiece of Chinese financial regulators, reported on Thursday that the banking giant issued a total of 9.3 billion yuan (or around $1.3 billion) worth of …

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Four months after first announcing the creation of a dollar-backed stablecoin, cryptocurrency finance firm Circle is releasing it to the world. Circle co-founders Sean Neville and Jeremy Allaire wrote in a blog post Wednesday that its USD Coin (USDC), developed with help from the company’s CENTRE affiliate consortium, would act as a mean to tokenize …

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The parent company of Brazil’s largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday. Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the “coming months,” the news source said, adding it will support trading in bitcoin and ethereum. However, despite the notable move, the firm seems …

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Venezuela’s President Nicolas Maduro is doubling down on his belief that the state-created petro token will help solve the country’s chronic inflation and act to stabilize the economy. During a TV appearance on Thursday in which he addressed economic issues, Maduro announced the adoption of the petro in international trade starting from October. The announcement comes …

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Tim McCourt, managing director and global head of equity products and alternative investments of CME Group, has said that bitcoin futures are not to be blamed for the price slump in the crypto market this year. Talking with Phillip Gillespie, CEO of B2C2 Japan, during a panel on crypto derivatives trading at CoinDesk’s Consensus Singapore 2018 …

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The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law. The NYAG’s inquiry was launched in April, seeking voluntary participation from 13 of the world’s most notable …

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