Author: instant-news

Swarm, the Berlin-based RWA platform founded by innovator Timo Lehes, is revolutionizing the non-fungible token (NFT) space with its brand-new gold-backed product ahead of the European Union’s new MiCA regulation. Swarm Users Have More Control Over Assets With Gold-Backed NFT, CEO Says Swarm’s latest venture will allow customers to buy a real-world asset backed by a gold bar linked to its own unique NFT. The new initiative by the German company could be promising for those interested in having greater control over their assets as the world faces increased fragility and violence. “We’re so used to having balances on banks, brokerage…

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Web3 domain names and digital identity provider Unstoppable Domains has announced an integration with the popular Pudgy Penguins NFT collection, allowing users to use their .pudgy domain names to access Pudgy World. According to the press release shared with Cryptonews, “this feature marks a significant step forward in virtual world accessibility and user experience by enabling single sign-on capabilities via a user-owned custom digital identity.” The benefits of the integration include simplified access and adding a layer of ownership to users’ Pudgy World experience Therefore, users are not restricted to signing in using their traditional passwords and Web2 credentials via Google or Apple. Instead, they can use their personalized…

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Spot Bitcoin exchange-traded funds (ETFs) saw $129.45 million in daily net inflows on Monday, marking the fifth consecutive day of positive flows for these funds. The tally also marks the highest level of fund intake since June 7, according to data from SosoValue. Leading the inflows on Monday was Fidelity’s FBTC, which attracted $65 million in investments. Bitwise’s BITB followed closely with $41 million in net inflows, while Ark Invest and 21Shares’ ARKB reported $13 million in net inflows. Invesco, Galaxy Digital, VanEck, and Franklin Templeton also saw relatively minor inflows, ranging from around $5 million to below $5 million. However, the two largest…

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The Financial Conduct Authority (FCA) has witnessed an increasing number of crypto firms achieving registration, with a total of 44 firms currently registered under the money laundering regulations. Steve Smart, the joint executive director of enforcement and market oversight, said during a recent event that the FCA has served as both a regulator and a law enforcement agency in countering financial crime. “We must stay a step ahead of the criminals, whether it is to pre-empt the way they use new technology such as AI and deep fakes or whether it is to work together with the firms we regulate, to ensure…

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The approval of spot Solana exchange-traded funds (ETFs) in the United States has the potential to drive the price of SOL up 9x, according to crypto market maker GSR Markets. In a recent report released on June 27, GSR Markets identified Solana as one of “crypto’s big three” and examined the likelihood of Solana becoming the next spot cryptocurrency ETF to receive regulatory approval in the US. The report coincided with VanEck’s filing to launch a spot Solana ETF, which took many by surprise. Spot Solana ETFs Could Attract 14% of Bitcoin ETF Flows GSR, which holds a long position on SOL, arrived at…

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nfluencer Logan Paul has taken legal action by filing a defamation lawsuit against Stephen Findeisen, known as “Coffeezilla” on YouTube. The lawsuit, filed on June 27 in a San Antonio, Texas District Court, stems from videos Findeisen produced about Paul’s failed CryptoZoo non-fungible token (NFT) project in 2022. The lawsuit alleges that Findeisen “maliciously and repeatedly published false statements accusing Paul of operating a scam in connection with a troubled blockchain project called CryptoZoo.” Paul seeks to hold Findeisen accountable for his actions and the significant damage caused to his reputation through the intentional spread of defamatory falsehoods, as stated in the…

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Jesse Powell, one of the co-founders of the popular cryptocurrency exchange Kraken, has announced a donation of $1 million to Republican presidential candidate Donald Trump, with the majority of the contribution made in the form of Ether. “I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election,” he wrote in a post on X. Powell added that the crypto industry has faced persistent challenges from figures such as Elizabeth Warren and Gary Gensler, who have been critical of the industry. He also mentioned that despite bipartisan efforts…

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Crypto investor and trader Brian Kelly has suggested that Solana (SOL) could potentially become the next cryptocurrency to have a spot exchange-traded fund (ETF) in the United States. On a recent episode of CNBC’s ‘Fast Money’, Kelly, who also serves as the founder and CEO of the BKCM Digital Asset Fund, posed the question, “The trade now is, who’s next?” He then suggested, “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum and Solana are probably the big three for this cycle.” The speculation comes just a day before the Securities and Exchange Commission (SEC) is set to decide on at least one proposed spot Ether…

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The number of United States adults reporting crypto ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Fed. The survey, known as the Survey of Household Economics and Decisionmaking (SHED), indicates that approximately 18 million US adults reported using cryptocurrencies in 2023, representing a drop from previous years. In the 12-month period leading up to October 2023, the survey found that 7% of the surveyed US adults reported using cryptocurrencies, down from 10% in 2022 and 12% in 2021. Only 1% Used Crypto for Financial Transactions: Fed Survey Among those who reported…

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Source: Adobe Stock In a filing on August 9th in the U.S. District Court for the Southern District of New York, Judge Analisa Torres, who is handling the civil case of the United States Securities and Exchange Commission (SEC) against Ripple Labs, intends to set a jury trial for the second quarter of 2024. The trial will be for motions she did not rule on during the motions for judgment. In December 2020, the SEC filed a lawsuit against Ripple and its two executives, CEO Brad Garlinghouse and co-founder Chris Larsen, for an unregistered $1.3 billion securities offering by selling XRP, a…

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