Bitwise Acquires ETC Group to Enter European Market
The acquisition of ETC Group, a crypto investment firm, has enabled Bitwise, an asset manager based in San Francisco, to enter the European markets. ETC Group, a London-based firm, has a portfolio of products that includes a physical range of crypto exchange-traded products (ETPs), including Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP […]
Italy’s Hype Launches Bitcoin Trading Service
Hype, previously owned by the Italian bank Banca Sella, now provides Bitcoin trading services to its customers, marking a major step forward in crypto adoption. In a recent development, Hype, formerly owned by one of Italy’s oldest banks, Banco Sella, has begun offering Bitcoin trading services to its customers. This move has sparked discussions in the market, […]
US Policymakers Criticize California AI Bill
In response to criticism from Speaker Emerita Nancy Pelosi, California State Senator Scott Wiener defended an AI bill, urging that safety should not be utterly dependent on technology companies and VCs. The Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, also known as Senate Bill 1047, in California mandates that AI developers establish […]
Bitwise To Acquire ETC Group To Broaden ETF Presence
The ETF market is becoming a significant hotbed for crypto-focused organizations like Bitwise as it designs the buyup of ETC Group. Bitwise, an investment asset management firm, is advancing its ETF journey with a new acquisition. The firm recently announced its plan to acquire London-based digital-assets issuer ETC Group, although the terms of the deal remain […]
Gate.io, Abu Dhabi Blockchain Center Partner to Launch $100M Web3 Fund
Gate Ventures, the venture capital branch of Gate.io, has partnered with the Blockchain Center in Abu Dhabi to establish a $100 million fund dedicated to advancing Web3 innovation in the US, Asia, Europe and the MENA region. On August 19, Gate.io announced the establishment of Falcon Gate Ventures, a joint venture that assists Web3 developers. […]