Emerging cryptocurrency-based exchange-traded products (ETPs) may attract significant new investment if approved, according to banking giant JPMorgan. More investors are betting on the approval of the first spot Solana and spot XRP exchange-traded funds (ETFs) with expectations of a more innovation-friendly regulatory regime in the US after President-elect Donald Trump’s inauguration on Jan. 20. In a Jan. 13…
Sponsorships are a cornerstone of events, sports and entertainment industries, yet the traditional model often leaves brands struggling with high costs, inefficiencies and a lack of measurable ROI. Blockchain technology carries an immense potential to solve these challenges with transparency and inclusivity and open the doors for new possibilities in the entertainment space. Sponstar is a Web3 platform…
Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation. In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said…
Crypto investors are eying a potential supply shock as Bitcoin reserves sink to a near seven-year low amid continued institutional buying. Bitcoin reserves across all cryptocurrency exchanges fell to 2.35 million BTC as of Jan. 13, which marked a near seven-year low not seen since June 2018, when Bitcoin was trading just above $7,000, CryptoQuant…
Asset manager BlackRock is launching a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, the Canadian securities exchange said on Jan. 13. The ETF is designed to give Canadian investors access to BlackRock’s flagship US spot Bitcoin fund, iShares Bitcoin Trust (IBIT). It will invest “all or substantially all of its assets” in IBIT, Cboe Canada said….
World, formerly known as Worldcoin, recently announced the milestone of verifying 10 million human beings on its digital identity network. Worldcoin uses a network of orbs to collect biometric data to establish proof of personhood — identifiers that verify an individual is human and who that individual is. The company says proof of personhood is…
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