News Centre

SEC Charges FinTech Investment Adviser Titan For Misrepresenting Hypothetical Performance Of Investments And Other Violations - These Charges Mark The First Violation Of The SEC’s Amended Marketing Rule

Date 21/08/2023

The Securities and Exchange Commission today announced charges against Titan Global Capital Management USA LLC, a New York-based FinTech investment adviser, for using hypothetical performance metrics in advertisements that were misleading. The SEC also charged Titan with multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees.

Coinbase Announces Early Tender Results And An Increase In Consideration In Connection With Cash Tender Offer For Up To $150.0 Million Aggregate Purchase Price Of Its Outstanding 3.625% Senior Notes Due 2031

Date 21/08/2023

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced the early tender results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price (the “Maximum Tender Amount”), excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).

Disappointment From SEC ETF Decisions Has Impacted Sentiment - CoinShares: Fund Flows

Date 21/08/2023

• Digital asset investment products saw outflows totalling US$55m, we believe this is in reaction to recent media highlighting that a decision by the US Securities & Exchange Commission in allowing a US spot-based ETF is not imminent.
• Bitcoin saw outflows totalling US$42m, reversing the inflows seen the prior week, while short-bitcoin saw outflows for almost the 17th consecutive week.
• Ethereum saw US$9m outflows, while Polygon, Litecoin and Polkadot also saw outflows of US$0.9m, US$0.6m and US$0.5m respectively.

HANetf Introduces First (Physical Gold) ETC On GPW

Date 21/08/2023

• The first Exchange Traded Commodity (ETC) will be newly listed on the Warsaw Stock Exchange (GPW) on 30 August 2023
• The new product provides exposure to physical gold that has been responsibly sourced by, and is custodied with, The Royal Mint, in Britain
• The European ETF platform HANetf is the issuer of the first physical gold ETC on GPW

SET And MaiA In Collaboration With 3 Alliances Step Forward To Promote SE Potential Via SET Social Impact GYM 2023

Date 21/08/2023

The Stock Exchange of Thailand (SET) has joined forces with mai Listed Company Association (maiA) to continue launching the SET Social Impact GYM 2023 project for the 7th consecutive year. This year, three new partners, namely Thai Health Promotion Foundation (THPF), Thai Credit Guarantee Corporation (TCG) and PwC Thailand, have jointly supported and developed business operating skills for social entrepreneurs (SEs). Nine social enterprises (SEs) have participated in this project to learn the Social Impact and Entrepreneurship skills, attend intensive hybrid training and practical workshops, prior to learning directly from the coaches who are executives of listed companies during August - October 2023.

Borsa İstanbul’s Opening Bell Rang For Baydöner Restoranları A.Ş.

Date 21/08/2023

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:

“Esteemed guests,

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Baydöner at our Exchange."

vitalinvest.org: BaFin Investigates Website Operators

Date 21/08/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the website vitalinvest.org. According to information available to BaFin, the operators are providing financial and investment services via this website without the required authorisation.

dbg-coltdfx.com: BaFin Investigates Website Operators

Date 21/08/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the website dbg-coltdfx.com. According to information available to BaFin, the operators are providing financial and investment services via this website without the required authorisation.

The EBA Updates Data Used For The Identification Of Global Systemically Important Institutions (G-SIIs)

Date 21/08/2023

• This year’s publication includes, for the first time, two additional institutions
• The publication covers 13 indicators used to measure systemic importance
• The data is accompanied by user-friendly tools and bank-specific PDFs

EEX Customer Information - Commission To Assess The Proposed Acquisition Of Nasdaq Power By EEX

Date 21/08/2023

The European Commission has come to the decision to assess the intended transaction between Nasdaq and EEX regarding the sale of Nasdaq’s European power trading and clearing business. Should you be interested in more information, you may find the announcement of the European Commission here.