Filings for Crypto funds are increasing by the day as the new administration takes charge in the US. Bitcoin was the first crypto to have its exchange-traded funds on conventional market places in 2024. However, we are witnessing other cryptos such as XRP, Solana, and Litecoin ETF filings this year.
Switzerland’s largest bank, UBS, has completed a successful proof of concept for its fractional gold investment product, UBS Key4 Gold. The project utilizes blockchain on ZKsync Validium, an L2 of the Ethereum network. With $5.7 trillion worth of assets managed to date, UBS stands at the forefront of integrating blockchain
Musk’s DOGE Takes on the US Treasury Elon Musk’s Department of Government Efficiency (D.O.G.E.) is gaining attention in Washington, especially after targeting the US Treasury. The development has led to the resignation of a top Treasury official, David Lebryk, reportedly due to disagreements with Musk’s allies. According to reports, the
Presales are like the golden ticket of the crypto world. They give you a chance to get in on the ground floor of a project before it hits the mainstream market. It’s like buying concert tickets before they sell out—except instead of seeing your favorite band, you’re investing in the
In the ever-demanding world of cryptocurrency, it is crucial to gain early insight into potential gainers. A renowned trader spotlights Rexas Finance (RXS), the world’s first real-world asset tokenization platform; Pepe (PEPE), the excellent meme coin; and Solana (SOL), the rising blockchain giant, as primed for significant gains. Whether you’re
The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether). According to a report, the stablecoin market surged by 73% from
India is one of those countries with stringent laws around cryptocurrencies and their adoption. The government first recognized and imposed taxes on digital assets starting from April 2022. Even after losing considerable trading volume following the tax rules, the Indian government hasn’t lowered hefty taxes on crypto income. During the
Canadian asset manager Purpose Investments has filed a preliminary prospectus with regulators to launch the world’s first-ever spot XRP exchange-traded fund (ETF). If approved, the Purpose Ripple ETF would provide investors a regulated and transparent way to gain exposure to XRP, a cryptocurrency widely used in cross-border payments. With over
FTX has settled with K5 Global, resolving a lawsuit that sought to recover $700 million in disputed investments. The bankrupt crypto exchange had sued K5 in June 2023 as part of efforts to reclaim funds before its collapse in November 2022. The settlement will allow FTX to retain its stake
The first quarter of the year sees increased market activity. Many are considering Avalanche, Hedera, and BlockDAG as they search for the best digital asset to acquire. Avalanche’s price movement hinges on its ability to maintain support at $35. A failure to do so could lead to a drop to
