Hong Kong to launch Asia’s first inverse Bitcoin ETF

In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume, despite a failed launch.…

With 68 million verified users and 8.8 million monthly active users as of Q2 2021, Coinbase’s entry to the NFT industry could provide competition for established marketplaces like OpenSea. 1215 Total views 21 Total shares Major crypto exchange Coinbase has announced it will be opening a waitlist for a nonfungible marketplace it plans to launch…

Blockchain-based prediction market Augur is reportedly significantly overestimating its usage, a founding partner of cryptocurrency hedge fund Tetras Capital claimed on social media on Jan. 10.The latest criticism of the project, Alex Sunnarborg took Augur to task following publication of its most recent weekly report showing the amount of money circulating within its markets.Specifically, the…

The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal.Claims of insufficient evidence In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed ban on crypto ETNs — warning its…

The Virtual Asset Management Bill aims to provide “better protection” for customers and “properly supervise” the industry. 313 Total views 3 Total shares On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for customers and “properly supervise” the industry.The

The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022.On the weekly chart, USDC's market cap, which reflects the number of U.S. dollar-backed tokens in circulation, fell to $49.39 billion on Sep. 26, down almost 12% from…

A Brazilian state-owned bank is reportedly funding a documentary film through its own ether-based stablecoin, Cointelegraph Brazil reports on June 3.Brazil’s National Bank for Economic and Social Development (BNDES) will finance the production of a documentary in collaboration with local cinema producer Elo Company, whose movie “The Boy and the World” by Alê Abreu was…

The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says.Popular suppliers ran out of stock in Q2Bitcoin (BTC) miner market saw significant inflation during Q2 2019, with the majority of miners from various suppliers experiencing shortages, according to Q2 2019 cryptocurrency…

A subsidiary of the major U.A.E. seaport operator Abu Dhabi Ports has launched an international blockchain pilot with the Port of Antwerp, global shipping news agency Hellenic Shipping News reports Oct. 15.Following a Memorandum of Understanding (MoU) signed between Abu Dhabi Ports subsidiary Maqta Gateway and the Port of Antwerp, the companies will run a…