ARK Invest Buys 200,275 SOFI Shares as SoFi Exits Crypto
Cathie Wood’s ARK Invest acquired 200,275 SOFI shares, approximately worth $1.5 million, on November 29, as SoFi announced plans to terminate crypto services by the end of 2023. ARK acquired 200,275 SOFI shares on November 29 for allocation to its ARK Fintech Innovation ETF (ARKF). Reporting by TradingView, the value of the sum is $1.47 […]
Fasset Receives VASP Operational License in Dubai
Digital asset investment platform Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to operate legally in the emirate. Fasset’s VASP license enables the organization to conduct broker-dealer services in Dubai legally. The license conditions permit the platform to cater to retail, ” qualified,” and local institutional […]
Alchemy Pay Expands in Europe with SEPA Deposit Option
Alchemy Pay payment platform is expanding its options in Europe and the United Kingdom by integrating new alternative methods of purchasing cryptos, including the Euro Instant solution, SEPA Instant, and the U.K. fast money transfer. Alchemy Pay has implemented additional deposit alternatives, such as Faster Payments, a U.K. rapid money transfer option, and Single Euro […]
Jack Dorsey Invests in Ocean to Support Decentralized Bitcoin Mining
Jack Dorsey, Bitcoin advocate and co-founder of Twitter (now X) supports Ocean, a new Bitcoin mining pool that will assist miners in regaining control over transaction fees and block rewards by leading a $6.2 million funding round. An announcement on November 29 stated that Dorsey led a $6.2 million seed round for Mummolin, the parent […]
IOTA Launches $100M DLT Foundation in Abu Dhabi
IOTA, a developer of open-source blockchain technology, is establishing the IOTA Ecosystem DLT Foundation in Abu Dhabi to expand its distributed ledger technology (DLT) throughout the Middle East. As per the declaration, the newly established organization will receive $100 million in vested IOTA digital tokens over the following forty years. Dominik Schiener, co-founder and chairman […]