ARK Invest looks to invest in Canadian Bitcoin ETF investment
To invest in Bitcoin ETFs, Cathie Wood’s ARK Invest has modified its prospectus (ETFs). A revised SEC filing for the ARK Next Generation Internet ETF states that “other pooled investment vehicles that invest in Bitcoin, such as exchange-traded funds that are domiciled and listed for trading in Canada (Canadian Bitcoin ETFs)” (ARKW). An exchange-traded fund […]
Litecoin price surges following Walmart’s adoption fake news
Following false allegations from major news agencies that U.S. giant Walmart will be offering a payment option for the cryptocurrency on all of its eCommerce websites, the price of Litecoin soared to more than $237 this morning. According to CNBC , a Walmart spokesperson confirmed a press release on Litecoin was “not authentic” roughly an […]
US Treasury reportedly considers the regulation of stablecoins
The US Treasury Department has apparently explored potential regulation for private stablecoins, despite the market’s expansion. The officials are studying the risks involved if too many people decide to withdraw their stablecoins all at once. According to Reuters, the Treasury held numerous meetings last week to assess the dangers of stablecoins to users, markets, and […]
Crypto traders and exchanges may soon be charged to pay taxes in India
The Indian Income Tax Department is rumoured to be considering charging crypto traders and crypto exchanges shortly. Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments. According to a report by ET Now, India’s tax department, which is part of the Ministry of Finance, has expressed interest in taxing crypto […]
Marvel and DC bars the sale of superhero NFTs by Comic book artists
Marvel and DC seem not to be fine with the tradition of allowing writers and artists to sell unique prints of published works. The comic book giants want to maintain sole control of their intellectual property in the NFT space. According to Bloomberg, the two comic book giants have made it illegal for artists to […]