Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC
The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]
Talk of SEC subpoenas rises at New York crypto event as regulatory monitoring grows
An attendee tweeted Monday morning, amid the hustle and bustle of the Mainnet 2021 crypto conference in New York, that he had seen an event speaker getting “served by the SEC” before they were supposed to take the stage. The article sparked conjecture regarding the legitimacy of the story, the recipient of the supposed subpoena, […]
Cosmos Reaches to All-time High Despite Stagnant Global Crypto Market
Cosmos’s interoperability network is experiencing a resurgence of popularity. However, despite the fact that crypto’s total worldwide market cap of $2.51 trillion has barely moved in the last twenty-four hours, Cosmos (ATOM) has surged 10.74 percent overnight to record a new price of $39.58, according to cryptocurrency data aggregator Nomics. Cosmos broke above the $40 […]
Automated market maker MonoX raises $5M to launch single-token liquidity pools
The automated market maker MonoX is now in beta development and is expected to go live in Q3 of 2021, according to the company. MonoX , an automated market maker, today announced a $5 million capital investment from venture capital firms including Axia8 Ventures, Animoca Brands, and Divergence Ventures, among others. The funds were raised […]
Estonian DeFi platform Minterest protocol raises $6.5m
DeFi lending platform Minterest just raised $6.5 million from a fundraiser, the platform aims to channel all fees, interest, and revenue back into the protocol for its users. A number of venture capital firms, including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital, and others, contributed to the private financing round. The Estonian team plans […]