Category: Latest news

[ad_1] Ophelia Snyder, co-founder and president of 21Shares, called spot Bitcoin ETFs a success during an interview with Bloomberg on Jan. 30. 21Shares is responsible for a joint spot Bitcoin ETF with Ark Invest, one of several approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. Snyder commented on those approvals, stating:…

[ad_1] Crypto AI firm Fetch.ai said on Jan. 30 that it continues to operate as usual despite earlier restructuring proceedings. It said: “As part of [our move to Dubai], Fetch.ai has been through a restructuring process which has included the administration of … ‘Fetch.ai UK Ltd.’ This was a factor of the restructuring and has…

[ad_1] Jan van Eck, CEO of the prominent global investment management firm VanEck, believes there are two major hurdles hindering the tokenization of real-world assets (RWAs). The CEO shared his insights on the matter during a recent interview with Raoul Pal. His remarks come in the wake of VanEck’s recent accomplishment of being among the 11…

[ad_1] Following a persistent decline in Bitcoin outflows from the Grayscale Bitcoin ETF, Bitcoin’s recent surge from $39,900 to over $43,500 has seen the value of Grayscale’s crypto holdings grow by $1.25 billion since the end of last week. Grayscale Holdings (source: Arkham Intelligence) While roughly 18,000 BTC has left the fund since Friday, as…

[ad_1] Circle’s USD Coin (USDC) stablecoin has expanded to the Celo Network to enhance cross-border payments and peer-to-peer transactions. The Celo Foundation, in a Jan. 30 statement shared with CryptoSlate, highlighted the potential of this expansion to facilitate local currency conversions seamlessly. “USDC joins [Celo’s] ecosystem stablecoin use cases, including remittances, savings, lending, aid disbursement,…

[ad_1] Standard Chartered Bank has projected that the U.S. Securities and Exchange Commission (SEC) will give the green light to spot Ethereum exchange-traded funds (ETFs) by May 23, The Block reported Jan. 30, citing a research report. This expectation mirrors the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs.…

[ad_1] Crypto and NFT payments infrastructure company Transak has partnered with Visa to integrate Visa debit capabilities into its global off-ramp service. This move increases the options for crypto-to-fiat off-ramps, allowing users in over 145 countries to convert their crypto holdings into local fiat currencies. Using a product called Visa Direct, Transak will allow the…

[ad_1] German authorities successfully confiscated 50,000 Bitcoin, valued at $2.17 billion, in mid-January from a piracy website, according to a Jan. 30 statement from the Saxony Police. The seizure is linked to an ongoing investigation into suspected unauthorized commercial exploitation of copyrighted works under the Copyright Act and subsequent commercial money laundering. The Federal Criminal…

[ad_1] Digital assets associated with the decentralized finance (DeFi) project Abracadabra Finance, including its Magic Internet Money (MIM) stablecoin, values fell after its team confirmed an exploit of the platform. In a Jan. 30 post on social media platform X (formerly Twitter), the project’s team acknowledged an ongoing exploit involving certain Ethereum cauldrons. “Our engineering…

[ad_1] A Binance representative confirmed in a Jan. 30 email statement sent to CryptoSlate that the platform is now allowing institutional investors to secure their trading collateral through a third-party banking partner. Binance’s solution, described as a “banking triparty” arrangement, has been under development for the past two years and directly addresses the primary concern…