The Smarter Web Company has raised £10 million ($13.2 million) in the initial public offering (IPO) of its new preferred shares, which start trading on the London Stock Exchange’s Main Market under the ticker MORE at 8:00 a.m. on Wednesday, October 14. That is £5 million ($6.6 million) below the bottom range in the company’s
Strategy bought another 250 Bitcoin for $21.5 million during October 5–11, according to its latest update. It also spent $192.4 million repurchasing STRC preferred shares, while MSTR stock traded near $151 on October 12. The transactions indicate how the company split its spending between Bitcoin acquisition and share buybacks. However, for investors of MSTR, this
Two tokenized funds from CMCC Global now have capital raises open on Bitfinex Securities, each offering a dollar- or Bitcoin-denominated strategy built around quantitative trading gains rather than direct bets on crypto price movements. The offerings cover Crest Fund and Liberty Bitcoin Accumulation Fund (LBAF). Key takeaways Eligible investors can subscribe through October 29. Crest
A new report from Stripe-backed blockchain Tempo argues that a proposed US accounting change could remove a major barrier to corporate stablecoin adoption by allowing qualifying tokens to be classified as cash equivalents on company balance sheets. The report examines an Accounting Standards Update the Financial Accounting Standards Board (FASB) proposed in August that could
The Bank of Korea has ruled out directly operating stablecoin businesses, with Governor Hyun Song Shin telling lawmakers on October 12 that private companies should handle their issuance and operations while the central bank continues developing its institutional digital currency system. During a parliamentary audit held at the Bank of Korea headquarters in Seoul, Shin
Bitfinex Securities has opened capital raises for two tokenized funds from CMCC Global, adding dollar and Bitcoin denominated investment strategies to its securities platform. The offerings cover Crest Fund and the Liberty Bitcoin Accumulation Fund, or LBAF, according to a press release shared with Crypto Briefing. Both funds are being tokenized using Hadron by Tether.
Franklin Templeton met with the Crypto Task Force of the US Securities and Exchange Commission (SEC). The $1.8 trillion AUM financial services giant seeks clarity over how the agency’s innovation exemption applies to tokenized money market funds, tokenized National Market System (NMS) ETFs, and tokenized funds on liquidity pools. Know when yourcoins moveAlerts, real-time prices,