Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021
News Every Day |

Financial watchdog warns of risky cryptoasset investments as bitcoin tumbles – business live

Rolling coverage of the latest economic and financial news

Having issued its warning today, the City watchdog may soon get its teeth into companies pushing crypto investments, predicts Ian Mason, head of UK Financial Services Regulatory Team at law firm Gowling WLG.

“The FCA has repeatedly warned consumers about investing in cryptoassets, and some consumers may have been encouraged to invest as a result of the recent increase in price of Bitcoin.

We expect the FCA to clamp down on firms offering investments in cryptoassets which have not complied with the increased regulation of these products”.

There’s been growing speculation of late that US regulators could allow bitcoin exchange-traded funds, or ETFs, to be set up - giving investors an easier way to get exposure to the crypto coin.

The SEC has rejected previous proposals, but the increased interest from Wall Street could provoke a change of heart, some suggest.

U.S. approval of a Bitcoin exchange-traded fund could weigh on the digital coin’s price in the short term, according to JPMorgan Chase & Co.

That’s because competition from such a vehicle could spark outflows from the Grayscale Bitcoin Trust, the world’s largest traded cryptocurrency fund. The ETF would erode the Grayscale trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value -- which in turn could hurt Bitcoin’s price, strategists led by Nikolaos Panigirtzoglou wrote in a note.

Crypto update:#Bitcoin 35375.96 -7.04%#Ether 1114.77 -12.29%#Ripple (XRP) 0.2934 -6.92%#BitcoinCash 506.61 -16.05%#EOS 2.7328 -11.43%#Stellar 0.2557 -11.22%#Litecoin 145.42 -14.11%#NEO 23.649 -4.08%#Crypto 10 Index 7965 -10.36%#BTC #ETH #XRP #BCH #XLM #LTC

Continue reading...

Read also

Twitter banned me, too

No, Daniel Agger Is Not In Jail

India Celebrates 72nd Republic Day, PM Modi: #RepublicDay. Jai Hind!

News, articles, comments, with a minute-by-minute update, now on — latest news 24/7. You can add your news instantly now — here