A European digital asset investment business, CoinShares, recently concluded acquiring Valkyrie Funds. As part of the deal, CoinShares now gets the sponsor rights to Valkyrie Funds’ spot Bitcoin ETFs. According to CoinShares’ announcement on March 12, the acquisition includes the firm’s financial advising company, Valkyrie Investments, as well as the
Prominent Ethereum-based crypto wallet MetaMask is reportedly working with Mastercard to test an all-on-chain payment card. The advertising materials state that this Baanx-issued payment card will be compatible with Mastercard’s extensive network. A possible partnership between MetaMask and Mastercard would unite two behemoths in the business world. With more than
In a press release on Monday, the Financial Conduct Authority (FCA) of the United Kingdom confirmed that it will not oppose efforts by Recognised Investment Exchanges (RIEs) to establish a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This move further confirms the growing institutionalization of crypto markets. Professional
Aims to launch spot Ethereum and Bitcoin ETFs were spurred by the growing cryptocurrency sector and the recent regulatory green light in Hong Kong. As applications for spot Bitcoin ETFs are coming in fast, there have been reports that Hong Kong might launch spot Ethereum ETFs before the U.S. Ten
Decentralized autonomous organizations (DAOs) now have a legal framework thanks to a measure signed into law by Wyoming Governor Mark Gordon. Furthermore, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology of the legislature supported the law, which establishes a formal framework for decentralized unincorporated non-profit organizations (DUNAs)
U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
In an effort to better control the operations of cryptocurrency companies, the Nigerian SEC has issued new regulations. Reportedly, this new set of rules is an effort to reduce instances of digital currency fraud and money laundering. The revision of operating standards coincides with the fact that Binance, a leading
Grayscale Investments, an asset management business, has launched a new staking fund in addition to its spot Bitcoin ETF. The Grayscale Dynamic Income Fund (GDIF) is a recently established cryptocurrency staking fund that was detailed in a post on twitter. An announcement from Grayscale states that this is their first
The winners of the CMC Crypto Awards 2024 have been revealed by CoinMarketCap after ten days of public voting, in-depth data analysis, and talks with an expert committee. The CMC Crypto Awards are an annual celebration of the remarkable individuals, products, and initiatives influencing Web3 and cryptocurrency. The winners were
A further triumph in the extradition case to the U.S has been achieved by Terra co-founder Do Kwon. An official translation of Tuesday’s announcement states that the highest court in Montenegro reversed a lower court’s decision to extradite Do Kwon to the United States. Do Kwon has now won three
