Browsing:Market

Demand for Tokenized US Treasuries Soars as BlackRock, Franklin Templeton Invest
22 hours ago 1 min read

Demand for Tokenized US Treasuries Soars as BlackRock, Franklin Templeton Invest

The market for tokenized US treasuries has experienced a growth of more than 1,000% as a result of elevated interest rates and a significant increase in demand for secure, high-yielding assets that are recorded on a blockchain. By June, the market has achieved a valuation of $1.64 billion, with BlackRock‘s BUIDL fund surpassing Franklin Templeton’s BENJI. The increase in numbers demonstrates the increasing acceptance and utilization of real-world asset (RWA) tokenization, as prominent institutions such as Goldman Sachs and JPMorgan allocate investments towards these technologies. Tokenization is the process of converting real-world assets into digital tokens. This allows for advantages

The EU's new MiCA regulation promises to transform the crypto industry
3 days ago 2 mins read

The EU’s new MiCA regulation promises to transform the crypto industry

The implementation of the Markets in Crypto-Assets (MiCA) legislation marks a significant achievement for the crypto sector in the European Union (EU). This regulation offers clear legal guidelines, fosters innovation, and strengthens investor confidence by offering thorough instructions. MiCA implements a regulatory framework that might serve as a model for other regions. It effectively tackles regulatory concerns, promoting fair competition among crypto institutions and minimizing fragmentation among EU member states. Ilya Volkov, the Chief Executive Officer (CEO) of YouHodler, holds the belief that MiCA represents a significant and innovative advancement in establishing a unified regulatory framework for cryptocurrency assets throughout

3iQ Digital Asset Management
5 days ago 1 min read

3iQ Digital Asset Management is set to launch North America’s first Solana ETP

3iQ Digital Asset Management has submitted an initial prospectus for The Solana Fund (QSOL) to Canadian securities authorities, with the exception of Quebec. If authorized, QSOL will become the inaugural exchange-traded product (ETP) for Solana (SOL) in North America. It will be listed on the Toronto Stock Exchange (TSX) with the ticker symbol “QSOL.” This action is a noteworthy achievement for 3iQ, renowned for introducing the initial openly traded Bitcoin and Ether funds in Canada. QSOL seeks to provide investors with exposure to the price fluctuations of SOL in US dollars and presents an opportunity for long-term appreciation of capital.

Aptos Labs partners with NBCU to transform fan experiences with Web3 and Blockchain
5 days ago 1 min read

Aptos Labs partners with NBCU to transform fan experiences with Web3 and Blockchain

Aptos Labs has announced a multi-year strategic development agreement with NBCUniversal, aiming to revolutionize fan experiences, loyalty, and gaming through blockchain technology and Web3. The agreement will explore integrating accessible blockchain technology and Web3 with NBCUniversal’s properties, connecting fandoms to the content they love. Mo Shaikh, co-founder and CEO of Aptos Labs, aims to deliver world-class, internet-grade blockchain products and solutions to the market. Universal Pictures, Vice President of Technology Partnerships, believes the multi-year partnership will help deepen fan relationships and deliver more of the media and entertainment experiences audiences crave. Aptos will expand on NBCUniversal’s previous initiatives that cultivated

Luxolo Launches Cryptocurrency Investment App
5 days ago 1 min read

Luxolo Launches Cryptocurrency Investment App

Luxolo, a crypto service, has released a very advanced application on both the iOS and Android platforms. The application seeks to transform the management and investing of cryptocurrencies by providing tailored guidance and a design focused on the needs of the user. Luxolo distinguishes itself from larger competitors in the market by its distinctive blend of a concierge service and a user-friendly app. The main characteristics of this product are personalized assistance from a concierge, secure storage of assets by the user, an easy-to-use platform, up-to-date market information, secure transactions, easier management of investment portfolios, instructional materials, and a wide

Bring, The First White-label Crypto Cashback Provider, Expands Funding To $1.1 Million
5 days ago 2 mins read

This First White-label Crypto Cashback Provider Expands Funding To $1.1 Million

Bring web3, a participant in the crypto industry, has declared the successful augmentation of its funds to further the development of its platform and enhance its growing network of key partners. Bring, a pioneering white-label crypto cashback provider, has successfully concluded a 1.1 million dollar SAFE round, further cementing its dedication to innovation and its goal of transforming the crypto cashback ecosystem. Bring’s cutting-edge platform offers cashback rewards for purchases made from 450 retailers in various categories such as fashion, electronics, health and beauty, and travel services. Web3 wallets and exchanges incorporate Bring’s white-label solution to provide users with a

Hashdex proposes a Bitcoin and Ethereum ETF to the SEC
6 days ago 2 mins read

Hashdex proposes a Bitcoin and Ethereum ETF to the SEC

Hashdex, an asset management firm, has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that merges spot Bitcoin (BTC) and Ethereum (ETH). The Hashdex Nasdaq Crypto Index US ETF seeks to offer investors direct exposure to the top two cryptocurrencies, representing a notable step towards incorporating crypto assets into conventional financial markets. The ETF’s portfolio will be comprised primarily of Bitcoin and Ethereum, while cash reserves will be maintained only for covering expenditures. The fund will utilize a passive investment approach by closely following the Nasdaq Crypto US Settlement Price Index

The SEC concludes its investigation into Ethereum 2.0
7 days ago 1 min read

The SEC concludes its investigation into Ethereum 2.0 without enforcement action

The US Securities and Exchange Commission (SEC) has completed its inquiry into Ethereum 2.0 and has chosen not to pursue legal action, which is a notable triumph for Ethereum. This decision might establish a standard for how digital assets are regulated under US securities law. The SEC’s move to reassess its 2018 stance on Ethereum, categorizing it as not a security, prompted a lawsuit from Consensys. The case aimed to validate Ethereum’s classification as a commodity. Consensys urged the SEC to acknowledge the approval of Ethereum-based ETFs in May, contending that this action should bring an end to the SEC’s

The Swiss FINMA shuts down the crypto-linked FlowBank SA
1 week ago 1 min read

The Swiss Financial Market Supervisory Authority (FINMA) shuts down the crypto-linked FlowBank SA

FlowBank SA, a financial institution connected to crypto, has been closed by the Swiss Financial Market Supervisory Authority (FINMA) due to its financial instability and operational problems. The bank was discovered to have excessive debt and was unable of fulfilling the essential capital prerequisites, resulting in significant violations of its capital standards. FlowBank has been under scrutiny by FINMA since 2021 for violating regulatory requirements. Despite the appointment of an autonomous auditor and supervisor in June 2023, the situation worsened due to persistent compliance concerns and violations in capital ratio. FlowBank confirmed its closure in a letter to clients, citing

Ripple Labs argues for reduced SEC penalties by citing the Terraform Labs case
2 weeks ago 1 min read

Ripple Labs argues for reduced SEC penalties by citing the Terraform Labs case

Ripple Labs Inc. has submitted a fresh notification to the Southern District of New York with the intention of swaying the court’s perspective on the Securities and Exchange Commission’s suggested sanctions and ultimate ruling. Ripple’s legal team, headed by Michael K. Kellogg, cite a parallel lawsuit involving Terraform Labs, in which Terraform and CEO Do Hyeong Kwon were convicted of significant securities fraud. Terraform was mandated by the court to make a payment of $3.59 billion as disgorgement, along with a civil penalty of $420 million. This penalty amounts to approximately 1.27% of their total revenues, which stood at $33

Paradigm, a leading venture capital firm specializing in cryptocurrencies
2 weeks ago 1 min read

Paradigm Launches $850 Million Fund for Early Crypto Projects Amid Market Recovery

Paradigm, a leading venture capital firm specializing in cryptocurrencies, has initiated a $850 million fund to provide financial backing for emerging crypto businesses in their early stages. The fund seeks to emphasize the profound impact of the cryptocurrency industry and the increasing inclination towards investing in emerging enterprises. Matt Huang, one of the co-founders of Paradigm, highlights the significance of advancing a favorable future for crypto and underscores the firm’s dual position as investors and creators. The fund is being established in response to a larger pattern in which other prominent venture capital companies are making substantial investments in the

Ark Invest
2 weeks ago 1 min read

Ark Invest sells 323,801 Robinhood shares, spread throughout its three funds

Cathie Wood’s Ark Invest carried out a significant sale of Robinhood Markets Inc. (HOOD) on June 10, 2024. This was done in spite of the fact that the crypto exchange had recently bought Bitstamp. More than $7.5 million in revenue was earned by the company as a result of the selling of HOOD shares, which led to a considerable decrease in the stock price. A total of 323,801 shares were sold by Ark, and the proceeds were spread among its three funds, which are the Ark Innovation ETF (ARKK), the Ark Next Generation Internet ETF (ARKW), and the Ark Fintech

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