Fidelity lobbies for Bitcoin ETF, Ray Dalio thinks that regulators will kill BTC and $2B for Coinbase

Photo by Executium on Unsplash

Coinbase increases junk-bond offering to $2B

According to The Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven- and 10-year bonds, offering interest rates of 3.375% and 3.625%, respectively.

However, the exchange’s bonds were rated one rank below investment-grade, with Bloomberg bond indexes indicating that similar debt offerings fetch a 2.86% yield on average.

Source: Cointelegraph

Fidelity lobbies SEC to approve Bitcoin ETF in private meeting

A private meeting was held on Sept. 8 among Fidelity Digital Assets president Tom Jessop, six of the firm’s executives and several SEC officials. The finance executives laid out a number of reasons why the regulator should approve the investment product. These include increased demand for digital assets and related products, the prevalence of similar funds in other countries, and the rise of Bitcoin adoption.

Source: Cointelegraph

World’s largest hedge fund manager says regulators would kill Bitcoin

Dalio who has turned into a Bitcoin proponent after bashing it for years, recently revealed he holds Bitcoin himself and called it a better alternative to Gold. Dalio’s comments come at a time when the US regulatory environment is pretty heated up.

“I think at the end of the day if it’s successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it.”

Source: Coingape

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