DeFi ranks first in Coinbase Ventures’ 2021 portfolio breakdown
In 2021, Coinbase Ventures associate Connor Dempsey published a portfolio breakdown, revealing that DeFi was tied with centralized finance as the top category. Coinbase Ventures is the venture capital arm of Coinbase, the world’s largest cryptocurrency exchange. According to Dempsey’s post, the firm made just under 150 new deals in 2021, bringing its total portfolio […]
Hong Kong Regulators Clamp Down on Investing in Spot Crypto ETFs
The new Hong Kong laws protect investors by limiting the selling of spot ETF products to professional investors. Hong Kong’s financial regulators have issued new guidelines for intermediaries who want to sell clients virtual asset-linked products like exchange-traded funds (ETFs). The new rules target products such as spot ETFs , which track the current price of […]
El Salvador’s Chivo wallet continues to fail, and users are looking for answers
Over the past month, there has been a range of complaints about Chivo on social media. While many people spent the holidays with friends and family, at least dozens of people in El Salvador were chasing down customer support for their government-provided bitcoin wallets — and tweeting about it. Sometime between November and December, the […]
Fidelity seeks approval for a Metaverse-based ETF from the SEC
Proshares had earlier filed for a metaverse based ETF last year now Fidelity seeks SEC approval for its own Metaverse ETF which it says will track companies developing and selling products for the metaverse. Fidelity Investments has applied for a Metaverse ETF , which will track public businesses with exposure to the blockchain-based network of […]
Google Cloud launches a digital assets team to boost blockchain adoption
In a bid to foster blockchain adoption, Google Cloud has formed a digital assets team that aims to accelerate customers efforts in the emerging blockchain and crypto spaces. Yolande Piazza, Google Cloud’s VP Financial Services, announced on Thursday that the company has formed a Google Cloud digital assets team to help clients create, trade, store […]