Grayscale Investment’s new Future of Finance exchange-traded fund (ETF) will now list on the London Stock Exchange, Deutsche Börse Xetra and Borsa Italiana. With the new fund named The Grayscale Future of Finance UCITS ETF (GFOF), investors will be able to make single stock purchases when betting on a variety of companies in the crypto […]
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Hackers that stole $165k dubbed small fry by FBI
The Federal Bureau of Investigation (FBI) has said it was not able to allocate resources the theft of $165,000 worth of cryptocurrency from Coinbase because the sum was too small. Speaking to NBC News, Philip Martin explained how he got scammed by hackers who “phished him” by changing the URL address of the website he […]
Mark Cuban likens crypto crash to early internet
Mark Cuban has expressed confidence that the most recent crypto crash is a temporary lull that will pick back up, likening it to the internet in the early 2000s. The value of Bitcoin (BTC) and Ether (ETH) has crashed to below $26,000 and $2,000 prompting widespread dump of currency in favor of FIAT, but according […]
Charles Hoskinson warns investors of an economic “collapse”
Charles Hoskinson has taken to Twitter to broadcast a live video warning people of a “dystopian future” surrounding hyperinflation in the crypto market. On Tuesday May 12, the Ethereum and Cardano founder told investors to “wake up” when considering the world’s economy and the ongoing crypto crash. Between Wednesday May 11 and Thursday May 12, […]
El Salvador’s BTC reserves takes a hit
The value of El Salvador’s 2,301 Bitcoin (BTC) purchase has dropped by $37m, its lowest point since December 2020. A total of $103m has been spent by President Nayib Bukele on BTC, but now during the current crash of the coin, the Latin American country’s holdings are worth an estimated $66m, according to data from […]
Stablecoins drop well below $1
The recent price drop in cryptocurrencies has caused even stablecoins to lose some of their value, which has begged the question how are stablecoins such as Tether (USDT) to be trusted. The dollar-pegged cryptocurrency saw a steady decrease in its value, after half of the crypto market was sold off over the past few days. […]
Germany makes sale of crypto assets tax free if held for one year
The German Federal Ministry of Finance (BMF) has issued guidance enabling investors to sell Bitcoin (BTC) and Ethereum (ETH) tax free after one year of holding them. The 24-page document, which details new tax arrangements on cryptocurrencies and blockchain-based tokens, was published on Tuesday. Section 23 of the German Income Tax Act states that if […]
OneCoin founder added to Europe’s Most Wanted list
The notorious founder of scam cryptocurrency OneCoin Dr Ruja Ignatova has been added to Europe’s list of it most wanted people. The scammer disappeared after being accused of stealing around $5bn from investors back in 2017 and not been seen since she boarded a flight to Athens. The European Union Agency for Law Enforcement Cooperation, […]
Dogecoin remains Twitter’s most loved currency
A study has investigated the most liked and most hated cryptocurrencies on Twitter, with Dogecoin (DOGE) revealed to be the most popular on the platform. DOGE has enjoyed a wave of endorsement on Twitter, a platform that is now owned by Tesla CEO and long-time DOGE proponent Elon Musk. Endorsed by Musk, the “meme coin” […]
Metaverse casino slammed by US regulators
A metaverse casino projects with ties to Russia has been handed a cease-and-decease letter by five US state regulators. The Flamingo Casino Club is accused of misleading investors into believing that the online casino is linked to the iconic Flamingo Las Vegas property. The connection has been implied across the metaverse project to build up […]