Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF
If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.
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Revolut Confirms Firing 62 Employees in the Wake of Coronavirus
London-based tech startup Revolut confirmed its employee downsizing numbers. 670 Total views 28 Total shares Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale.“As in many companies, COVID-19 necessitated cost cutting across our business…

History of money: From fiat to crypto, explained
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Crypto is no longer in the early adoption stage, Bittrex Global CEO says
Bittrex Global's CEO explains where he thinks the crypto industry is in terms of adoption. 741 Total views 10 Total shares The crypto industry began with Bitcoin’s launch in 2009, flowering into a bustling industry filled with many different assets and blockchain-based solutions in the years following. The sector, however, is no longer in its…

One of Europe’s largest investment banks issues security token on Tezos
Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network. 6060 Total views 35 Total shares European financial behemoth Société Générale has issued a security token on the Tezos blockchain.According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale.The bank stated…

MEV bot earns $1M but loses everything to a hacker an hour later
An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds. 433 Total views 36 Total shares An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn…

US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power
The United States prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto mining.According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fraud, four counts of access device fraud and two counts…

Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo. 66 Total views 1 Total shares The Reserve Bank of India, or RBI, continues to investigate the issuance of a central bank digital currency, or CBDC.T Rabi Sankar, the deputy governor of RBI, said in…

China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news
The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the economic confrontation between the U.S.