VanEck files for Bitcoin Strategy ETF with the SEC
VanEck once again files for a Bitcoin Strategy ETF with the SEC after previously doing so in 2017. The fund will not directly invest in Bitcoin. VanEck, an asset management, is attempting to launch a Bitcoin Strategy exchange-traded fund after failing to do it four years ago. On August 9, VanEck filed a prospectus for […]
Andreessen Horowitz leads a $111M token sale for Helium Inc.
Andreessen Horowitz leads major blockchain funding round for Helium Inc., the fund will help the latter expand its decentralized 5G network. Helium Inc., a decentralized wireless infrastructure provider, has completed a $111 million token sale spearheaded by some of the industry’s largest venture capital companies . Several venture capital firms, including Andreessen Horowitz, bought into […]
Teller Finance launches its mainnet on Polygon
Lending protocol platform Teller Finance has launched its mainnet on Polygon, thereby overcoming many of the current challenges associated with Ethereum. Teller Finance, a non-collateral lending protocol for the DeFi industry, has launched its mainnet on Polygon, marking an important step forward in the company’s mission to provide scalable , user-friendly solutions. Users may instantly […]
BitMEX to pay about $100M in penalties to FinCEN and CFTC
Cryptocurrency derivatives exchange BitMEX will pay about $100 million to the Financial Crimes Enforcement Network (FinCEN) and Commodity Futures Trading Commission (CFTC) for illegally operating a crypto trading platform. The US District Court for the Southern District of New York had entered a consent order for HDR Global Trading Limited, 100x Holding Limited, ABS Global […]
Hackers stole at least $600M from PolyNetwork
Today, the PolyNetwork interoperability protocol was hacked, at least $600.3 million in stolen funds has been made off with by the assailant. Unknown hackers utilised an exploit in the cross-chain protocol PolyNetwork to remove at least $610 million from three chains in what could be the greatest attack in the history of decentralised finance. PolyNetwork […]