Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts. Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA. “An ETF issuer’s job is to give investors access…
Nikolas Kokovlis | Nurphoto | Getty Images Prediction markets platform Polymarket is expanding into trading of perpetual futures contacts, the company said Tuesday. The announcement comes on the heels of a report from The Information that its main rival Kalshi has plans to offer crypto trading, including perpetuals. These are futures contracts that stay open…
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which serves a comparatively younger clientele and also blends…
Costfoto | Future Publishing | Getty Images Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency, or OCC, to operate as a trust bank, the company said Thursday. If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase’s…
Avishek Das | Lightrocket | Getty Images Mutual fund giant Franklin Templeton has agreed to buy a small crypto investment firm, 250 Digital, which will join its newly established Franklin Crypto unit, as the firm deepens its digital assets push. By bringing 250 in-house, Franklin Templeton hopes to be able to increase its actively managed…
MicroStrategy founder Michael Saylor speaks at the Bitcoin 2021 Conference in Miami on June 4, 2021. CFOTO | Nurphoto | Getty Images Demand for bitcoin as a corporate treasury asset is once again concentrated in Michael Saylor’s Strategy as the company steps up its bitcoin buying pace. The craze of public companies that once sought…
Fannie Mae will now accept crypto-backed mortgages via a new product by mortgage company Better Home and Finance and Coinbase. It’s not the first crypto backed mortgage, but it is the first accepted by Fannie Mae, which is under government conservatorship. The offering allows homebuyers to use their crypto assets as collateral. Fannie Mae will…
Warren Buffett, Bill and Melinda Gates Lacy O’Toole | CNBC But in a major article this week, the Times says that over the past two years, “there has been a growing backlash from the billionaires who are its target donors,” including a “quiet campaign by one pro-Trump tech billionaire to destroy it.” Peter Thiel tells the Times he has privately…
Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…
A view of the Mastercard company logo on its stand during the Mobile World Congress in Barcelona on March 1, 2017. Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard on Tuesday said it agreed to acquire BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion. It’s the payment network’s…
