Tag: finance

Decentralized Finance Space Heats up With Launch of World’s First DeFi ETF

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The decentralized finance (DeFi) space is continuing to heat up, with the world’s first ever exchange traded fund (ETF) launching this month. Hashdex, a Brazilian asset manager, is launching an ETF fund in collaboration with CF Benchmarks to track 12 DeFi tokens. The Hashdex DeFi Index ETF will be listed on the Brazilian stock exchange on February 17, allowing investors to track a basket of projects in the DeFi space. DeFi markets have grown tremendously over the last year to become an $80 billion market in 2021, with more growth…

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise – Finance Bitcoin News

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The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been propelled to unicorn status with a post-money valuation of $1 billion. Dune Analytics Secures $69.4 Million in Series B Financing Round, Plans to Offer Financial Compensation to Contributors On Wednesday, the decentralized finance (defi), non-fungible token (NFT), and Web3 analytics platform Dune…

Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary

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T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative that cryptocurrencies will be widely accepted in the country — by dismissing the possibility of using them as legal tender. According to a Wednesday tweet from Asian News International, Somanathan said that a digital rupee backed by the Reserve Bank of India, or RBI, will be accepted as legal tender, but major cryptocurrencies have no chance of doing so. The finance secretary added that because digital assets including Bitcoin (BTC) and Ether (ETH) do…

PsyOptions Acquires Tap Finance for Undisclosed Sum

Solana-based options trading platform PsyOptions has acquired Tap Finance in a bid to add structured investment products to its lineup. PsyOptions paid for Tap Finance with a mix of tokens and cash, core contributor Tommy Johnson said. He declined to state its total value, saying it would “distract” from the news. The deal bolsters PsyOptions’ effort to become a full-service crypto options outfit. Already host to “American style options” (which traders can execute right up to expiration), it will now also house Tap’s “Decentralized Options Vault,” or DOV. Read more:…

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions – Regulation Bitcoin News

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The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income Indian Finance Minister Nirmala Sitharaman proposed taxing income from cryptocurrencies and other digital assets at 30% while presenting the federal budget Tuesday. She said: I propose to provide that any income from transfer of any…

Panther Protocol’s $ZKP Token Launches, Sets to Revolutionize Private Finance – Sponsored Bitcoin News

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sponsored In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of interchain features to seize the many opportunities of a thriving ecosystem keeps billions of dollars in value separated. And, of course, traceability and surveillance are issues permanently looming on the horizon. Introducing Panther Protocol, the…

Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status – Finance Bitcoin News

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On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a Series B financing round according to the firm’s recent blog post. Furthermore, Phantom also launched the Solana wallet’s iOS version for Apple smartphone users. According to the announcement, the $109 Series B was led by…

FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation – Finance Bitcoin News

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Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion. FTX Series C Fundraise Brings Firm’s Valuation to $32 Billion FTX Trading Ltd. has raised $400 million in a Series C fundraising round according to an announcement on Monday. The fundraise follows the firm’s Series B at the end of July last year and…

Cryptocurrency Will Never Be Real Money

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Go to Squarespace.com for a free trial, and when you’re ready to launch, go to to save 10% off your first purchase of a website or domain. Cryptocurrency, ah, a video I intended on doing a long time ago but…didn’t. See, I used to trade this stuff, and have heard all the arguments in support, against, and everything in between. But now it’s time for me to say something. Probably. Maybe. Don’t go to the moon. It’s cold, and oxygen is hard…