Nexo, a popular trading platform for cryptocurrency investors, has integrated tax calculation software from Koinly into its platform. This integration is seen as a valuable addition for users as it simplifies the process of calculating taxes on crypto investments. Koinly is a widely used tax service in the industry, known for its ability to automatically […]
Sei Labs has announced plans to introduce support for Ethereum Virtual Machine (EVM) on its trading-focused Layer 1 blockchain. This upgrade, set to be released in the first half of 2024, will enable developers to bring Ethereum-based contracts onto the Sei network and utilize them. By doing so, Sei aims to expand its offerings and […]
Sui, a Layer 1 blockchain and smart contract platform, has achieved remarkable growth since its mainnet launch just over six months ago. It has surpassed $150 million in Total Value Locked (TVL), placing it among the top 20 blockchains in TVL. The platform has also surpassed $100 million in bridged stablecoins and has processed more […]
The U.S. Securities and Exchange Commission (SEC) has opened the comment period for Fidelity’s proposed Ethereum exchange-traded fund (ETF). If approved, the ETF would allow investors to gain exposure to Ethereum through regulated investments. The SEC is seeking comments on various aspects of the proposal, including surveillance, custodianship, and market manipulation. The filing also highlights […]
The U.S. Securities and Exchange Commission (SEC) recently met with Hashdex, an applicant for a Bitcoin ETF. The meeting discussed a proposed rule change that would allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. The SEC memo stated that two individuals from the SEC’s Office of the Chair met with three […]
Pando Asset, a Swiss asset management company, has filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). The proposed trust, called the Pando Asset Spot Bitcoin Trust, aims to track the price performance of BTC and bring virtual assets into the traditional financial ecosystem. If approved, […]
Pando Asset, a Swiss asset management company, has filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). The proposed trust, called the Pando Asset Spot Bitcoin Trust, aims to track the price performance of BTC and bring virtual assets into the traditional financial ecosystem. If approved, […]
BlackRock, a major asset manager, has made revisions to its proposed spot Bitcoin ETF structure in an effort to address concerns raised by the Securities and Exchange Commission (SEC). The changes aim to mitigate market manipulation and regulatory issues. The new model modifies the redemption process by introducing a “prepaid model” where the offshore market […]
IOTA, a leading distributed ledger technology (DLT) project, has achieved a significant milestone in its strategic expansion by registering the first DLT foundation in the United Arab Emirates (UAE). This move is expected to support IOTA’s growth in the Middle East and North Africa (MENA) region. The announcement of the foundation’s registration coincided with a […]
London-based crypto trading firm Copper is set to launch tokenized securities early next year. Led by former British Chancellor Phillip Hammond, the company aims to cater to the growing demand from institutional investors. The service will initially be introduced in Abu Dhabi through Copper Securities, the company’s new arm in the United Arab Emirates. Copper […]
