SECOND CHANCE: The SEC is reviewing the rejection of a recent bitcoin exchange-traded fund (ETF) proposal put forth by Bitwise Asset Management. Overturning the rejection would clear the way for potentially the first bitcoin ETF in the U.S., following years of anticipation of a mainstream-ready investment product. Full story
DON’T BANK ON IT: The Royal Bank of Canada is not currently planning to build or launch a cryptocurrency exchange, CoinDesk has confirmed. Bank spokesperson Ed Jones pushed back on recent media reports that Canada’s largest bank was exploring the development of a crypto exchange, saying that patent applications filed by the bank do not indicate any intention to actually launch an exchange. Full story
BISON BACKING: Libra Association member Bison Trails has secured a $25.5 million Series A funding round led by Blockchain Capital, with Coinbase Ventures, ConsenSys, Kleiner Perkins and more also investing. “As the only blockchain infrastructure firm in the Libra project, we'll contribute to building the new system with Facebook,” said CEO Joe Lallouz. Full story
PAYPAL BACKED: Compliance startup TRM Labs raised $4.2 million from backers including Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures. The investment marks PayPal’s second foray into blockchain. Full story
CRYPTO FIRST? Grayscale Investments, the asset management subsidiary of Digital Currency Group, is filing to register its Bitcoin Trust as a Securities and Exchange Commission (SEC) reporting company. If approved, the trust’s shares would become the first cryptocurrency investment vehicle to become a reporting company. Full story |
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| COINDESK WEBINAR: CoinDesk Research is hosting a free Webinar tomorrow, November 20! Join us at 12pm ET to hear from Catherine Coley, CEO of BAM Trading Services (Binance.US), and Sam Bankman-Fried, co-founder and CEO of Alameda Research and FTX. We’ll talk to them about launching new exchanges, where to find liquidity, institutional involvement in the market and much more. Sign up here |
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