Bitwise 10 Crypto Index Fund 10-12G Apr 22, 2021 8:41 PM seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Neil Gross Published April 28, 2021
D-Keine/iStockPhoto / Getty Images
Canada’s securities regulators sent a blunt message to the 600 or so unlicensed crypto-asset trading platforms (CTPs) operating in this country last month. CTPs were told they must register as a marketplace or dealer immediately and bring their operations into compliance with laws that protect investors and promote market fairness very quickly afterward.
Most CTPs just scoffed at this demand. Many are foreign-based platforms. A few of these are big operations; others are basically a guy running a trading floor out of his personal laptop. CTPs’ libertarian vibe is their ethos, and they have little appetite for conforming to Canada’s disjointed patchwork of rules in different parts of this country. Do we really expect them to stick around and bother with all that – for the sake of accessing our puny 3 per cent of the world’s capital markets?
By Kate Weber on Apr 23, 2021 6:55AM
Calls for industry assistance to help sharpen regulation.
The Australian Securities and Investments Commission (ASIC) is seeing an increasing number of complaints related to cryptocurrency scams, forcing it to deepen its understanding of blockchain technology.
Commissioner Cathie Armour told a Blockchain Week 2021 event that a challenge ASIC faced is how new products, particularly cryptocurrency assets, fitted within its current regulatory framework.
“We receive a lot of complaints where things aren t going right in the investor universe, she said.
“Just over the last little while, we have received a significant number of complaints about cryptocurrency scams.
19 April 2021, 4:18 am EDT By
The central bank of China seems to have shifted its tone this time towards bitcoin after considering it to be an investment alternative. Besides, the Chinese government official said that the crypto assets will likely accelerate after clarifying that it is not a currency by itself.
Because of this sudden statement, it was now being watched closely for some changes which might happen. What pushed China bank to release a surprising bitcoin comment despite the crypto crackdown that happened in 2017.
PBOC Says Bitcoin is Crypto Asset and an Alternative in Investment
(Photo : Dan Kitwood/Getty Images)
by Tyler Durden
Update (1500ET): COIN is crashing.
From its #381 open to its highs at almost $430, COIN is now back at $311. on its way to the $250 Reference Price.
and dragging the market with it.
implied a market capitalization of $65 billion - Coinbase (ticker symbol COIN) just opened (via Direct Listing) at $381. implying a $100 billion valuation.
It was then panic-bid above $400.
That s bigger than Vanguard, Fidelity, Zoom, and just shy of Target and Micron.
To top Goldman, COIN will have to trade at around $440.
That jump should not be a total surprise since, as CNBC notes, in the five significant direct listings that have taken place on the New York Stock Exchange - Spotify, Slack, Palantir, Asana and Roblox - the opening price was on average about 37% above the reference price.