Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund Rivals

by Jamie Redman Another firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC.The finance manager Arca has filed a Form D […]

Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Be Regulated and Not Prohibited

by Terence Zimwara In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns.Still, in […]

Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America

by Felipe Erazo In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete.According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment starts at 100,000 euros ($120,600). However, anyone who would like […]

3 Ways Consumer-Focused Tech Startups Can Better Serve Connected Communities And Attract Investors in 2021

February 26, 2021 Luisa Rubio, Head of Wayra X Luisa Rubio, Head of Wayra X February 26, 2021UCLA Professor Matthew Lieberman once said, “being socially connected is our brain’s lifelong passion … It’s been baked into our operating system for tens of millions of years.” Now, in light of stay-at-home measures and social distancing, such connection has never been more […]

Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens

by Terence Zimwara A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify their portfolios. […]

China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out

by Jamie Redman A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin (BTC) prices in February have spiked considerably in […]

Fungram LTD Has Applied for Exempt Offering of Securities From the SEC

PRESS RELEASE. On January 26, 2021, Fungram LTD, as a comprehensive blockchain enterprise serving the world, has applied for an Exempt Offering of Securities from the U.S. Securities and Exchange Commission (SEC).Based on the three major ecological sectors, DeFi lending system, encrypted index platform, and decentralized wallet, Fungram will provide a smart and open financial application ecosystem with a low […]

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

by Felipe Erazo A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly.Per the findings, in 2020, the firm said that cybercriminals attempted to withdraw stolen and scam-sourced digital assets at a rate of 13x faster than […]

Local leaders reckon with ShotSpotter's ambiguous ROI

Following a year of 12% revenue growth, some experts question the tech's efficacy to tackle crime as many of its contracted cities face dwindling revenues and record-breaking homicide rates.In 2011, an 11-year-old girl in Kansas City, MO was struck and killed by celebratory gunfire on the Fourth of July. The tragic event prompted an annual tradition in town: Each Independence Day, […]