Tag: finance

Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF โ€“ Finance Bitcoin News

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Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The companyโ€™s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Bรถrse Xetra. Grayscale Launches ETF in Europe Grayscale Investments, the worldโ€™s largest digital asset manager, announced Monday the launch of its first European exchange-traded fund (ETF) called Grayscale Future of Finance UCITS ETF (ticker: GFOF). It will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Bรถrse Xetra, the company said. The announcement details: GFOF UCITS…

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchillโ€™s statement to โ€œnever let a crisis go to wasteโ€ can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last weekโ€™s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining. One platform that appears to be capitalizing on the void created by TerraUSDโ€™s (UST) collapse is Beefy Finance (BIFI), a multi-chain yield optimizing decentralized finance protocol. Data from…

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy โ€“ Defi Bitcoin News

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The effect of Terraโ€™s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terraโ€™s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to todayโ€™s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than 50% Since April 3, Terra Implosion Impacts Defi Economy the Most The total value locked in defi today is just above the $100 billion mark at $112.29 billion. While the TVL has been sliding since…

Public Consultations Reveal Positive Interest in Bank of Israelโ€™s Digital Shekel โ€“ Finance Bitcoin News

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A survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank of Israel Releases Results From Consultations on Digital Shekel Project Israelโ€™s monetary authority has recently published a paper detailing the outcome of public consultations held to gather opinions from interested parties on its central bank digital currency (CBDC) project. The regulator announced it had received…

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise โ€“ Finance Bitcoin News

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The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser to the countryโ€™s president. Enhancing Africaโ€™s Competitiveness An Africa-focused crypto startup, Mara, has raised $23 million in funding for building a so-called pan-African cryptocurrency exchange, a report has said. Participating in the startupโ€™s capital raise were Coinbase Ventures, Alameda Research, Distributed Global, TQ Ventures,…

Aurora launches $90M fund to finance DeFi apps on Near Protocol

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Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million.ย  The fund was launched today in partnership with Proximity Labs and will be focused on financing decentralized finance (DeFi) applications on the Near protocol. Near Protocol is a DApp platform that focuses on usability among developers and users. As an emerging layer-1 competitor to Ethereum, Near Protocol is also smart-contract capable and runs a proof-of-stake consensus mechanism. Funding was provided by Aurora Labs, which allocated…

Warren Buffett-Backed Nubank Launches Crypto Trading โ€” Holds Bitcoin on Balance Sheet โ€“ Finance Bitcoin News

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Warren Buffett-backed Nubank, one of the worldโ€™s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can โ€œbuy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.โ€ Nubank Now Offers In-App Crypto Trading Nubank, one of the worldโ€™s largest digital banking platforms, announced Wednesday that it is entering the crypto trading market. The bank serves around 54 million customers across Brazil, Mexico, and Colombia. The announcement details: The…

Only A Few People Know Whats Going On – Raoul Pal Ethereum & Bitcoin

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Teller Finance Diversifying DeFi With Travel Insurance

Koala, which isnโ€™t backed by a large insurance broker or carrier, has so far gathered a capital pool of about $450,000 for its Koala Flex product, which allows travelers to cancel their trip at the click of a button and get their money back. Doing so requires the capacity to provide a lot of refunds if necessary, explained Koala Insurance CEO Ugo Weyl, adding that risk-averse insurance and reinsurance firms tend to shy away from this type of innovation. Source

Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates โ€“ Finance Bitcoin News

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Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove โ€œthe barriers to wide-scale crypto adoption.โ€ The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech Firm A number of major financial services companies, including Citi and Wells Fargo, have joined a funding round for Talos, a global firm that provides institutional digital asset trading technology. Talos announced a $105 million…