Category Archives: Cryptocurrency News

Bahraini Investcorp launched an international institutional blockchain fund

One of the largest investment companies in the Middle East has announced the opening of a fund to support blockchain companies. Bahrain’s second largest investment company, Investcorp Holdings, has launched its first global institutional fund, eLydian Lion. The company is going to distribute the fund’s funds among blockchain startups. Now the company is trying to attract investors to raise funds. The fund will exist as an independent legal entity. Investcorp said that the new fund…

SEC Approves Teucrium’s Launch of Bitcoin Futures ETF

The US Securities and Exchange Commission (SEC) has granted Teucrium permission to launch an ETF for Bitcoin futures on the NYSE Arca exchange. The SEC has released a statement to this effect. Teucrium and NYSE Arca filed with the SEC under the Securities Exchange Act of 1934 on Form 19b-4. While the already approved futures ETFs of ProShares, Valkyrie and VanEck fell under the Investment Company Act of 1940. The regulator’s approval of the nation’s…

In Honduras, the recognition of bitcoin as a means of payment was limited to one island

The free economic zone (FEZ) of Honduras Próspera ZEDE intends to attract international investment by issuing bonds for bitcoins. Próspera ZEDE, located on the island of Roatan in the Caribbean, has announced that it accepts cryptocurrencies as a means of payment. From now on, local governments and international companies that are residents of the FEZ can issue bonds based on bitcoin under the jurisdiction of Próspera ZEDE in accordance with international KYC and AML standards.…

FTX.US exchange stopped listing of some crypto assets

The American division of the FTX cryptocurrency exchange – FTX.US – has limited the listing of crypto assets due to regulatory uncertainty. FTX.US CEO Brett Harrison said on The Decrypt Daily podcast that the company is currently not sure what limits will be drawn by regulators in terms of trading in certain crypto assets, whether they will be allowed or whether exchanges will be required to list only certain cryptocurrencies that they do not consider…

Terraform Labs acquired AVAX for $200 million

Terraform Labs, behind the Terra project, bought $200 million worth of AVAX coins to strengthen its own stablecoin. According to a Twitter post, Terraform Labs has swapped its LUNA coins for $100 million worth of AVAX. In addition, the Luna Foundation, a non-profit organization authorized to create reserves for the algorithmic stablecoin UST, used its assets to buy AVAX for another $100 million. In this way, the company wants to strengthen its own stablecoin, which…

Governor of the Central Bank of England: “Cryptocurrencies are a “hotbed” for crimes”

The Governor of the Bank of England, Andrew Bailey, believes that cryptocurrencies create conditions for the development of crime, so he called on regulators to tighten the fight against cryptocurrency fraud. This was stated by Andrew Bailey at the Stop Scams conference organized by the Central Bank this week. Bailey called cryptocurrencies the new “front line” in criminal scams, which are increasingly used by hackers, scammers and other wrongdoers. Bailey urged banks, technology companies and…

The Swedish Central Bank is studying the use of e-krona in smart contracts

Riksbank announced the successful testing of the digital krone in the Swedish banking system and exploring the possibility of creating payment instruments based on it. The Swedish central bank has announced that it is going to explore how the digital krona can incentivize payments using smart contracts. The Riksbank posted a report stating that the CBDC trials were successful. The Riksbank believes that the advantage of the Central Bank’s digital currency is the ability to…

Australian trading network On The Run will start accepting crypto payments

Major Australian retailer On The Run (OTR) has entered into an agreement with the Crypto.com exchange to implement a program to accept cryptocurrency as payment for goods and services. The company will work with Crypto.com to roll out its Pay Merchant product, while Sydney-based payment provider Datamesh will deploy terminals that allow consumers to pay with crypto, according to the OTR announcement. OTR customers will be able to pay in more than 30 cryptocurrencies for…

FTX and IEX create joint US marketplace

American cryptocurrency exchange FTX.US is planning a strategic investment in the IEX stock exchange to create a platform for trading digital asset securities. The American exchange IEX announced that it is waiting for FTX investments. The FTX representative clarifies that it is not yet clear what form the cooperation will take, as everything will depend on the requirements of the regulators. In the near future, companies are going to resolve this issue, since institutional investors…

Beauty retailer Fragrance will start accepting cryptocurrencies

British trading network The Fragrance Shop, in cooperation with the crypto payment operator BitPay, will accept BTC, ETH, BCH and DOGE for payment. Fragrance CEO Sanjay Vadera said that customers of the online beauty retailer will be able to pay with cryptocurrencies for cosmetics of famous brands such as Chanel, Dior and Tom Ford. In addition to paying by credit or debit card and purchasing goods in installments (Buy Now, Pay Later service), the e-commerce…