The US Securities and Exchange Commission (SEC) is “strongly” advising the investors of mutual funds with holdings in Bitcoin futures to beware of risks.

While getting increasingly popular, these derivatives are based on a crypto asset that is “highly speculative” and volatile, trading in a lightly regulated market, said the SEC's division of investment management on Tuesday in a statement.

Investors must weigh their appetite for risk and examine the fund’s disclosures, the agency said.

“Investor protection and assessing the ongoing compliance of these funds is a top priority for the staff.”

These warnings from the SEC came a week after the new chief Gary Gensler told lawmakers that the crypto market “could benefit from greater investor protection.”

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Category: News | Views: 170 | Added by: danyagames2007 | Date: 12.05.2021 | Comments (0)

In yet another move of further Bitcoin adoption, the American money transfer giant, MoneyGram, will allow users to buy and withdraw bitcoins from various brick-and-mortar locations.

Cryptocurrencies continue to occupy the center stage of the fintech industry following a massive rally in both prices and popularity.
Plenty of blue-chip and publicly traded companies have begun accepting bitcoins for their services, and some have even added it to their balance sheet, Tesla and MicroStrategy included.
Now, it appears that the latest company to jump on the bandwagon with a move towards serious mass adoption is MoneyGram.
The money transfer mogul has partnered up with the cryptocurrency exchange Coinme.
The fruit of this collaboration is a feature that allows people to buy bitcoin and withdraw it from brick-and-mortar loc ... Read more »

Category: News | Views: 215 | Added by: danyagames2007 | Date: 12.05.2021 | Comments (0)

The USD index had a hell of a good time during the first quarter of 2020 when it surged to 103 level in March while the rest of the assets from gold, stocks, oil, to crypto everything tanked.

In fact, USD has been enjoying an uptrend since early 2018, which interestingly coincides with the bear market of Bitcoin and all the other cryptocurrencies.

Te greenback topped in March after the central banks around the world announced their ultra-loose monetary policy and started printing money like crazy. While USD started its downtrend from here, all the other asset classes began to appreciate in value, starting a mania that now has everyone calling it a bubble.

The USD Index started 2021 on a good note, soaring from its multi-year low of about 89 to almost 93.5 on March 29. Since then, it has been back in a downtrend, hitting 89 ... Read more »

Category: News | Views: 133 | Added by: danyagames2007 | Date: 12.05.2021 | Comments (0)

(Bloomberg) -- The U.S. Securities and Exchange Commission has a blunt message for investors in mutual funds that have holdings in Bitcoin futures: Beware of the risks.

While the derivatives have become increasingly popular, they’re still based on an asset that’s “highly speculative” and volatile, and which trades in a lightly regulated market, the SEC’s division of investment management said Tuesday in a statement. Investors should weigh their appetite for risk and examine the fund’s disclosures, the agency said.

“Investor protection and assessing the ongoing compliance of these funds is a top priority for the staff,” the SEC said.

The warning comes just weeks after Gary Gensler, who taught classes on digital assets at the Massachusetts Institute of Technology, took over as ... Read more »

Category: News | Views: 176 | Added by: danyagames2007 | Date: 12.05.2021 | Comments (0)

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