Investment manager Vaneck has registered to list an exchange-traded fund (ETF) that will track BNB, the native cryptocurrency of the Binance-linked BNB Chain. The New York-based firm has proposed the establishment of a trust in Delaware as a preliminary step toward a formal application with the U.S. Securities and Exchange Commission (SEC). If approved, Vaneck’s […] Source
BlackRock has received approval from the UK’s top financial markets regulator, the Financial Conduct Authority, to operate as a crypto asset firm. According to an Apr. 1 report from DL News, the global investment giant managing around $12 trillion in assets will now be able offer its new European Bitcoin (BTC) exchange-traded product in the UK. With this approval, BlackRock joins companies like Coinbase, PayPal, and Revolut as the 51st company to be registered with the FCA. Only 14% of applications have been approved by the FCA, demonstrating its selectiveness.…
A new semi-permissionless privacy tool, Privacy Pools, has launched on Ethereum, allowing users to transact privately while proving their funds aren’t linked to illicit activities. The privacy tool, launched by Ethereum builders 0xbow.io on March 31, earned support from the likes of Ethereum co-founder Vitalik Buterin, who not only backed the privacy project but made one of the first deposits on the platform. 0xbow.io said that it implements “Association Sets” to batch transactions into the anonymous Privacy Pools and that a screening test is conducted to ensure that those transactions…
Elon Musk’s SpaceX will send a four-person crew on a polar orbit mission, funded by the founder of the Bitcoin mining pool F2Pool, Chun Wang. A crew of four is preparing for an unusual journey into space, one that no human has attempted before: flying directly over the Earth’s North and South Poles. The mission, carried out by Elon Musk‘s SpaceX and called Fram2, is being financed by Chun Wang, a Malta-based cryptocurrency investor who built his fortune in Bitcoin (BTC) mining. The team, launching aboard a SpaceX capsule, includes…
The Trump family is entering the Bitcoin (BTC) mining business with a new company called American Bitcoin. According to the press release dated March 31, Eric Trump and Donald Trump Jr. have teamed up with publicly trading crypto infrastructure firm Hut 8 to launch a Bitcoin mining company American Bitcoin. Eric and Donald Trump Jr. will own 20% of the company, while Hut 8 will own the remaining 80%. Initially, the company will focus on mining operations. Moving forward, Trump mentioned plans to build a strategic Bitcoin reserve and potentially…
Terraform Labs will launch a Crypto Loss Claims Portal on March 31, 2025, enabling investors impacted by the 2022 collapse of terrausd (UST) and associated cryptocurrencies to seek compensation. Kroll to Manage Terraform’s Crypto Loss Claims Process According to Terraform Labs, the portal, managed by Kroll Restructuring Administration LLC, marks a critical step in the […] Source CryptoX Portal
Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX. Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to…
Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption. Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM). Gelato emphasized that its service is ideal for advanced applications such as financial technology (fintech) requiring identity verification (KYC) and specialized gaming economies,…
Velar has officially launched the world’s first decentralized perpetuals exchange built natively on Bitcoin. Velar, a DeFi infrastructure platform focused on building advanced trading products and user interfaces for Bitcoin-secured assets, said its new product marks a new chapter in Bitcoin (BTC)-based decentralized finance. Deployed on Stacks, a Bitcoin layer 2, the platform allows users to trade perpetual futures with leverage while maintaining full custody of their assets. The exchange is now live at perpdex.velar.com and opens with a trading pair of sBTC-USDh. USDh, developed by Hermetica, is the first…
This content is provided by a sponsor. PRESS RELEASE. The crypto community is buzzing with anticipation as Lightchain AI prepares for its big debut. Once the presale is complete, both Uniswap and Pancakeswap, two of the largest decentralized exchanges, will list Lightchain AI pairs. This marks a significant milestone for the project and provides a […] Source CryptoX Portal