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Tag Archives: News

VanEck Wants to Issue SOL ETFs in the US

VanEck, the American investment firm, has filed an S-1 registration form with the SEC to issue SOL ETFs (Exchange Traded Funds) in the US. It is the first filing for a SOL ETF in the country. The cryptocurrency’s price saw 8% gains in the 24 hours following the news. The filing comes six days after another asset manager, 3iQ, filed to issue SOL ETFs in Canada. VanEck is most notably known for filing to offer ETH ETFs in the US in 2021. While it was not approved immediately, the SEC has...

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The EU Will Enforce Strict Stablecoin Regulations by June End

The free reign stablecoin issuers had in the European markets is ending on June 30 as the EU’s MiCA (Markets in Crypto Assets) regulations will enforce caps on transaction volumes and value. That means asset-referenced stablecoins not pegged to the Euro, witnessing over a million transactions or facilitating the movement of value over $215 million will need to be discontinued in the bloc. Transactions considered for the caps will include those conducted for payments of goods and services...

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FBI Hikes Bounty for Infamous ‘CryptoQueen’ to $5 Million

Ruja Ignota, a Bulgarian national better known as CryptoQueen and founder of the $4 billion OneCoin scam, is still on the run. While there are doubts about whether she is still alive or not, the FBI has raised the stakes to $5 million for anyone providing information about her location that can lead to her arrest. A US District Court charged her in absentia on 12 October 2017 for masterminding the OneCoin Ponzi scheme. “On October 12, 2017, Ignatova was charged in the United States District...

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PancakeSwap Deploys AI-Based Ether Prediction Market in the Arbitrum Ecosystem

PancakeSwap has launched a new prediction market on Arbitrum in collaboration with Allora, an AI and ML firm. With that, PancakeSwap lets users bet on crypto prices, with price feeds delivered directly to the platform. The novelty comes from Allora’s AI integration, the AI assisting users in making the right bets by guessing which way the price of a digital asset will swing. This is not Allora’s first rodeo in the predictions market—it has been integrated Into such platforms for various...

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US-Based Spot BTC ETFs Witness Net Inflows Again

Spot BTC ETFs offered in the US finally witnessed net inflows on 25 June after a seven-trading-day period of consecutive outflows. They attracted about $31 million, according to SoSo Value. Before the reversal, the ETFs saw over $1.1 billion in outflows on trading days between 13 and 24 June. It is the highest amount accrued by constant outflows since $1.2 billion was flushed out of BTC ETFs between 24 April and the early days of May. Despite the inflows, BlackRock, Invesco Galaxy, Valkyrie,...

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