Bitcoin‘s value soared on Tuesday 29th August 2023 after the U.S. Court of Appeals for the DC Circuit deemed the SEC’s denial of Grayscale’s bitcoin trust conversion into an ETF as incorrect. Bitcoin surged 6.5% to $27,683.82, uplifting both cryptocurrenciesand crypto equities. Grayscale won its lawsuit against the SEC, which was filed after the SEC denied Grayscale’s motion to convert $GBTC (Grayscale Bitcoin Trust BTC) into...Read More
On the 24th of November 2022, the association of Annual Financial Market Forum (AFMF) held the 1st annual forum at Amara hotel where a member of the MNK Risk Consulting Compliance team participated in the discussion panel.Read More
Credit rating agency S&P has revised upwards its long-term issuer credit rating on the Bank of Cyprus-BoC to ‘BB-‘from ‘B+’, as a result of improvements in the bank’s asset quality and a reduction in credit risk, allowing the bank to face a harsher economic climate with more resilience. The BoC credit rating upgrade follows last week’s announcement where the agency said that it has revised...Read More
Cyprus Investment Funds can now be uploaded onto the Bloomberg terminal. Access of Cyprus funds to the Bloomberg terminal will provide more visibility and transparency for International Investors regarding the Cypriot funds. Should Local or International Investors be interested in getting an exposure to certain securities, they will be able to screen for the Cyprus funds on Bloomberg that invest in those securities and reach...Read More