Hundreds of billions lost as top Cryptocurrencies—Including BTC, ETH, SOL, ADA plummets
Hundreds of billions of dollars were wiped out of the cryptocurrency market on Tuesday, following an industry-wide crisis that saw the prices of key cryptocurrencies, such as BTC, ETH, ADA, and SOL, fell sharply from near-record highs this week. Over the previous 24 hours, most major tokens, including ethereum, XRP, cardano, solana, and dogecoin, have […]
Novogratz’s crypto firm Galaxy Digital postpones US stock listing to 2022
Mike Novogratz’s bitcoin investment management firm, Galaxy Digital Holdings, will not go public in the United States as anticipated in late 2021. Galaxy Digital has postponed its planned IPO in the United States and now expects to go public in the first quarter of 2022, according to the company’s founder and CEO, Michael Novogratz. “We […]
Kraken-owned Subsidy in the United Kingdom Gets FCA Approval
UK’s leading financial regulators have given their approval to Crypto Facilities, a wholly-owned subsidiary of prominent crypto exchange Kraken. Crypto Facilities has received an MLR license from the Financial Conduct Authority (FCA), indicating that it is now compatible with the UK’s anti-money laundering legislation, making it one of the select few crypto companies to have FCA approval. The approval is especially welcome for the Kraken exchange, as it would allow the company to offer crypto derivatives services in the country through its subsidiary. The FCA has tightened its grip on unregulated […]
Here’s why the SEC is more likely to approve an Ethereum Futures ETF than a Bitcoin spot ETF
After rejecting VanEck’s request for a spot Bitcoin ETF last week, the US Securities and Exchange Commission (SEC) made its position clear on spot market pegged crypto ETFs. Although the rejection was not unexpected, SEC Chairman Gary Gensler had previously stated that the crypto industry is not yet mature enough to manage a spot ETF. […]
Trendy Tigers Gives a Sneak Peek at a Novel NFT Launch that Combines 3D and Augmented Reality
Trendy Tigers, the latest edition of a non-fungible token (NFT) collection, allows the user to train virtual tigers to do tricks. The ability to interact directly with the tiger creations’ machine-learning virtual films has never been seen before in an NFT asset. Axie Infinity, Bored Ape Yacht Club, CryptoPunks, and other recent collections have sold […]