Bancor, a prominent player in the DeFi space, has found itself at the center of a class-action lawsuit filed in the U.S. District Court for the Western District of Texas. The suit also targets its operator, BProtocol Foundation, and its founders, which claims Bancor deceived investors about its impermanent loss protection mechanism (ILP) and operated as an unregistered security. The…
Ripple has acquired Swiss digital asset custody company Metaco. A deal worth $250 million will see Ripple become the sole shareholder of Metaco which will continue operations as an independent brand. Metaco offers tokenization tools and custody infrastructure for institutions to scale new business models in the crypto economy. They have already provided their services to the likes of Citi,…
After being initially discussed in 2021, the investment fund is now capitalizing on the meme-worthy ticker for its new leveraged Bitcoin ETF. Source: https://cointelegraph.com/app/public/index.php/news/valkyrie-leveraged-bitcoin-futures-etf-application
Betting on crypto may soon be regulated as traditional gambling in the UK. The United Kingdom’s House of Commons Treasury Committee, a cross-party Committee of MPs formed to examine the expenditure, administration, and policies of the British Treasury, has recommended the government regulate crypto trading as gambling, according to a new report. The proposal would mean that the Gambling Commission…
After being initially discussed in 2021, the investment fund is now capitalizing on the meme-worthy ticker for its new leveraged Bitcoin ETF. Source: https://cointelegraph.com/public/index.php/news/valkyrie-leveraged-bitcoin-futures-etf-application
Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since its inception in June 2017, the Bitcoin.com Wallet has seen a rapid rise in user adoption, reflecting the increasing acceptance and adoption of…
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service The Federal Tax Service of…
Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.” The researchers at Kaspersky were able to extract the custom firmware that the hackers had installed on the device.…
In its latest futures-based exchange-traded funds (ETF) filing, Valkyrie is utilizing one of the popular memes from the financial Twitter community, known as “fintwit,” to capture attention and interest. On May 16, the investment firm submitted a new application for a Bitcoin futures-based ETF, aiming for it to be listed on the Nasdaq with the ticker symbol “BTFD.” Both of Valkyrie’s Bitcoin-centric funds…
It’s getting cheaper to lend and borrow your idle cryptocurrencies. Compound Finance has announced that it’s deploying its latest iteration on the popular scaling solution Arbitrum. One of the original decentralized finance (DeFi) products, Compound lets users lend and borrow various cryptocurrencies. The platform was also one of the first to experiment with so-called yield farming, distributing its native COMP…
