Business

1 February

Purpose Investments to Launch Canada’s First XRP ETF

In a groundbreaking move for the cryptocurrency investment landscape, Purpose Investments has announced the launch of Canada’s first-ever XRP exchange-traded fund (ETF). The new ETF will provide Canadian investors with a regulated and accessible way to gain exposure to XRP, the digital asset native to the Ripple network, without needing to directly purchase or store the cryptocurrency. Breaking New Ground …

1 February

MicroStrategy Boosts Preferred Stock Offering from $250M to $584M

MicroStrategy, the business intelligence giant known for its large Bitcoin holdings, has announced a significant increase in its preferred stock offering, raising the total from an initial $250 million to $584 million. This move underscores the company’s commitment to bolstering its balance sheet and fueling further expansion, as it continues to invest heavily in cryptocurrency. A Bold Move to Strengthen …

1 February

Stablecoin Surge Could Fuel Next Crypto Rally as Market Cap Hits $200B: CryptoQuant

Stablecoins are making waves in the cryptocurrency market, with their market capitalization recently surpassing an impressive $200 billion. According to data from CryptoQuant, this surge in stablecoin supply could be the catalyst for the next major crypto rally, as these assets increasingly serve as a bridge between traditional finance and the world of digital assets. Stablecoins: The Backbone of Crypto …

1 February

Crypto Today: Your Daily Digest of the Latest Blockchain News

Welcome to Crypto Today, your go-to source for the latest updates and trends in the world of blockchain and cryptocurrency. In today’s edition, we’ll cover the most significant events shaping the digital asset space, from regulatory developments to market shifts, and emerging technologies that could define the future of finance. 1. SEC’s Latest Move on Crypto Regulation The U.S. Securities …

1 February

Elon Musk’s Father Joins Meme Coin Craze with ‘Musk It,’ Eyes $200M Raise

In a surprising twist to the meme coin phenomenon, Errol Musk, father of tech mogul Elon Musk, has launched his own cryptocurrency—‘Musk It.’ The new coin, inspired by the rising popularity of meme-based digital assets, is looking to raise a substantial $200 million to fund its development and growth. A New Musk in the Crypto Space Errol Musk, who has …

1 February

Grayscale Launches Dogecoin Investment Fund for Institutional Investors

In a groundbreaking move for the cryptocurrency market, Grayscale has officially launched a Dogecoin Investment Fund designed specifically for institutional investors. The fund will allow accredited investors to gain exposure to Dogecoin (DOGE), one of the most popular and widely recognized cryptocurrencies, through a trusted and regulated investment vehicle. A New Investment Opportunity for Institutions Grayscale, one of the largest …

1 February

21Shares Files for SEC Approval to Launch First Polkadot ETF

In a move that could further expand crypto investment opportunities, 21Shares has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever Polkadot exchange-traded fund (ETF). If approved, the ETF would provide investors with regulated exposure to Polkadot (DOT), a blockchain platform focused on interoperability and scalability. A Step Toward Crypto Diversification 21Shares, a leading crypto …

1 February

Pump.Fun Hit with Second Lawsuit Over Alleged Securities Violations

Crypto platform Pump.Fun is facing increased legal trouble as it has been slapped with a second lawsuit alleging violations of U.S. securities laws. The lawsuit accuses the platform of operating without proper regulatory approval and facilitating the sale of unregistered securities, adding to the growing legal scrutiny surrounding the crypto industry. Allegations Against Pump.Fun The lawsuit claims that Pump.Fun, a …

1 February

SEC Greenlights NYSE Arca’s Listing of Bitwise Bitcoin & Ether ETF

In a major development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s proposal to list and trade a joint Bitcoin and Ether exchange-traded fund (ETF) from asset manager Bitwise. The approval marks another milestone in the growing integration of digital assets into traditional finance. A Win for Crypto Investors The SEC’s decision allows …

1 February

Seven UK Gang Members Jailed for Kidnapping and Torturing Crypto Investor

Seven gang members in the UK have been sentenced to prison for the brutal kidnapping and torture of a cryptocurrency investor in a shocking crime that highlights the risks associated with the digital asset industry. The attackers targeted their victim, believing he had access to a fortune in crypto, and subjected him to horrific violence in an attempt to steal …