[ad_1] Sfermion, an investment firm from crypto podcaster and analyst Andrew Steinwold, says it has raised $100 million for a new fund focused on non-fungible tokens (NFTs), with contributions from Marc Andreessen and the Winklevoss twins. Steinwold told CoinDesk that the fund, dubbed simply “Fund II,” will focus in on the “experiential infrastructure that involves […]
[ad_1] A number of emerging markets and developing economies (EMDEs) have been looking at stablecoins and central bank digital currencies (CBDC) to address weaknesses in their financial systems. But according to a paper released Friday by the Bank for International Settlements (BIS), these digital currencies may create daunting issues in these markets and not address […]
[ad_1] Global anti-money laundering (AML) agency the Financial Action Task Force (FATF) has released its updated guidance for firms that handle cryptocurrency and virtual assets. It appears designed to corral much of the nascent industry into the existing regulatory framework for banks. After incorporating industry feedback from April 2021, the updated rules for so-called virtual […]
[ad_1] There is never a dull moment in the crypto market. While bitcoin and the broader crypto market appear to be in stasis at press time, FXS, a governance token of a lesser-known fractional algorithmic stablecoin protocol Frax, has jumped 80% in 24-hour. You read it right; in a single day, the token has gained […]
[ad_1] The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported. The eNaira, which is intended to complement the physical Naira rather than replace it, will “make financial transactions easier and seamless for every strata of the society,” the CBN said in emailed statement on Saturday, according to […]
[ad_1] Banks in Spain are getting ready to offer crypto services to their clients, but are being frustrated by the lack of clarity from their central bank. The Bank of Spain said in June it would provide instructions for entities wishing to register to provide crypto services. The corresponding registry is meant to be operational […]
[ad_1] JD.net’s tech arm revealed its non-fungible token technology and plans, following in the heels of its rival Alibaba. JD Technology is offering seven free limited edition NFTs built on its own NFT chain, commemorating its annual conference, JD Discovery, according to a WeChat post on its official account. The NFTs, JD’s first, are minted […]
[ad_1] The amount of money locked in the bitcoin futures contracts on the global derivatives giant Chicago Mercantile Exchange (CME) surged to record highs on Friday as the U.S. Securities and Exchange Commission (SEC) greenlighted futures-based exchange-traded funds (ETF) tied to the cryptocurrency. The dollar value of open interest (OI), or the number of futures […]
[ad_1] Payments tied to ransomware attacks in 2021 are already exceeding 2020′s total, the U.S. government’s financial crimes watchdog said Friday. Exchanges and other financial institutions reported more than $590 million in payments tied to ransomware attacks, including cryptocurrency payments, to the Financial Crimes Enforcement Network (FinCEN) in the first half of 2021, outstripping a […]
[ad_1] Four major South Korean asset management funds have listed metaverse-related exchange traded funds (ETFs), the first in the country, The Korea Herald reported Wednesday. KB Asset Management kicked off KBSTAR iSelect Metaverse, a passive fund that will follow metaverse-related indexes. KB follows the iSelect Metaverse Index, inclusion to which is determined by factors such […]