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By: on October 27, 2021
The first bitcoin futures exchange-traded fund in the United States debuted on Tuesday. The ProShares ETFs offer access to bitcoin futures contracts, which are agreements contracts to buy or sell the asset at a certain price in the future. The launch marks is a watershed moment for the cryptocurrency industry. What is Bitcoin Futures Exchange-Traded Funds (ETFs)? ...
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By: on October 27, 2021
175-year-old Associated Press (AP), the world's most trusted news agency, will provide economic, sports, and election data to Chainlink, a system that feeds information into blockchains and triggers digital contracts in order to facilitate transactions. The Associated Press announced on October 21 that smart contract developers would have access to the agency's "economic, sports, and race call data" once the node was live. ...
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By: on October 13, 2021
Axie Infinity, a video game company, raises $150M at $3B valuations in Series B funding round. A16z will lead the funding round forAxie Infinity. Axie Infinity is a play-to-earn video game enabled by blockchain. The Information on Monday reported that it had raised about $150 million in a Series B funding round which makes its tidal valuation $3 billion valuations. The Information also stated that the venture giant Andreessen Horowitz would lead the funding round. Axie Infinity uses NFTs (...
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By: on October 13, 2021
The country’s Fifth-Largest Bank, U.S. Bank, has introduced custody for Bitcoin Cash, Litecoin, & Bitcoin in partnership with NYDIG on October 6, 2021. The bank is also planning to add support for other coins such as Ethereum in the future. U.S. Bank today announces that it has launched Bitcoin custodial services. Private funds holding Institutional investment managers in the U.S. or the Cayman Islands can now delve into the bank’s service to store their private keys. The bank is worki...
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By: on October 13, 2021
The U.S. Department of Justice announces the creation of a new cryptocurrency enforcement team to tackle financial crime DOJ will frame a crypto enforcement group that will fight the cybercrime and money laundering issues. The group will help to DOJ’s ability to strengthen to fight crimes in the crypto sector. Lisa Monaco, the U.S. Deputy Attorney General, announced the news at the Aspen Cyber Summit. She claims that the group will "strengthen" the DOJ's ability to disable financial mark...
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By: on September 27, 2021
Kava, the decentralized finance (DeFi) platform, is investing a huge amount of funding into its ecosystem expansion to make DeFi suitable for the general public. The multi-channel DeFi platform announced on September 22 that it is embarking on the next phase of growth with the launch of the Kava ecosystem. Kava is launching the $ 185 million Ignition Fund Using roundtable funding. It aims to integrate high-quality DeFi projects with this funding and adapt them to what they describe as the...
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By: on August 24, 2021
Investment giant Fidelity, a Boston-based firm has made Bitcoin the main focus in their digital assets division as 90% of its biggest clients are interested in Bitcoin. Christine Sandler, head of sales and marketing for Fidelity in an interview mentioned that its clients are interested in accessing Bitcoin. She explained that institutional interest in Bitcoin has been accelerating like never before. ...
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By: on July 6, 2021
NCR and NYDIG will now be having a deal of 650 US banks to provide the bitcoin purchases to people. This certainly will create quite a buzz for some time because of its use that can benefit a many people. On June 30, spokesperson for NYDIG commented that this deal shall allow 650 US-based banks and credit unions which of course would invite different services associated with purchase of bitcoin and crypto trading. The partnership announcement: ...
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By: on June 29, 2021
Canadian Regulator Ontario Securities Commission has taken action against crypto exchange Bybit for not complying with securities law. The Canadian regulator has published a Statement of Allegations against Bybit for failing to comply with Ontario securities law. OSC says Bybit which is incorporated in the British Virgin Islands, is operating as an unregistered crypto asset trading platform, and encouraging Ontarians to use the platform, and allowing Ontario residents to trade crypto ...
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By: on June 25, 2021
CNN is selling the launch of Vault by CNN: Moments That Changed Us – a fresh non-fungible token (NFT). Blockchain technology is delivering for CNN users. For 41 years, CNN has gone to extraordinary lengths to broadcast and document the global stories of our time. CNN will house a choice set of digital collectibles- ...
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