Bank of Russia asks stock exchanges to not list crypto-related firms

As global cryptocurrency companies increasingly consider going public, the Russian central bank has officially recommended local exchanges to avoid crypto-related listings. The Bank of Russia issued an information letter on July 19, asking Russian stock exchanges to stay away from listings of foreign and local companies involved in a broad range of crypto services. The central bank elaborated that local exchanges should not list stocks issued by companies whose business relies on crypto market prices, including digital financial assets issued outside Russia, crypto-tracking indexes, as well as crypto derivatives and…

Green energy crypto mining ETF launches on New York Stock Exchange

An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States. The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’. The product is part of growing efforts to attract mainstream investors with a focus on environmental, social and governance (ESG) issues. Viridi Funds, which launched the new investment product, stated that the fund also invests in crypto mining infrastructure businesses and semiconductor companies such as…

Binance Halts Stock Trading Amid Regulatory Scrutiny

Share this article Binance will no longer offer stock trading. The decision comes as Hong Kong’s Securities and Futures Commission joins a growing list of regulators to issue a warning about the exchange’s registration status.  Binance Winds Down Stock Trading  Binance is removing its tokenized stock trading feature. The leading cryptocurrency exchange launched trading for stocks like Tesla in April, drawing the attention of regulators at the time.  The Financial Conduct Authority, which is one of several regulators to issue warnings about the exchange’s regulatory status in recent months, said…

Binance stops stock token sales, ‘effective immediately’

Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on July 16, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021 at 19.55 UTC, the exchange will no longer support stock tokens at all.  Existing stock token holders will have some time to adjust: “Users who currently hold stock tokens may sell or hold them over the next 90 days. Users will no longer be able to manually sell or close…

Here’s 2 ways clever pro traders spot crypto and stock price reversals

Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction. While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy when the trend reverses direction from bearish to…

Brazil’s Stock Exchange Will List an Ethereum ETF

Share this article Ethereum gets an ETF listing in Latin America.  QR Capital Approved for Ethereum ETF  An Ethereum ETF is set to go live on Brazil’s stock exchange.  Crypto investment firm QR Capital will list the ETF on B3, the country’s second-oldest exchange. It will go live under ticker QETH11. QR Capital tweeted the update Tuesday.  🔴 BREAKING: CVM aprova o 1º ETF de Ethereum da América Latina, o QETH11. O ETF da QR Asset Management, gestora do grupo QR Capital, será listado na B3, que se torna a…

BIT Mining Funds Relocation With $50M Stock Offering

Share this article Chinese Bitcoin mining company BIT Mining has raised $50 million through a private placement of Class A shares, the company announced Monday.  BIT Mining Looks to Relocate Chinese mining companies are raising funds to relocate. NYSE-listed company BIT Mining has announced it has entered into purchase agreements with investors for $50 million worth of Class A shares, with warrants to purchase an additional 100 million shares in the future.  In a press release, the company stated that it would use the placement proceeds to acquire additional mining…

Capital International purchased $600M in MicroStrategy stock

Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock. In MicroStrategy’s filings to the U.S. Securities and Exchange Commission, or SEC, for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock. Following the release of the SEC filing, MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Capital International’s Q1 2021 filing with the SEC reportedly showed…

Philippine Stock Exchange wants to launch local crypto markets first

The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country. On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse should be the country’s first exchange platform for crypto assets. He stated: “If there should be any exchange for cryptos, it should be done at the PSE. Why? Number one, it’s because we have the trading infrastructure. But more importantly, we’ll be able to have investor protection…

tZERO to tokenize $18M of stock for the ‘Robinhood of real estate investing’

tZERO, an alternative trading system for security tokens, has announced a partnership with real estate crowdfunding company, NYCE Group, to tokenize $18 million worth of the firm’s shares. NYCE’s stock will be tZERO’s first new listing since launching its ASPN pairing in August 2020, representing fractionalized ownership in a Colorado ski resort. Announced June 30, tZERO will support secondary trade for NYCE’s tokenized common shares once the real estate company has completed its upcoming Regulation A+ offering, subject to regulatory approval. NYCE’s shares will be tokenized using tZERO’s proprietary smart…