Crypto News

Crypto asset manager 3iQ has debuted one of its hedge fund products as an actively managed certificate (AMC) with the Swiss regulated partner Criptonite Asset Management, the companies said on Thursday.AMCs are regulated investment vehicles that allow qualified investors to invest in actively managed products. The new structured product is due to trade on Swiss Exchange SIX.The 3iQ Criptonite Multi-Factor AMC is a hedge fund that uses a long/short strategy, taking advantage of market uptrends and downtrends with dynamic positioning, according to a press release.A pioneer in the crypto trading arena, 3iQ was one of the first fund managers to list a bitcoin fund, with its Bitcoin Fund on the TSX, and the first with a publicly listed ether fund,...

Bitcoin hit a new all-time high of $111.8k but is experiencing a pullback due to profit-taking by long-term holders. Key support levels are at $103.7k and $95.6k. (Read More)Source link

Hong Kong’s Securities and Futures Commission (SFC) is set to introduce virtual asset derivatives trading for professional investors, aiming to enhance product offerings while ensuring robust risk management. This initiative is part of the city’s strategy to strengthen its position in the global digital asset market, according to Christopher Hui Ching-yu, secretary for financial servicesSource link

Paymium’s Alexandre Stachtchenko explained that if the current version of the EDPB’s guidelines on processing personal data through blockchain technologies is approved, bitcoin might become illegal in Europe. This is because the proposed ruleset identifies public keys as personal data. EDPB Guidelines Might Make Bitcoin Illegal in Europe Bitcoin’s operability in Europe is under attack.Source link

Crypto traders holding XRP XRP and dogecoin DOGE can now tap into yield-generating decentralized finance (DeFi) opportunities on Base, the layer-2 blockchain from digital assets exchange Coinbase (COIN).On Wednesday, the Nasdaq-listed exchange said the wrapped versions of the two tokens, called cbXRP and cbDOGE, were live on Base. These wrapped tokens are backed 1:1 by native coins, meaning that for all cbXRP and cbDOGE in circulation, there is an equivalent amount of XRP or dogecoin held in a secure custody solution by Coinbase.Wrapped tokens represent the original assets in environments where they are otherwise unavailable, offering compatibility with Base's protocol and DeFi applications. This facilitates interoperability, allowing for the seamless transfer of coins within the ecosystem while allowing holders to...