The Bank of Russia, the country’s chief financial regulator, issued new rules for the country’s mutual funds in a new directive published Monday.Such funds cannot invest in digital currencies, nor in “financial instruments, the value of which depends on the prices of digital currencies.”In July, the regulator banned Russia’s stock exchanges from listing financial instruments … [Read more...] about Bank of Russia Bars Mutual Funds From Investing in Crypto
What Would A Mutual Aid DAO Look Like?
Where most DAOs just give out governance tokens in proportion to what you put in (e.g. 100 tokens for .1 ETH, or 1000 tokens for 1 ETH), PactDAO plans to assign tokens according to non-financial participation, too. Joining in on community events might earn you a greater share of tokens. It’s a kind of cooperative structure; the largest donors won’t automatically get the most … [Read more...] about What Would A Mutual Aid DAO Look Like?
Flipkart Co-Founder-Backed Navi Mutual Fund Files for Blockchain Fund in India
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Flipkart Co-Founder-Backed Navi Mutual Fund Files for Blockchain Fund in India
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in Canadian and United States dollars, and are … [Read more...] about Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 billion.Now one company intends to provide … [Read more...] about Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging