Crypto Ethone

Investors Pour Over $100 Million In New Bitcoin IRA Program; Robinhood To Expand Crypto Business Bitcoin IRA , a digital IRA letting users buy, sell and swap cryptocurrencies for their retirement accounts, now has over $100 million invested into its new program,  IRA Earn , according to a  press release . The new program offers interest rates of up to 6 percent annually on cash, 2.7 percent on Ethereum and 2 percent on Bitcoin, the release stated. Retirement account owners will now be able to use the program in order to boost yearly returns for their Traditional or Roth IRAs and/or 401(k)s, according to the release.  Users with $100,000 could then earn $30,000 in IRA Earn in around five years, for example. Highlights of the program include high interest rates, low minimums, monthly payouts and the lack of a lockup period, the last of which means users can earn interest without long-term commitments, the release stated. In other news,  Robinhood , a popular brokerag...

  The SafeMoon is deflationary and rewards the holders.  Every time a transaction has been made, a 10% fee is taken out from the seller, incentivizing people to hold instead of sell.  From that 10%, 5% is burned (causing deflation, the supply constantly shrinking) and the other 5% is split up and sent to all the holders wallets.  When you hold this coin, you will see your token quantity constantly growing.  The team is not anonymous and have been working non stop for this project, and constantly engages with the community in their Reddit  and Discord .  This token also has the highest amount of holders out of all the new deflationary tokens that have popped up recently. Enjoy!

Jim Cramer shared his thoughts on the latest developments in the banking sector after Morgan Stanley   ( MS ) - Get Report  announced it was going to   offer Bitcoin funds to wealthy clients .  Cramer believes it's important for   more banks to have cryptocurrency payments . The crypto investment products will be made available via Morgan Stanley's capital distribution network. Coinbase  submitted plans to sell 114.9 million shares in a direct-listing initial public offering. Bank of New York Mellon   ( BK ) - Get Report  joined several investment banks by participating in seed-capital rounds for crypto custody companies. Looks like Coinbase could be the first of many crypto exchanges to explore an IPO after eToro announced it's heading to public markets with Kraken to follow. JPMorgan   ( JPM ) - Get Report  put out a report saying volumes of institutional trad...

  SCA to issue approval for firms offering, issuing, listing, and trading crypto assets. The Dubai MultiCommodities Centre (DMCC), a free zone dedicated to commodities trade and enterprise, will establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets. A memorandum of understanding (MoU) was signed by the Securities and Commodities Authority (SCA), which will see businesses dealing with crypto assets gain access to bespoke licences offered by the DMCC Crypto Centre. Working closely with DMCC’s onboarding teams, the SCA will issue approvals for crypto-related businesses looking to set up in the free zone. The SCA will subsequently regulate the crypto activities in line with its policies that were introduced in October 2020.  The agreement will foster growth within the sector and promote the development of blockchain applications in Dubai. “Through this agreement with the SCA, the DMCC is expanding its current range of crypto asset...

BNY Mellon says it is entering crypto custody to serve growing interest in digital assets among institutional investors. PHOTO:  MARK KAUZLARICH/BLOOMBERG NEWS Investment in Fireblocks comes as BNY Mellon pushes into digital-asset custody Bank of New York Mellon  Corp.  BK  0.41%  is investing in a cryptocurrency startup, the latest move by a traditional Wall Street player to embrace digital assets. The startup, Fireblocks, builds tools for the secure storage and transfer of bitcoin and other cryptocurrencies. BNY Mellon plans to use Fireblocks’s technology to underpin a new business that the bank unveiled last month, in which it plans to serve as a custodian for digital assets on behalf of institutional investors. BNY Mellon’s strategic investment in Fireblocks is part of a larger funding round that Fireblocks announced Thursday, after news of the investment was first reported by The Wall Street Journal. The New York-based startup raised $133 million...

  Grayscale Investments has launched five new cryptocurrency investment products, which are now available for subscription by eligible individual and institutional accredited investors. The company now offers a total of 14 crypto investment products. The new products are the Basic Attention Token (BAT) Trust, the Chainlink (LINK) Trust, the Decentraland (MANA) Trust, the Filecoin (FIL) Trust, and the Livepeer (LPT) Trust.  They function the same as Grayscale’s other single-asset investment trusts, the company announced Wednesday. Grayscale’s other single-asset investment products provide exposure to bitcoin, bitcoin cash, ethereum, ethereum classic, horizen, litecoin, stellar lumens, and zcash.  The company also offers the Digital Large Cap Fund, which provides exposure to the top cryptocurrencies by market capitalization. As of March 16, Grayscale Investments has $42.9 billion in net assets under management (AUM) across all of its products. Some Grayscale products ar...

  Six people were arrested in FBI raids in New Hampshire Tuesday as part of a crackdown on an allegedly unlicensed cryptocurrency exchange business based in Keene, authorities said. Federal prosecutors say the New Hampshire residents operated a virtual currency exchange, in which people exchange cryptocurrency like Bitcoin for fiat currency like the U.S. dollar, but did so in violation of federal laws and rules that prevent money laundering.  Some of the accused allegedly tried to hide the scheme as a religious institution. Some of the accused "engaged in substantial efforts to evade detection of their unlawful virtual currency exchange scheme by avoiding answering financial institutions’ questions about the nature of the business and misleading financial institutions into believing their unlawful virtual currency exchange business was instead a religious organization receiving charitable contributions," according to the U.S. Attorney for the District of New Hampshire'...