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New exchange traded fund taps booming appetite for NTFs

With approval for a conventional cryptocurrency ETF still nowhere in sight, at least one U.S. money manager is looking to tap one of the other hot trends on the blockchain. Defiance ETFs is launching the Defiance Digital Revolution ETF (ticker NFTZ) on Thursday, which will track a blockchain-related-companies and non-fungible-token index....

Crypto comeback: Bitcoin bounces back after brutal selloff

Bitcoin is staging a comeback along with other riskier assets on Monday, bouncing back from its Black-Friday lows. The largest digital asset rose as much as 3.4% during the session to trade around $58,266. Other coins also posted snap-backs, with the Bloomberg Galaxy Crypto Index adding 5.5% at one point. So-called...

Bitcoin retreats 20% from record, joining risk-asset sell-off

Bitcoin tumbled 20% from the record high it notched earlier this month as a potentially worrisome new variant of the coronavirus spurred traders to dump risk assets across the globe. The world’s largest cryptocurrency fell as much as 9% to $53,552 on Friday. Ether, the second-largest digital currency, dropped more than...

El Salvador to build first ‘Bitcoin City’ backed by BTC bonds

El Salvador plans to build the world’s first “Bitcoin City”, funded initially by Bitcoin-backed bonds, President Nayib Bukele says, doubling down on his bet to harness the cryptocurrency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of Bitcoin in El Salvador, Bukele said...

Hedge fund billionaire outbid crypto group for Constitution copy

A rare first printing of the United States Constitution sold at Sotheby’s New York Thursday night for $43.2m – the highest price ever fetched at auction for an historical document –  to a buyer who beat out a group of cryptocurrency enthusiasts who still claimed a victory for crowdfunding. A Sotheby’s...

IRS sees crypto seizures totalling billions of dollars in 2022

The Internal Revenue Service could seize cryptocurrency valued at billions of dollars that’s linked to tax fraud and other crimes in the coming year, according to a key agency official. The IRS seized $3.5 billion worth of cryptocurrencies during fiscal year 2021, a figure that accounted for 93% of all the...

Can NFTs help save rhinos from poachers?

Limpopo, South Africa – When Derek Lewitton bought a 3,000-hectare (7,413-acre) rhino reserve in South Africa’s Limpopo province four years ago, he promised the rangers at the sanctuary a bonus of a million South African rand ($64,600) if they could manage to go five years without a poaching incident. “We have...

Staples Center to be renamed Crypto.com Arena in $700m deal

Staples Center is getting a new name. Starting Christmas Day, it will be Crypto.com Arena. The downtown Los Angeles home of the NBA’s Lakers and Clippers, the NHL’s Kings and the WNBA’s Sparks will change its name after 22 years of operation, arena owner AEG announced on Tuesday night. A person with...

Bitcoin, Ether dip in broad retreat from recent record highs

Cryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs. The largest digital token whipsawed traders, dipping as much as 8.2% before cutting the decline by about half. The slide to $58,661 was the biggest...

Indonesia’s national religious council says crypto is forbidden

The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia’s council of religious leaders. The National Ulema Council, or MUI, has deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering and harm, Asrorun Niam Sholeh, head of religious decrees, said on Thursday...