In comments this week, Eric Balchunas, the senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light.
IMF Warns of New Financial Stability Situations From Sharp Rises of Cryptocurrency
International Monetary Fund (IMF) warns that the growing popularity of cryptocurrencies poses new challenges for financial stability. "Crypto can reduce the ability of central banks to implement monetary policy effectively. At the same time, it can create financial stability risks.”
Grayscale's Most Preferred Crypto Investment Product Is Not Bitcoin Trust for the First Time
A new study reveals that institutional investors have switched from Grayscale's Bitcoin Trust to another crypto trading asset. According to the CryptoCompare report, Grayscale Ethereum Trust saw more daily trading volumes than GBTC for the first time in history in September.
SEC Extends Time for Reviewing Four Bitcoin ETF Proposals
Securities and Exchange Commission extended the deadlines of four Bitcoin ETF. The Commission stated the need for additional time to “take action on the proposed rule change.” Cryptocurrency advocates remain hopeful about the approval of a U.S. Bitcoin ETF in the near future.
The SEC Wants Ripple to Provide Records Related to Current Legal Disputes
Attorney James Filan, the founder of Connecticut-based Filan LLC, announced on Twitter that the U.S. Security and Exchange Commission has requested a conference and Ripple to share all audio and video recordings of its previous meetings.
France's Third Largest Bank Societe Generale Has Proposed to Use DeFi Protocol Makerdao
The French multinational investment bank and financial services company Societe Generale has proposed to take advantage of the decentralized finance (DeFi) protocol Makerdao. The proposal named “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and it aims to utilize the DAI stablecoin to refinance a covered bond concept.
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