The founder of Vault Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF).Vault Equity CEO and founder Tad Park voiced support for the U.S. Securities Exchange Commission (SEC) regarding the regulator’s unwillingness to approve an ETF that would track Bitcoin directly.In a Tuesday Fox Business interview, Park argued…
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya. Crypto Searches in Kenya Highest in Africa According to a Citizen newspaper report, searches for…
Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts unfazed by BTC price pullbackData from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp.After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction…
Six months following its application with the Australian Securities Exchange (ASX), BetaShares is now close to launching a new crypto-focused exchange-traded fund (ETF).According to an Oct. 13 announcement, the official name of the Aussie ETF manager’s new product is BetaShares Crypto Innovators ETF. After relevant regulatory approvals, it would trade under the ticker symbol CRYP on the ASX. As with…
Over the last year, the Terra project has enriched its investors’ wallets. Only since the beginning of 2021, LUNA cryptocurrency has risen by over 4,500%. Also, Terra significantly jumped into the top cryptocurrencies by market capitalization list and got its deserved eleventh place. What’s unique about the LUNA token and overall Terra ecosystem? Let’s figure it out. Decentralized Stablecoins Behind…
Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yield on their crypto holdings.In an Oct. 13 announcement, SEBA Bank said investors could use its Bitcoin (BTC) and Ether (ETH) lending services to generate yields as part of its SEBA Earn program. According to the bank, which focuses on offering digital assets, it planned on integrating…
Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders.The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost the economy $AU1.4 billion (around $US1…
Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars in its upcoming funding round. The company would be taking advantage of the bullish climate the industry is experiencing right now to achieve this important milestone. Also, Consensys is flexing its economic muscle by acquiring Treum, developer of Music NFT service EulerBeats. Consensys…
press release PRESS RELEASE. UniLend Finance published their protocol update blog introducing UniLend v2. The Binance Innovation Zone project has earlier this year enabled Lending for every token along with Flash Loans. The team published an initial blog explaining various innovative features in their upcoming version, which will equip UniLend to handle Lending and Borrowing of more than 9000 assets.…
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, and raises concerns about how…
