News

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF). According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3. The ETF will reference the CME CF Solana Dollar Reference Rate, created by CF Benchmarks and the Chicago Mercantile Exchange (CME). Speaking to exame, QR Asset manager and c...

Vice President Kamala Harris is now tied with former president Donald Trump at 49% among bettors looking to predict the next occupant of the White House on crypto prediction platform Polymarket. The wager is the single largest betting pool on the site, with over $541 million riding on the contest. The milestone comes the day after Harris announced Minnesota Gov. Tim Walz as her running mate—a development that confounded Polymarket users that had heavily favored Pennsylvania Gov. Josh Shapiro. K...

Global asset manager Franklin Templeton’s blockchain-based money market fund has launched within the Arbitrum ecosystem, as real-world asset (RWA) tokenized funds gain traction among investors. Arbitrum is a popular scaling solution for Ethereum. Franklin Templeton’s Nasdaq-listed OnChain U.S. Government Money Fund, FOBXX, became accessible in digital wallets on the Arbitrum network on Thursday, the firm said in a statement. FOBXX’s launch on Arbitrum is part of its issuer’s efforts to widen acc...

Russian President Vladimir Putin has signed a law allowing cryptocurrency mining in the country, state-owned media has reported, as lawmakers brainstorm how to skirt sanctions in the pariah state.  The law establishes regulations for the previously outlawed crypto mining industry in the country, limiting the activity to legal entities and individuals who register with the Ministry of Digital Development. Entities and entrepreneurs who do not register will be allowed to mine only if they do not e...

Have you ever wanted a digital twin? Or dreaded having to re-record a series of videos? Like a sci-fi storyline, London-based synthetic media generation developer Synthesia has launched a service that gives customers the ability to create digital video representations of themselves that they can use on social media and in marketing campaigns. Synthesia first announced the launch of its Personal Avatars during a livestream on Wednesday. These avatars, Synthesia claims, can be generated using as l...

Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.

Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.

The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.

(Bloomberg) -- Even with recent market gyrations, the chill of crypto winter is becoming a distant memory for traders of digital tokens. The launch of spot Bitcoin exchange-traded funds in January and ringing endorsements from Republican presidential candidate Donald Trump have helped them bounce back from the rout sparked by the collapse of FTX.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 C

Bitcoin’s volatility intrigues investors amid global market fluctuations and rising geopolitical tensions.