Author: Tanishq Bodh
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Defiance ETFs Launches Leveraged Microstrategy ETF
Defiance ETFs has rolled out MSTX, the first-ever leveraged single-stock exchange-traded fund (ETF) centered on Microstrategy. This innovative product offers 175% long daily exposure, targeting investors who seek to capitalize on Microstrategy’s dynamic performance. Introducing the MSTX ETF The newly launched MSTX ETF by Defiance ETFs offers 175% long daily targeted exposure to Microstrategy, a…
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UEFA Champions League Welcomes Crypto.com as First Cryptocurrency Partner
UEFA has announced Crypto.com as the official sponsor of the UEFA Champions League for the 2024–27 commercial cycle, marking a historic partnership as the first cryptocurrency partner of the prestigious club football competition. Crypto.com to Sponsor UEFA Champions League In a groundbreaking move, UEFA has partnered with Crypto.com for the upcoming UEFA Champions League seasons,…
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MetaMask and Mastercard Unveil Crypto Debit Card in Europe
MetaMask has partnered with Mastercard and Baanx to introduce a new debit card, allowing users to spend their crypto assets directly from their self-custody wallets. This innovation, championed by ConsenSys, marks a significant step toward integrating digital currencies into everyday life. MetaMask and Mastercard Collaborate on Crypto Debit Card The new MetaMask Card empowers users…
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Aleph Zero Launches zkOS-Powered Ethereum Layer 2 Mainnet
Aleph Zero, a blockchain ecosystem focused on privacy and efficiency, has launched its new Ethereum-compatible layer-2 solution on its mainnet. This launch integrates Arbitrum Orbit technology and zkOS tools to revolutionize blockchain privacy and speed. Mainnet Features and Implications The Aleph Zero EVM L2, built in collaboration with rollup-as-a-service (RaaS) provider Gelato, uses Arbitrum Orbit…
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Binance to Delist 6 Altcoins: Action Required by August 26, 2024
Binance, one of the world’s largest crypto exchanges, has announced the delisting of six altcoins: Loom Network (LOOM), Reef (REEF), PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), and VGX Token (VGX). These tokens experienced sharp declines in value, dropping by double digits immediately following the announcement. Users Must Take Action Before Delisting Effective August 26, 2024,…
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Nigeria’s SEC Eyes Bitcoin Rules Amid Crypto Lawsuit
In a potential shift in the country’s stance on digital assets, the Nigeria Securities and Exchange Commission (SEC) has indicated a cautious willingness to regulate Bitcoin. This comes as a prominent Nigerian Bitcoin advocate files a lawsuit challenging the government’s restrictions on cryptocurrency. Nigeria SEC Considers Crypto Regulation Dr. Momotimi Agama, the SEC’s Director General,…
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WazirX to Revert User Accounts to Pre-Hack Balances After $230 Million Theft
Indian cryptocurrency exchange WazirX has announced plans to reset all user account balances to their state as of July 18, following a massive $230 million cyberattack. The Mumbai-based exchange paused trading after the incident. The attack, attributed to the North Korean Lazarus Group, compromised nearly half of WazirX’s reserves, marking India’s largest crypto heist. WazirX…
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FTX and Alameda to Repay $12.7 Billion to Creditors
FTX and Alameda have agreed to repay $12.7 billion to creditors, per a court consent order that ends a 20-month lawsuit filed by the Commodities Futures Trading Commission (CFTC). This development marks a significant milestone in the FTX bankruptcy saga, which has seen billions of dollars in investor funds evaporate since the company filed for…
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Nexera Loses Millions in Proxy Contract Breach: What Happened
Nexera, a blockchain infrastructure developer, experienced a significant hack on Wednesday, resulting in the loss of $1.5 million as exploiters commandeered a proxy contract and sold NXRA tokens. Exploit Details: Control and Chaos Blockchain security firm Cyvers reported suspicious transactions involving Nexera’s proxy contract. The exploiter managed to upgrade the proxy contract, effectively taking control…
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Morgan Stanley to Offer Bitcoin ETFs Through Financial Advisors
Morgan Stanley is set to become the first major Wall Street bank to allow its financial advisors to offer Bitcoin ETFs to certain eligible clients, starting next Wednesday. Expanding Bitcoin Access Starting next Wednesday, Morgan Stanley’s 15,000 financial advisors will be able to offer shares of two Bitcoin exchange-traded funds: BlackRock’s iShares Bitcoin Trust and…