Tokens.com acquire 50% stake in virtual real-estate firm Metaverse Group

Publicly-listed cryptocurrency and blockchain investment firm Tokens.com has announced a landmark agreement to acquire a 50% stake in metaverse real estate firm Metaverse Group in a deal worth in excess of $1.6 million. Tokens.com is expected to capitalize on the purchase — reportedly the highest purchase of a virtual real estate firm — through the development of asset opportunities for public retail investors seeking to gain greater exposure to nonfungible token, or NFT, and decentralized finance, or DeFi, assets. Metaverse Group operates a service akin to a traditional real estate…

Mexican medical firm embraces blockchain for covid test certificates

Medical services company MDS Mexico has launched a rapid covid-19 testing service that uses blockchain technology to verify results. According to a Oct. 17 report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are also physically delivered, featuring a QR code that can be scanned to verify the results and access a patient’s vaccination history on MDS Mexico’s blockchain. MDS stated that it adopted blockchain to safeguard the results of clinical tests, protect…

Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday – Bitcoin News

The digital asset company Bakkt Holdings has completed a merger with a firm called VPC Impact Acquisition Holdings and the combined business will be listed on the New York Stock Exchange (NYSE) on October 18. Bakkt revealed it was aiming to go public last January, and the Bakkt listing on Monday will leverage the ticker “BKKT.” Digital Currency Firm Bakkt Set to List on NYSE Next Week The digital currency firm Bakkt is set to start trading on NYSE next week, according to an announcement from the combined firms on…

Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison – Bitcoin News

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to 5 Years in Jail The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with…

VC firm a16z pursuing crypto lobbying push in Washington

Anthony Albanese, chief operating officer of Andreessen Horowitz’s (a16z) crypto division, and Katie Haun, general partner at the firm, are among a high-powered delegation from the venture capital giant that will engage with lawmakers and administration officials in the United States on crypto regulations. According to CNBC on Wednesday, the move is part of efforts by the Silicon Valley-based VC outfit to promote favorable regulation of the emerging Web 3.0 ecosystem. Speaking to CNBC, a16z’s global policy chief Tomicah Tillemann decried the broken state of the current Web 2.0 status…

Bitcoin futures ETF will likely be delayed until 2022 says research firm CFRA

Crypto asset investors may have a longer wait for a Bitcoin futures exchange-traded product according to Todd Rosenbluth, the senior director of ETF and mutual fund research at research firm CFRA. Speaking on CNBC’s “ETF Edge” on Oct. 12, Rosenbluth stated that while a Bitcoin futures product is likely to be the first crypto ETF to gain approval, he cautioned that the current clouded regulatory situation could cause further delays. There are more than 20 crypto asset-based exchange-traded products waiting for Securities and Exchange Commission approval, and the regulator is…

Crypto lending firm Celsius Network raises $400M

Cryptocurrency lending platform Celsius Network has raised $400 million in a new equity funding round amid United States regulators increasingly cracking down on crypto lending. Announcing the news on Tuesday, Celsius noted that the latest funding was led by Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), and WestCap, an equity firm established by former Airbnb executive Laurence Tosi. Celsius Network raises $400m. @FT "The funding round was led by WestCap… and Caisse de dépôt et placement du Québec (CDPQ)." More:https://t.co/L5wpMxCvcR — Celsius (@CelsiusNetwork) October 12,…

UK’s Ex-Chancellor Philip Hammond to advise crypto firm Copper

Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a global leader in digital asset technology.” The London start-up firm, which provides custodial and infrastructure services in the digital asset sector, reportedly facilitates over $50 billion in transaction value per month for in excess of 400 institutional clients. During his administration as chancellor between 2016 and 2019, Hammond was commended for expanding the nation's financial technology sector as well…