Tag: Securities

Securities

Edgewater Launches Equity Offering for Crypto Spin-Off

Edgewater Markets has launched an equity offering for its new crypto-focused spin-off, Edgewater Digital Technologies (EDT). EDT plans to launch a digital asset trading platform – Crypto Prime Trader – later this year, and to help accelerate its development and launch, Edgewater is offering up to $25 million of preferred equity in a private placement. […]

RMB Securities Added to Bloomberg Indices

Chinese RMB-denominated government and policy bank securities are set to be added to the Bloomberg Barclays Global Aggregate Index.The inclusion in the index will start in April 2019 and be phased in over a 20 month period.When fully accounted for in the Global Aggregate Index, local currency Chinese bonds will be the fourth largest currency component following the USD, EUR and JPY. Using data as of January 24, 2019 the index would include 363 Chinese securities and represent 6.03% of a $54.07 trillion index upon completion of the phase-in

SEC Official Clarifies Bitcoin, Ether Aren’t Securities

A Securities and Exchanges Commission (SEC) official explicitly stated today that he does not consider bitcoin and ether (the native cryptocurrency of the Ethereum network), to be securities.

Speaking at the Yahoo Finance All Markets Summit in San Francisco, William Hinman, the
Director of the Division of Corporation Finance at the SEC, gave a speech about whether digital assets should be considered as securities.

Hinman pointed out that the network upon which bitcoin functions has always been decentralised and therefore there is no central third party “whose efforts are a key determining factor in the enterprise”.