IOTA is set to revolutionize the crypto landscape with the launch of ShimmerEVM, a parallelized DAG ledger optimized for custom smart contract chains. The testnet has already processed more than 1.4 million transactions, and the team is in the advanced stages of their testing phase. The ShimmerEVM mainnet launch has experienced delays due to in-depth […]
Manilla Technologies, a Web 3.0 company, is excited to announce the Initial Coin Offering (ICO) for its product Manilla Finance. The ICO is a significant milestone for the company and the financial industry, promising to reshape the way individuals and businesses engage with regular financial services and the blockchain. Manilla Technologies aims to bridge the […]
The Financial Accounting Standards Board (FASB) has unanimously approved new guidelines for accounting and disclosing cryptocurrencies like Bitcoin. These regulations will come into effect in 2025, in an effort to improve transparency for investors and others who rely on financial statements. The new rules will require digital assets to be logged at their current market […]
Bitop Exchange, a regulated cryptocurrency exchange, has announced enhancements to its core products to better meet the needs of retail and institutional clients. The exchange is aiming to attract traders exploring investment options in commodities, stocks, spot, and derivatives via a user-friendly platform.Bitop has become licensed by the U.S. Securities and Exchange Commission and registered […]
The race for the first United States Ethereum exchange-traded fund (ETF) has officially begun after the Chicago Board Options Exchange (CBOE) filed two 19b-4 applications to the United States Securities and Exchange Commission (SEC). The applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX […]
October is shaping up to be a pivotal month for the future of crypto, with the SEC’s deadline to provide a decision on the status of seven spot Bitcoin ETFs extended to around the middle of the month. Grayscale, a crypto research firm, has urged the SEC to approve spot Bitcoin ETFs quickly, warning that […]
The Financial Accounting Standards Board (FASB) has approved rules for accounting for the fair value of companies’ cryptocurrency holdings, which will go into effect in 2025. Fair value is the estimated price of an asset that takes into account current market value and other decisive elements. The new accounting method will increase volatility in the […]
Genesis Global Capital (GGC), a bankrupt cryptocurrency lender, has filed two lawsuits against Digital Currency Group (DCG) and its affiliate DCG International Investments (DCIG) in the Southern District of New York Bankruptcy Court. The suits are seeking the repayment of overdue loans worth over $600 million in total. The complaint against DCGI states that GGC […]
Crypto exchange Binance has created an automated smart contract to reimburse users affected by the Xirtam rug pull. The exchange had previously frozen the suspected fraudulent funds in their account. Xirtam had raised around 1,909 Ether ($3.2 million) in user deposits in April through a series of funding rounds. However, project owners orchestrated a rug […]
SOMA Finance, a decentralized exchange for crypto and tokenized US equities, has announced the upcoming launch of the SOMA token, the first legally issued digital security open to US retail and global investors. SOMA tokens represent preferred stock in SOMA Finance, paying dividends of up to 10% of the company’s profits. The company was founded […]
