Ripple Labs has strengthened its position as a key influencer in the digital finance world by sponsoring the Digital Euro Conference 2024 (#DEC24). The Digital Euro Association (DEA) enthusiastically announced Ripple Labs as the main sponsor of the event, placing the fintech firm alongside Ernst & Young, one of the “Big 4” and a prominent […]
Several prominent financial institutions are preparing to launch an Ethereum Layer 2 chain using Polygon CDK. The chain, named Libre, is expected to provide expanded distribution capabilities for asset managers. In light of this development, Polygon Labs CEO Marc Boiron has declared the CDK as “the home for institutional assets.”The crypto industry has long held […]
In a groundbreaking development, Cboe Global Markets has declared its intention to list six spot bitcoin exchange-traded funds (ETFs) on its trading platforms. This move has stirred the cryptocurrency and investment sectors, marking a crucial stage in the progression of digital asset trading.The ETFs in question – Ark 21 (ARKB), Fidelity (FBTC), Franklin Templeton (EZBC), […]
In a significant development, Fidelity Investments, a renowned stock brokerage service, has listed several proposed Bitcoin exchange-traded funds (ETFs) on its web app. The listed ETFs include the ARK 21Shares Bitcoin ETF (ARKB), Vaneck Bitcoin Trust ETF (HODL), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and Wisdom Tree Bitcoin ETF (BTCW).However, as of […]
Steve McClurg, co-founder and chief investment officer of Valkyrie Funds, has hinted at the potential approval of Ethereum or XRP exchange-traded funds (ETFs) following the anticipated launch of spot Bitcoin ETFs. This prediction is based on the U.S. Securities and Exchange Commission (SEC) which is reportedly likely to approve Valkyrie’s Bitcoin ETF, with trading expected […]
In a historic move, 1inch DAO, the entity behind the 1inch Network, has voted to secure “legal advisory services” from STORM Partners. This decision comes amid growing regulatory scrutiny on the crypto and decentralized finance (DeFi) sectors.Following a vote that ended on January 9, which was overwhelmingly supported by the 1inch community, holders decided to […]
Digital payments firm SKUx has secured two patents from the U.S. Patent and Trademark Office (USPTO) for item-level payments processing technology. The company aims to enhance its payment solutions with these patents, thereby improving the consumer experience and product-level promotions.The first patent, no. 11,288,697, focuses on item-level promotional offers and payments. This allows SKUx to […]
Ripple, the firm behind the renowned cryptocurrency XRP, has announced plans to repurchase shares from its early investors. The company intends to carry out a $285 million share buyback, as reported by Reuters on Wednesday.Despite the challenges posed by the SEC lawsuit, Ripple has managed to grow, with 95% of its customers being non-US financial […]
Ripple Labs is reportedly planning a tender offer to buy back a $285 million stake from early investors and employees. The company intends to spend a total of $500 million on the transaction, which includes the cost of converting restricted stock units to common shares. Investors will only be able to sell 6% of their […]
The ProShares Bitcoin Strategy ETF (BITO) has surpassed the $2 billion mark, driven by the anticipation surrounding the potential approval of the spot ETF. Interestingly, the spot ETF could pose a significant threat to BITO. Despite the buzz around the spot ETF, ProShares asserts that its futures ETF has been experiencing rapid growth even before […]
