Grayscale Launches Crypto ETFs in Europe

Cryptocurrency News

Investment company Grayscale Investments announced the listing of the exchange-traded fund (ETF) Future of Finance on the London Stock Exchange (LSE), Deutsche Börse Xetra and Borsa Italiana. The company promises that the Grayscale Future of Finance UCITS ETF (GFOF) will allow investors to buy shares and bet on the performance of companies working with digital assets. The fund is based on the Bloomberg Grayscale Future of Finance (BGFOF) index, which tracks the performance of financial…

Brazilian Stock Exchange B3 will launch bitcoin and ether futures

Cryptocurrency News

The B3 stock exchange plans to enter the cryptocurrency market within six months, promising users access to a wide range of services. The Brazilian site announced that after six months it will launch its first cryptocurrency product – futures trading on bitcoins (BTC) and ether (ETH). André Milanez, chief financial officer of the company, did not specify whether B3 would form a partnership or offer futures trading directly. There are currently eleven crypto ETFs available…

Chainalysis doubled its market value thanks to an investment round

Cryptocurrency News

Chainalysis, an analytics company that provides government agencies with services and tools for tracking blockchain transactions, has raised a $170 million investment. The Chainalysis investment round has taken over as the head of Singapore’s GIC wealth fund, The Information reported. Thanks to the funding, the company is valued at $8.6 billion, making it one of the most expensive cryptocurrency projects. GIC Private Limited is a fund that, according to Bloomberg, owns more than $100 billion…

Japanese SBI buys a direct competitor of its cryptocurrency division

Cryptocurrency News

One of the four Japanese financial giants, the SBI Group will acquire a majority stake in the cryptocurrency trading platform BITPoint Japan. The cryptocurrency exchange has long been a competitor of the giant’s cryptocurrency division – SBI VC Trade. SBI buys 51% stake in BITpoint from Remixpoint for a total of $98.6M. BITPoint is now valued at over $193M. As a result of the transaction, SBI will receive 5% of Remixpoint shares. At the same…

Liquidators demand from the creators of the MTI cryptocurrency pyramid to pay $291 million

Cryptocurrency News

The liquidators of the largest South African crypto-currency scheme Mirror Trading International demand that its organizers pay $291 million to investors. The liquidators sent a summons to appear in court to eighteen citizens behind the now defunct Mirror Trading International (MTI) project. The offenders are required to pay $291 million to cover the losses of defrauded investors. The decision to take the alleged organizers of MTI to court comes just months after liquidators failed to…

Chainalysis: DeFi services are becoming more popular with cybercriminals

Cryptocurrency News

Analysts at Chainalysis claim that illegal activity in DeFi protocols has grown exponentially compared to last year. Chainalysis has published a new report on criminal activity in Web3. According to the study, the overall level of illegal activity in the crypto industry has decreased, but it has sharply increased in decentralized finance (DeFi) protocols. Analysts claim that 97% of the $1.7 billion worth of cryptocurrencies stolen in 2022 came from DeFi protocols. Experts received these…

The Fed once again warned about the risks of stablecoins

Cryptocurrency News

The US Federal Reserve (Fed) has published its semi-annual financial stability report, which once again highlighted the risks of using stable cryptocurrencies. The report notes that financial markets, including cryptocurrencies, have been significantly impacted by events in Ukraine, the spread of the Omicron coronavirus strain, and “significant and prolonged inflation.” At the same time, the total capitalization of stablecoins reaches $180 billion, of which 80% falls on the three largest ones – USDT, USDC and…

The German Ministry of Finance issued a guide to paying tax on cryptocurrencies

Cryptocurrency News

The German Federal Ministry of Finance (BMF) has explained that owners of digital assets will be able to sell crypto assets without paying taxes after one year of ownership. The BMF has released the country’s first guidance for paying income tax on digital currencies and other blockchain-based tokens. The document classifies and explains the technically different aspects of the issue from the point of view of German law. The sale of purchased cryptocurrencies, such as…

De Beers introduced the first blockchain-based diamond mining platform

Cryptocurrency News

The De Beers Group announced the launch of the Tracr blockchain platform to scale control over diamond mining and track the chain of movement of precious stones from mines to buyers. The Tracr system will be the first distributed network in the history of the diamond industry to capture and secure the origin of gemstones. According to the developers, this will allow companies that are part of a limited circle of De Beers distributors to…

NiceHash: We have fully unlocked Nvidia GPUs for Ethereum mining

Cryptocurrency News

Computing marketplace NiceHash announced the release of an update for Nvidia LHR RTX GPUs. NiceHash announced the release of an update to the NiceHash QuickMiner ether mining software that 100% unlocks the hashrate of Nvidia LHR RTX video cards. At the height of mining and the acute shortage of silicon chips in 2021, Nvidia installed a software “ether hash rate limiter” for flagship models and equipped the entire line of Nvidia’s latest generation RTX 3000…