Brazilian fund manager and Nasdaq to launch world’s first Bitcoin ETF

Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares will be issued for trade on … Read more

DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%.  Cryptocurrency daily market performance snapshot. Source: Coin360 At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as both have dropped by 46% and … Read more

Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants

Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that the “necessary equipment has been installed in three power plants of Ramin, … Read more

Market Wrap: Bitcoin Dips to $10.1K, Ether Drops to $330 on Sell-Off Session

Bitcoin and ether both dropped Monday as global markets conducted a selling session. Bitcoin (BTC) trading around $10,492 as of 20:00 UTC (4 p.m. EDT). Slipping 3.6% over the previous 24 hours. Bitcoin’s 24-hour range: $10,179-$10,994. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since … Read more

The Fast-Growing NFT Market Is Problematic Yet Promising

In some circumstances, is yield farming with non-fungible tokens (NFTs) another term for wash trading? Yield farming is the process of getting tokens in return for providing crypto assets to fledgling marketplaces. The activity surged this summer starting with decentralized finance (DeFi) money markets like Compound. But now the game has migrated to other markets … Read more

SEC, OCC Issue First Regulatory Clarifications for Stablecoins

The U.S. Office of the Comptroller of the Currency (OCC) has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. The Office of the Comptroller of the Currency (OCC) and the Securities and Exchange Commission (SEC) published stablecoin guidance Monday, providing the first detailed national guidance on how … Read more