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- IN Australian Stock Exchange is considering a range of applications for a cryptocurrency exchange-traded fund (ETF) that may launch as early as this year, Business Insider Australia reports, citing “multiple industry sources.”
- Digital currency group (DCG), parent company Investing in grayscale, said it had authorized the purchase of DCG shares for a total of up to $ 750 million. Grayscale Bitcoin Trust… This increases DCG’s prior authorization to purchase GBTC shares up to US $ 250 million for US $ 500 million. They added that as of April 30, 2021, DCG had acquired GBTC shares worth $ 193.5 million.
- INX Ltd, a blockchain-based global trading platform for digital securities and cryptoassets, said on Monday that it expects to raise $ 125 million in securities and stock offerings, Reuters reported. Proceeds from the first-ever IPO of security tokens totaled $ 85 million from more than 7,200 institutional and retail investors, the report said.
- Andreessen Horowitz, one of the largest venture capital firms in Silicon Valley, after successful investments in Coinbase, is seeking to raise a fund of up to $ 1 billion to invest in cryptocurrencies and crypto startups, the Financial Times reports, citing “four people. with process knowledge “.
- IN Digital dollar project (DDP) said it will launch at least five pilot programs over the next 12 months with DDP stakeholders and participants to measure the value and inform the future design of the US Central Bank Digital Currency (CBDC) or digital dollar. They added that the DDP will present the results and ideas of the pilot projects to the public for use in academic research and for policy consideration by Congress.
- Ethereum wallet (ETH) and Web 3.0 browser Metamascus warned to its users that a new type of phishing bots has become active. He “helpfully suggests filling out a support form on a large site like Google Sheets” and “asks for your recovery passphrase,” they said, adding that “the simplest and easiest way to avoid such a phishing attack is to ONLY seek support from INSIDE the app you want help for. “
- The 1 of May, Spartan Protocol, a decentralized protocol built on Binance Smart Chain was used to result in a loss of over $ 30 million, according to a security startup PeckShield… The incident occurred due to the incorrect calculation of the liquidity share in the protocol used to withdraw assets from the pool, they added. The team behind the protocol confirmed that there is a flaw in their code, despite the fact that it “passed the audit”, “but an unethical hacker took advantage of it.” The team added that “Sparta will be rebuilt”.
- The Turkish government has told cryptocurrency exchanges that they must comply with the same anti-money laundering and terrorist financing protocols as the regular financial sector. A new decree went into effect over the weekend banning the use of cryptocurrency for payments, although the country’s new central bank governor had previously ruled out a complete suppression of Chinese-style cryptocurrency. In a presidential decree issued on May 1, the government explained that the current anti-money laundering law was amended by presidential decree on April 30 to include “cryptoasset service providers” and “savings financial companies.”
- A private member bill that proposes to “institutionalize” crypto assets “such as bitcoin (BTC) and ethereum” in South Korea should be introduced by an MP from the ruling party, Seoul Kyunjae said. The Parliamentary Finance Committee will consider a bill from Democratic Party MP Lee Yong-woo. Lee argued that the bill would be aimed at increasing “transparency” in the sector. He said this would force crypto exchanges to keep their crypto funds with third-party custodians and remove all forms of anonymity in the sector.
- Ethereum-based Umbrella network, a decentralized finance (DeFi) project, said it is now launching on Binance Smart Chain. “The high cost of the Ethereum network clearly makes it difficult for us to achieve our first goal: to be the lowest cost data provider,” the team said.
- Spain University of Zaragoza launched what she called “a groundbreaking study on the use of bitcoin in payments.” The university is conducting a survey of English and Hispanic people about people who have used BTC to buy products and services in what it called “a large and representative sample from several countries” in an interview with Diario Bitcoin. The research team said it “decided to focus on bitcoin” because “of the few companies that accept cryptocurrency payments, virtually most of them deal exclusively with BTC.”