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Articles by Mandy Williams

Mastercard Has to Be in the Cryptocurrency Space, Says CEO

12 hours ago

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem.
To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their CBDC or stablecoin projects.
During an earnings call yesterday, Mastercard’s CEO, Michael Miebach, revealed that the company is devising a new initiative to help startups and a virtual testing platform for central banks.
Mastercard CEO: We have to be in this Space
According to Miebach, the cryptocurrency industry is still a relatively new market, and people are curious to know how exactly it works.

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Binance Completes Polygon Mainnet Integration For Deposits and Withdrawals

18 hours ago

Leading cryptocurrency exchange Binance has completed the integration of Polygon mainnet to support deposits and withdrawals of the mainnet token of the Ethereum-scaling network. 
Binance Now Supports MATC Mainnet Token
According to a press release shared with CryptoPotato on Friday, Binance users will now be able to make deposits and withdrawals with the MATIC mainnet token. 
They will also be able to utilize several DeFi dApps such as SushiSwap, Aave, Curve, and Balancer, without having to use the Polygon Ethereum Matic bridge and at a relatively low cost.
With the completion of Polygon’s mainnet integration, Binance has now joined a growing list of reputable crypto exchanges and wallet providers, including Coinbase, OKEx, Huobi, and Trust Wallet, to adopt the network.

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New York Knicks Partners With Sweet to Launch Limited Edition 3D NFTs

1 day ago

Sweet, an enterprise NFT solutions provider, has recently partnered with the American professional basketball team, New York Knickerbockers, popularly known as the New York Knicks, to create a limited edition NFT pack.
According to the official announcement, the New York Knicks will be commemorating the 2020–2021 basketball season with a collection of 5 Limited Edition 3D Knicks NFT tickets.
Embedded in the non-fungible tokens are selected rare moments from Game 1 of the NBA playoffs at Madison Square Garden on May 23, 2021.
These limited edition 3D Knicks NFTs, built with the ERC721 token standard, will allegedly be made accessible to everyone to hold and own.
How it Works
Sweet claims that it has designed the NFT collection to be consumer-centric, without users having to

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Cashing Out Buterin’s $1B SHIB Donation Isn’t Easy, Says COVID-Crypto Fund’s Creator

3 days ago

It’s been two months since Ethereum’s co-founder Vitalik Buterin shocked the entire crypto community with his $1 billion Shibu Inu (SHIB) donation to the COVID-Crypto Fund in India. However, cashing this in revealed to be troublesome, according to the fund’s creator.
Only $20M Have Been Disbursed
But to date, only an infinitesimal portion of the tokens have been distributed, according to Sandeep Nailwal, Polygon’s co-founder and the creator of the Fund that received the donation. 
In fact, the New Delhi-based entrepreneur revealed that only $20 million of the SHIB tokens has been paid out with another $20 million in the pipeline. 
Sandeep Nailwal: It Isn’t Easy 
The fund creator told Bloomberg that cashing out Buterin’s $1 billion donation is quite tricky because of the

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Chamath Palihapitiya’s Social Capital Invests in Solana-Based Saber Protocol

3 days ago

Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital. 
Saber Secures Funding From Industry Investors 
Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s Social Capital, and Solana Foundation, among others. 
The $7.7 million investment round also received contributions from popular crypto experts such as OKCoin’s Jason Lau, FTX’s Tristan Yver, Curve Finance’s Julien Bouteloup, Terraform Labs’ Jeff Kuan, and Stacks’ Ryan Shea. 
According to Saber Labs, the core team behind the project, the funds will be channeled toward major areas such as

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Dash Rolls Out Instant Savings Retail App to Boost Adoption 

4 days ago

In an effort to drive crypto adoption in the United States, Dash, an open source cryptocurrency forked from the Bitcoin protocol, has recently launched a retail savings app dubbed DashDirect.
Dash Launches DashDirect Savings App
In its official announcement today, Dash revealed that the new app will allow DASH holders to spend their coins at thousands of retail stores in the U.S.
Users of the app can pay with DASH for exclusive discounts on their everyday purchases at national chain retailers consisting of 155,000 merchant in-store locations and more than 125 online retailers in the country. 
Some of the listed stores include Best Buy, DoorDash, CVS, Lowe’s, Staples, The Home Depot, Autozone, GameStop, Chili’s, Ulta, Chipotle, Subway, and American Eagle to mention a few.

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Solana Announces Exclusive Hackathon for Indian Developers

4 days ago

To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs.
Solana Unveils Hackathon with Over $80k in Prizes 
In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3 weeks and registration for it is open to students, Web2 and Web 3 developers, engineers, and basically anyone who is looking to get into the crypto space.
The hackathon will be organized in collaboration with Superpumped and Devfolio, two tech firms that have helped host thousands of hackathons across the globe.
Participants will have the opportunity to win prizes from a pool containing more than $80,000, be able to

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Bitcoin Price to $5 Million? S2F Model Creator Explains His Long-Term Prediction

5 days ago

PlanB, a quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model, is still very much bullish about the future of the leading cryptocurrency. 
The drop in bitcoin’s price within the last three months has raised many questions among crypto traders and analysts on whether or not the bull market is still intact. However, PlanB is unconcerned about the current market trends, and he is looking ahead to what’s to come. 
For clarity, the stock-to-flow model uses multiple variables like bitcoin’s production, supply, and evolution to predict the price of the cryptocurrency. 
PlanB: Bitcoin Price at $5M is a Real Possibility 
In a recent interview with Scott Melker, popularly known as The Wolf Of All Streets, the S2F model creator gave reasons why he

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CZ Hints Binance US is Considering Going Public Via IPO

8 days ago

Despite its recently rocky relationship with global regulators, leading cryptocurrency exchange Binance has revealed that its U.S.-based division, Binance US, is considering going public.
Binance US Considers IPO
Changpeng Zhao (CZ), founder and CEO of Binance, made this known at the ReDeFiNE Tomorrow 2021 blockchain virtual conference. Speaking on the future plans and the regulatory issues that his exchange has been facing, CZ hinted that Binance US is looking to go public via an initial public offering (IPO).
According to the CEO, the U.S. division, which operates separately from Binance, is setting up structures that will allow it to meet regulatory requirements for an IPO.
“Binance US is looking at the IPO route. Most regulators are familiar with a certain pattern or

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Acala’s Karura Swap Becomes the First DEX on Polkadot’s Kusama

8 days ago

The Acala Foundation has recently announced the launch of its decentralized exchange (DEX), Karura Swap on the Kusama and Polkadot ecosystem, with its so-called “first trustless trading pair” KSM/KAR already available for trading.
Over $3.4M in TLV
In a Friday announcement, Acala noted that the KSM/KAR pair currently has over $3 million in Total Value Locked (TVL) and will now be traded on the Karura Swap platform. KSM and KAR are the native tokens of Kusama and Karura respectively.
The foundation further revealed that the more than $3.4 million TVL for the pair was achieved because of the “Bootstrap” mechanism it had applied.
The Bootstrap Mechanism
As announced, Karura Swap has a unique feature to launch trading pairs in a “Bootstrap” mode, which is a brief period that

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JPMorgan Becomes First US Banking Giant to Give Wealth Clients Access to Crypto Funds

9 days ago

Retail wealth clients at American banking giant JPMorgan Chase & Co have been given access to several cryptocurrency products, including Grayscale Bitcoin Trust (GBTC). The move makes the bank the first major financial institution in the United States to do so.
JPMorgan Approves Five Crypto Funds
The bank issued a memo to its financial advisors earlier this week, giving them the green light to give all retail wealth clients access to crypto funds, Business Insider reported Thursday, citing sources familiar with the matter.
JPMorgan told its advisors that starting July 19, they can now take buy and sell orders from wealth clients for five crypto funds. Four of the products are powered by leading digital asset manager Grayscale Investments and one from Osprey Funds.
The

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Wyre Partners With Polygon to Offer USDC to Customers

9 days ago

Wyre, a blockchain payments provider, announced today that developers around the world are now able to provide USDC stablecoin to customers in the Polygon ecosystem. The feature was made possible through a partnership with Polygon.
Wyre Integrates With Polygon
Wyre said in a press release shared with CryptoPotato that the integration of its Checkout API with Polygon will allow developers to quickly and easily provide a fiat-to-USDC on-ramp for their users. Meanwhile, the stablecoin is also available with the company’s Check and Card Processing API.
According to the payments processor, the feature provides one of the only fiat-to-USDC on-ramps for clients around the globe and in 43 US states with the conversion process taking less than 30 seconds.
Wyre made its entrance

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JPMorgan Exec: Demand for Bitcoin is High, Most Clients See it as an Asset Class

9 days ago

While being skeptical about offering bitcoin investment options to its clients, the American multinational investment bank JPMorgan Chase & Co has admitted that demand for the asset class has increased significantly.
Growing Demand for Bitcoin
In a recent interview with Bloomberg, Mary Callahan Erdoes, JPMorgan’s director of Asset and Wealth Management, noted that most of the company’s clients view bitcoin as an asset class.
To maintain its client base, Erdoes stated that the giant bank will continue to provide cryptocurrency services to its customers to meet up with the growing demand.
“A lot of our clients say, ‘That’s an asset class, and I want to invest,’ and our job is to help them put their money where they want to invest,” she said.
Interestingly, earlier in

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NFT Marketplace OpenSea Raises $100M in a Funding Round Led by Andreessen Horowitz 

10 days ago

The world’s largest NFT marketplace, OpenSea has recently raised $100 million from industry investors in a recently-concluded Series B funding round led by leading American venture capital firm, Andreessen Horowitz.
Making NFT Trading Accessible to More Users
In an official press release published Wednesday, OpenSea noted that it will use the funds to expand its reach into several new international markets to make NFT trading accessible to more users.
The project also added that part of the funding will be used to scale its platform, focusing primarily on hiring new engineering talent to further establish its presence within the NFT space.
The funding round, led by Andreessen Horowitz, received support from several other investors including Coatue and CAA, along with

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Enjin Joins UN Global Compact to Promote Sustainability and Equality

11 days ago

NFT ecosystem provider and creator of the ERC-1155 token standard, Enjin, has recently joined the United Nations Global Compact, a global organization that supports businesses working to adopt Sustainable Development Goals (SDGs).
First NFT Platform to Join the UN Global Compact
In a press release shared with CryptoPotato, Enjin revealed that it would join the UN Global Compact as a Participant, the highest membership rank in the organization. 
This positions Enjin as the very first NFT platform to become a part of this global body, considering that the UN Global Compact has strict requirements regarding sustainability and equality in areas of human rights, environment, and labor.
Enjin proved itself to be worthy of this position when it made significant efforts to

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Polygon Unveils New Blockchain Gaming and NFT Division

12 days ago

Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has revealed that it is launching a new NFT-focused arm, dubbed Polygon Studios.
Polygon Launches Gaming and NFT Arm
In an official press release shared with CryptoPotato, Polygon noted that the new division will be focused on growing the global Blockchain Gaming and NFT industry, as well as bridging the gap between Web 2 and Web 3 gaming.
The project stated that the gaming community on its platform has been witnessing exponential growth in recent months, prompting the creation of Polygon Studios.
There are currently over 100,000 blockchain gamers on Polygon with several top Web 3 games. These include Aavegotchi, Zed Run, Megacryptopolis, and more, in addition to major metaverse projects

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Thether Hasn’t Issued USDT on Ethereum Since May: CTO Not Concerned

12 days ago

Stablecoin giant and crypto’s money-printing machine Tether has not issued a single USDT on the Ethereum network in the last 50 days as other stable assets gain ground in the market. 
USDT Issuance on Ethereum Dries Up
According to recent data, the last time USDT was minted on Ethereum was on May 31st, making it the longest time in history that the asset has not been issued on the network. The total value of minted ERC20 USDT now stands at $28.9 billion.
Tether (USDT) Minted. Source: DeBankOne major reason for the sudden halt in the minting of new USDT on Ethereum could be low demand due to high fees that users pay when interacting with the smart contract network. Although the leading stablecoin is issued on several blockchains including Omni and Binance Smart Chain (BSC),

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Dogecoin Surges 10% as Elon Musk Puts Doge Eyes on Twitter

13 days ago

Elon Musk has seemingly not completely forgotten about Dogecoin, as some may have feared. DOGE spiked more than 10% after the billionaire updated his Twitter picture to show that he still supports the cryptocurrency. 
Musk’s New Twitter Picture Boosts DOGE Price
Musk’s new profile picture is a head shot of him with DOGE reflections on his sunglasses, similar to that of Bitcoin’s Laser eyes meme which trended across Crypto Twitter in February. 
This single action from the Tesla CEO saw the price of the meme-coin move from $0.18 to above $0.203 overnight. However, the cryptocurrency has retraced and is currently trading at $0.183. 

Dogecoin is down more than 75% from its all-time high (ATH) of $0.7376 recorded in May. The massive drop forced desperate investors to beg the

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Cardano DeFi Project Spores Raises $2.3 Million in Funding Round

15 days ago

Spores Network, a new creator-centric NFT and DeFi platform, has announced that it raised about $2.3 million from investors in a just-completed funding round.
Cardano’s First Full-Stack DeFi Platform
In a press release shared with CryptoPotato, Spores noted that it is stepping up its game to become the first full-stack NFT and DeFi platform to integrate with the Cardano blockchain.
Spores pointed out that to further increase the reach of the rapidly growing NFT market to mainstream users, it would need lower transaction fees, environmentally friendly transaction processes, higher throughput, and a large loyal community.
Speaking on the funding, Spores Network’s CEO, Duc Luu said, “We at Spores Network are incredibly excited to launch our vision of NFTs and DeFi with the

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UK’s FCA to Launch a $15M Marketing Campaign Warning Against Crypto Investing Risks

16 days ago

As crypto ownership and interest continue to rise in the UK, the country’s financial watchdog, the Financial Conduct Authority (FCA), is planning to launch a £11m ($15.25 million) marketing campaign to warn young investors about risks associated with crypto investments.
FCA Targeting Millennials
According to the regulator, the ads, which will be targeted at UK residents within the ages of 18 to 30 years, will inform them about the risks involved in purchasing Bitcoin (BTC), as well as other cryptocurrencies.
Commenting on the development, Nikhil Rathi, FCA’s chief executive said the move echoes the government’s previous warnings, stating that crypto investors should be prepared to lose their money given the associated risks.
Rathi noted that following the GameStop frenzy,

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11% of UK Citizens Consider Buying Crypto Over the Next Year: Survey

17 days ago

With cryptocurrencies taking center stage in the financial industry in recent months, a new survey has revealed that an increasing number of UK residents are considering adding crypto assets to their investment portfolios in the coming months.
UK Adults Consider Buying Crypto
The research was conducted by Ziglu, a UK-based money app, and cryptocurrency platform. CryptoPotato reached out to the firm and learned that the sample size of the survey was 1,011 UK adults above 18 years.
It revealed that about 39% already own crypto, and about 11% of UK adults are contemplating buying over the next year.
Out of the 11%, about 3% (approximately 1.57 million people) are very confident that they would buy crypto for the first time in the coming 12 months. The remaining 8%

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Leading Smart Product Retailer Wellbots Now Accepting Bitcoin Payments

19 days ago

Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies. 
Wellbots Now Accepts BTC 
Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its smart products. 
Before this time, the online store only accepts traditional payment methods such as Shop Pay, Google Pay, PayPal, Amazon Pay, Credit Card, and Affirm.  
However, with the integration of six cryptocurrencies, Wellbots customers can pay for goods directly using the assets without converting the coins to fiat. 
Commenting on the development, Phil Berdugo, CEO of Wellbots,

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Grayscale’s $550 Million GBTC Unlock: Analysts Question The Price Effects on Bitcoin

20 days ago

With Grayscale Bitcoin Trust (GBTC) biggest BTC unlocking event scheduled to happen in the middle of July, many market analysts and traders are worried about the potential effects of this event on bitcoin’s price and the crypto market in general.
However, crypto trading firm, QCP Capital, believes the unlocking will not pose any significant threat to the market’s balance.
What Is The GBTC Unlock?
Grayscale Bitcoin Trust is the largest traded crypto fund in the world, owned by leading crypto asset manager Grayscale Investments, LLC. The investment vehicle allows both individual and institutional investors to engage in bitcoin trading without having direct exposure to the crypto asset.
Accredited investors can buy shares of the fund directly and then sell them after a

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ChainSwap Exploited: Projects Using The Bridge Protocol Crashed 99%

20 days ago

ChainSwap, a cross-chain asset bridge and application smart chain, has become the latest victim of the increasingly worrying exploits happening in the DeFi ecosystem that has caused the sector to lose hundreds of millions of dollars since the start of the year.
What is ChainSwap?
As a hub for smart chains, the ChainSwap protocol acts as a defi bridge for projects and users to seamlessly move assets between different blockchains like Ethereum (ERC20), Binance Smart Chain (BSC), and Huobi’s ECO Chain.
It also plans to build cross-chain solutions for Bitcoin, Polkadot, and Solana – the same as ChainSwap did with Polkastarter in March.
In May, the project received an investment worth $3 million from leading industry investors including Alameda Research, NGC Ventures, and OK

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TikTok Bans Cryptocurrency-Related Ads

21 days ago

Crypto influencers will no longer be allowed to promote crypto projects on TikTok after the popular social network released new guidelines on Friday.
TikTok Bans Crypto Ads
Updating its Brand Content Policy, TikTok noted that all the following forms of financial services and products are now banned from the social media platform: cryptocurrencies, trading platforms, pyramid schemes, “get rich quick” schemes, credit cards, loans, and some others.
According to recent reports, most of the victims of these high-risk investments and get-rich quick schemes being promoted on TikTok are young people and the United Kingdom Financial Conduct Authority (FCA) recently voiced concern over the worrying trend.
Curbing Financial Scams
TikTok claims the move is to end the increasing rate

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Stablecoin Issuer Circle is Going Public at $4.5 Billion Valuation

23 days ago

Global fintech firm and developer of the USDC stablecoin, Circle, has revealed that it will be going public on the New York Stock Exchange (NYSE) via a new business alliance.
According to an official announcement today, Circle has partnered with Concord Acquisition Corp, a publicly traded special purpose acquisition company (SPAC) with more than $276 million in trust.
$4.5 Billion Valuation
Once the deal is completed, Circle will have an enterprise value of $4.5 billion. Additionally, all existing shareholders at Circle will still have 86% ownership of the company, with the co-founder and CEO, Jeremy Allaire retaining his position.
However, Bob Diamond, the Chairman of Concord Acquisition Corp, will join the company’s board of directors.
Several top investors, including

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Shiba Inu’s Newly Launched ShibaSwap DEX Explodes With $1.5B TVL in Less Than 2 Days

23 days ago

Barely two days since the launch of ShibaSwap, a DeFi platform coming from the popular Ethereum-based meme project, Shiba Inu, more than $1.5 billion worth of assets have been locked on the exchange.
ShibaSwap Records $1.5 in TVL
As with many DeFi projects, ShibaSwap also introduced a yield farming program that allows users to stake their tokens for rewards. The project’s pseudonymous “Top Dog,” Shytoshi Kusama, noted in a Medium post that the Shiba Inu army can stake either $SHIB or $LEASH to earn $BONE – the native token of ShibaSwap.
In 24 hours after the launch, the TVL reached a significant milestone of $1 billion. Furthermore, it is currently at above $1.5 billion after surging to a high of $1.54 billion, according to data on ShibaSwap.
ShibaSwap Behind High Ethereum

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Alchemy Partners with Polygon (MATIC) to Improve Network Capabilities

24 days ago

In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities. 
Alchemy Integrates Polygon
The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network. 
Furthermore, the partnership would also provide the necessary tools to dApp developers, enabling them to launch relevant blockchain-related products and services in the near future. 
Based on the partnership, dApp developers building top applications on Ethereum can now enjoy several exciting features of Polygon and Alchemy, including high-speed, low-cost transactions, maximum

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Maltese Man Accused of Stealing $700K Worth of Crypto

24 days ago

A Maltese man is currently facing several charges alleging that he had fraudulently taken about $700,000 worth of crypto from his drinking companion.
According to a Tuesday report by a local media outlet, several police officers testified against the suspect during the hearing of the case which took place before magistrate Donatella Frendo Dimech.
He faces the following charges: money laundering, misappropriation, theft of cryptocurrency, violently resisting arrest, being in possession of items used for fraud, and handling stolen goods, among other things.
The Full Story 
The accused, 25-year-old company director, Luke John Milton, had met the 27-year old victim, Dillon Attard, some days before the incident after the latter came across a blockchain project while exploring

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Digital Asset Manager CoinShares to Acquire Alan Howard’s ETF Index for $17 Million

25 days ago

European digital asset manager, CoinShares International Limited, has recently announced that it will be acquiring Elwood Technologies’ Exchange-traded Fund (ETF) index business for $17 million.
In an official blog post, CoinShares revealed that the deal will be finalized in the second week of July and will settle via an equity swap, through the issuance of 1,298,322 new ordinary shares for $13.09 per share.
$1 Billion in AUM
Elwood Technologies is owned by Alan Howard, the billionaire hedge fund manager and co-founder of Brevan Howard Asset Management.
The company had launched its Blockchain ETF in partnership with Invesco Ltd. Over the two years since its creation, the fund invests in companies that are developing blockchain technology and has now accumulated more than

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