Category: Shorts

Digital Financial Assets (DFAs) Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat Russian businessmen want to use digital assets and a single digital currency to trade with BRICS members and other friendly nations. According to reports, the BRICS countries may launch their own digital fiat within the next five to ten years.…

PayPal: Layer-2 Blockchain Patent Applications In order to further develop its research into the cryptocurrency ecosystem, PayPal has filed several patents covering a range of topics from mining and distributed ledgers to peer-to-peer payment systems. The company has also released a stablecoin pegged to the Ethereum blockchain called the PYUSD stablecoin. In August, the company…

Filecoin (FIL) ICO On-chain investigator @BoringSleuth on X has raised questions about the origin of the blockchain project Filecoin and its initial coin offering. In a recent report shared on X, they discovered that several wallets that were sending Ethereum to the Filecoin ICO had very long decimal numbers. The report also linked popular figures…

Ethereum Futures ETF Valkyrie Investments The SEC approves the first Ethereum futures ETF. This could be a game-changing event. Valkyrie Investments is one of several issuers that offer crypto-related ETFs, building on its existing Bitcoin mining ETF. The firm plans to offer both Bitcoin and Ethereum futures trading on its exchange traded fund. The SEC…

Fortress Trust Inc. vs. Ripple Ripple pulls out of its acquisition of Fortress Trust, signaling a shift in its U.S. expansion strategy. In a surprising turn of events, Ripple CEO Brad Garlinghouse announces that the company will not proceed with the acquisition of the Nevada-licensed financial services provider. The decision comes just 20 days after…

Ethereum Strategy ETF (ETH Strategy ETF) VanEck prepares to launch an Ethereum strategy ETF on the CBOE. The fund, called the VanEck Ethereum Strategy ETF, will primarily invest in ETH futures contracts. It will be traded on commodity exchanges licensed with the Commodity Futures Trading Commission (CFTC) and will focus on ETH futures traded on…

IYK Founder Ryan Ouyang A16z Crypto adds IYK, a Web3 startup that provides tools to Adidas, to its portfolio. Its seed round was led by Web3 venture capital firm, with participation from other notable VCs, including Collab Currency, gmoney, Lattice Capital, and 1kx. Ouyang shares on his Twitter account that the company intends to expand…

Bitcoin Spot ETF Approval Date The SEC delays its decision on several proposals for spot Bitcoin exchange-traded funds once again. This isn’t the first time the SEC has pushed back decisions on Bitcoin ETFs. In August, the SEC estimated a 75% probability of a spot Bitcoin ETF approval by the end of 2023. optimism was…

CBDC-powered Gold Recycling Project China is using the digital yuan to recycle gold and pay land registry fees. According to a report by the fiance-focused media outlet JRJ, the People’s Bank of China has teamed up with the Shanghai Gold Exchange and Jinyafu to develop a gold recycling platform. Meanwhile, banks and real estate firms…

Hurricane Lee forecasters have been using AI to forecast hurricanes for 10 days. In early September, a wall of high pressure stands in front of a hurricane named Lee. Forecasters at the European Centre for Medium-Range Weather Forecasts, or ECMWF, are watching closely as they try to pin down its exact path. Typically, they would…