Bitcoin News and Finance: What You Need to Know

British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm’s CEO emphasized. Zodia has already expanded into three other Asian markets. Standard Chartered’s Zodia Expanding Into Hong Kong Zodia Custoday, a crypto custody firm owned by Standard Chartered, Northern Trust, and Japan’s SBI, is launching services in Hong Kong, CNBC reported Sunday. The company is based in London and registered in the U.K. with the Financial Conduct Authority (FCA), in Ireland with the Central Bank of Ireland (CBI), and in Luxembourg with the Commission de Surveillance du Secteur Financier (CSSF). Julian Sawyer, the CEO of Zodia, explained that Hong Kong is a market where institutional demand for crypto is stronger than retail demand, making it the ideal market for her company. The executive added: The Hong Kong government ...

Rich Dad Poor Dad author Robert Kiyosaki has recommended an investment allocation that he says may help you survive the greatest crash in world history. Noting that financial experts have promoted a 60/40 portfolio allocation of stocks and bonds, he stressed that people with this allocation will be the “biggest losers.” Robert Kiyosaki’s Recommended Investment Allocation The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared an investment allocation that he believes will help investors weather the upcoming financial crash, which he has warned will be the worst in world history. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The famous author wrote on social media platform X Sunday: “Ship of Fools. Forever and ever financial experts have promoted the idea ‘Smart Investors...

Global asset management firm Alliancebernstein’s research arm expects the U.S. Securities and Exchange Commission (SEC) to approve its first spot bitcoin exchange-traded fund (ETF) in early January 2024. Noting that the regulator “has been actively responding with edits/comments on the ETF applications,” the firm’s analysts said: “The probability of an approval by the Jan. 10 due date looks highly likely.” Spot Bitcoin ETF Approval ‘Highly Likely’ in January Bernstein Research, a subsidiary of global asset management firm Alliancebernstein, expects the U.S. Securities and Exchange Commission (SEC) to approve its first spot bitcoin exchange-traded fund (ETF) in January next year. A memo from Bernstein Research sent to Thestreetcrypto reads: A bitcoin ETF in early Jan is now looking like a ‘done deal.’ The memo explains that the market was waiting to see if the SEC would “ appeal against the Grayscale verdict.” The largest crypto asset manager, Grayscale Investments, is seeking ...

U.S. Treasury Deputy Secretary Wally Adeyemo says crypto is not the vast majority of the ways terrorist groups are funded, noting that these organizations “continued to use the traditional banking system.” His statements followed media reports claiming that Hamas raised a large sum of money in cryptocurrency. Crypto Not Major Funding Source for Terrorist Groups Wally Adeyemo, United States Deputy Secretary of the Treasury, addressed the role of cryptocurrency in financing terrorist organizations during an interview on Friday with the Royal United Services Institute (RUSI)’s Centre for Financial Crime and Security Studies. Several news outlets, including the Wall Street Journal, recently reported that Hamas raised millions of dollars in crypto. However, blockchain data analytics firm Elliptic clarified that these media reports misrepresented its data, and there is actually no evidence that Hamas has received large volumes of crypto funds. Adeyemo said during Friday’s interview: ...