Evolve Funds Group has launched Canada’s first Bitcoin / Ether-linked ETF, the Evolve Cryptocurrencies ETF. It is listed on the Toronto Stock Exchange. Evolve President and CEO Raj Lala said the “multicryptocurrency” ETF will be the first of its kind in Canada and North America in general. Despite the fact that Bitcoin and Ether correlate to some extent with each other, they have different profitability profiles. Therefore, an exchange-traded fund, pegged to two cryptocurrencies at

The new project of payment operator Visa on blockchain interoperability may become a universal standard for different types of public and private blockchains. Global payments giant Visa has unveiled a project to become a “universal blockchain adapter.” The new product creates a space where various cryptocurrencies, stablecoins and government digital currencies can interact. Visa has announced that a research group is working on a Universal Payment Channel (UPC) solution. The channel will become the hub

Shortly after the closure of 35 unregistered cryptocurrency exchanges, the South Korean regulator banned exchange staff from selling tokens issued by these platforms. The South Korean government has introduced an additional clause to the Financial Institutions Reporting Act (FTRA). According to a statement from the Financial Services Commission of South Korea (FSC), trading platform operators (VASP) and their staff are prohibited from trading the tokens issued on the site. The Conflict of Interest Rule also

Against the background of the tightening of the ban on mining and the use of cryptocurrencies in China, the government of the country launched a large-scale campaign to build “Digital China”. The city of Xi’an, which has a population of about 6 million, has been selected to promote and implement pilot applications for the digital yuan. The project involves the National Bank of China (NBK), the province’s commercial banks, and the ministries of agriculture, industry

The two largest mining pools, F2Pool and Sparkpool, are forced to take drastic measures due to bans by the Chinese government. ASIC miner manufacturers and pools turned out to be the last major enterprises in China to be involved in the cryptocurrency industry. And the complete ban on operations with cryptocurrencies for business dealt them the last serious blow. The largest Bitcoin mining pool, F2Pool, denied service to miners from China. Thus, F2Pool, founded in

The government of Nigeria has launched a website to test digital naira, the country’s government cryptocurrency, and a digital wallet that can be tied to a bank account. The website says that digital naira is a “unique form of money” denominated in local currency and serves as both a medium of exchange and store of value. The site for testing the state cryptocurrency of Nigeria was launched earlier than originally planned. Digital Naira will be

Virgil Griffith pleaded guilty to violating US laws by advising North Korean authorities on the use of blockchain and cryptocurrencies to circumvent sanctions. According to the website of the US Department of Justice, Virgil Griffith admitted before the judge of the District Court of the Southern District of New York, Kevin Castel, that he violated the Economic Emergency Measures Act (IEEPA). According to US Attorney Audrey Strauss, Griffith “agreed to help one of the most

Two subsidiaries of EMURGO will invest in projects on the Cardano blockchain, which are in the early stages of development. According to the announcement of EMURGO, a new ecosystem development tool will soon be launched – an investment fund with a capitalization of $ 100 million. EMURGO is an international investment company, one of the three co-founding partners of Cardano, together with IOHK and the Cardano Foundation. Responsible for investment and project promotion. According to

Canadian stock market regulators have issued a warning to local cryptocurrency exchanges against advertisements that violate securities law. The Canadian Securities Administrators Association (CSA) and the Investment Industry Regulatory Organization (IIROC) have issued guidelines for crypto exchange employees and managers that indicate signs of “illegal” advertising. Regulators posted the instruction on September 23, 2021 on the OSC website. The notice identifies “promotions and marketing strategies of cryptocurrency exchanges that violate securities laws and may affect

Next year, Netflix will release a film about the founder of the QuadrigaCX exchange Gerald Cotten, whose death led to the loss of access to cryptoassets by users of the site for $ 250 million. According to a Netflix press release, the documentary, titled “Trust No One: The Hunt For The Crypto King,” will tell the story of Canadian cryptocurrency exchange founder Gerald Cotten, who died on his honeymoon in India in 2018. The documentary