Crypto News 

IRA Bitcoin Allowing for Approved Crypto Exposure in Retirement Funds

“In particular, most IRA custodians are banks and broker-dealers that limit the holdings in IRA accounts to select stocks, bonds, mutual funds, and CDs” reports financemagnates.com. As US retirement funding creeps upwards, investors are increasingly find new forms of exposure via their Individual Retirement Account (IRA) or 401k.The group is also leveraging strategic partnerships with a number of highly rated IRA custodians, cryptocurrency exchanges and secure digital wallet providers. Our proprietary system allows you to cash out your positions or cross purchase other cryptocurrencies easily and securely, allowing the account…

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Thousands of federal workers stay home on first work day of the shutdown

“Tens of thousands of federal employees sat home on Monday, the third day of the partial government shutdown, but the first work day of the event” writes Pete Kasperowicz for washingtonexaminer.com. “Most employees who perform functions paid by appropriated funds are being furloughed,” Treasury said in its shutdown plan.”Civilian employees paid from lapsed appropriations and who are not necessary to carry out or support excepted activities will be furloughed,” it said. Source: washingtonexaminer.com Share This:

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Crypto News 

Social investing, bitcoin and other hot topics at the world’s biggest ETF conference

“Pension funds, sovereign wealth funds, insurance companies are not just investing but in some cases founding their own ETF firms” writes unknown author for cnbc.com. Many are moving away from active management and instead using asset allocation with index-based ETFs.”. Last year was the biggest year ever for ETFs — with the biggest inflows ever (nearly $480 billion) and record assets under management ($3.2 trillion).Here’s a rundown of the hot trends everyone is talking about: Maybe, but it’s a very tough sell, as Fuhr points out, “Most active management have…

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What’s open and what’s closed during a government shutdown

“The federal government partially shut down for the first time since 2013 early Saturday, after a House-passed funding bill could not clear the Senate amid wrangling over immigration and spending” reports marketwatch.com. OPERATIONS THAT WILL BE HALTED: IRS will halt most audits and won’t issue refunds FAA’s aircraft registry will close, halting the delivery of new aircraft and the sale of used ones STILL OPERATING (ALTHOUGH WITH LIMITED SERVICE IN SOME CASES): Federal Reserve (though certain statistical reports may be delayed if shutdown goes into February Energy Department (some operations…

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Crypto News 

SEC details concerns over crypto investments, demands answers from fund managers on how mutual funds/ETFs will store, safeguard, and price cryptocurrency assets

“A host of companies are jostling to launch exchange-traded funds which would open up the cryptocurrency to a broad retail market” writes Min Read for reuters.com. The SEC’s division of investment management demanded answers to at least 31 detailed questions about how mutual funds or exchange-traded funds based on bitcoin would store, safeguard, and price that asset.The SEC in March denied a request to list an ETF from investors Cameron and Tyler Winklevoss, owners of the Gemini bitcoin exchange.Bitcoin’s 1,500 percent surge last year stoked investor demand for any product…

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Crypto News 

Cryptocurrency ETFs Are Off the Table for Now, the SEC Says

“The SEC essentially said there were too many unanswered questions to allow for cryptocurrency ETFs without creating excessive risks for investors” writes David Meyer for fortune.com. The Securities and Exchange Commission (SEC) has turned down plans by members of two Wall Street trade groups to set up exchange-traded funds (ETFs) for bitcoin and other cryptocurrencies, essentially killing off the idea for now.The SEC already blocked the creation of a bitcoin ETF by the Winklevoss twins, Tyler and Cameron, last year.And if there’s potential market manipulation going on, how might that…

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Crypto News 

U.S. Watchdog Outlines Issues With Bitcoin ETFs, Mutual Funds

“The agency has slammed the brakes on at least a dozen proposed bitcoin ETFs and two cryptocurrency mutual funds that had tried to use a fast-tracked process to list the products” writes unknown author for bloomberg.com. The U.S. securities regulator raised a series of investor protection concerns about cryptocurrency mutual and exchange-traded funds, the strongest sign yet that the world’s biggest market isn’t likely to see the products any time soon.In March, the SEC rejected a proposal to list an ETF backed by the Winklevoss twins, Tyler and Cameron, who…

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Three major incumbents are dedicating funds to fintech

“Discusses what the future of financial services will look like as fintech embeds itself into the financial mainstream” writes Lea Nonninger for businessinsider.com. And now, three big incumbents — US financial holdings company BB&T, UK bank Standard Chartered, and Japanese financial services company SBI Holdings — are adding fuel to this trend by launching new fintech funds.This is good news for the fintech industry, as the three incumbents will likely fund a plethora of fintechs and implement their solutions throughout the next year.Maria Terekhova, research analyst for BI Intelligence, Business Insider’s…

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US to withhold $65m in aid for Palestinian refugees

“The state department notified the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) of the decision in a letter, Nauert said” writes Reuters In Washington for theguardian.com. A Palestinian official quickly criticized Washington’s decision to withhold some of the money and the United Nations secretary general, Antonio Guterres, said he was unaware of any cut in aid but he was “very concerned” about the possibility.The funds provided by the United States will prevent that from happening for the immediate future,” the official said, saying the additional “$65m will…

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