Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020
The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered a positive 30-day return (30.8%) as of June 23. Three Arrows Capital Insolvency Factor The AUM of crypto investment products dropped to record lows in the month of June 2022, the...
US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO with $1.7 billion fraud involving bitcoin.” The regulator added: This...
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers between banks in the country. Coincoinx to Ease Crypto Payments in Venezuela While...
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another Crypto Firm Freezes Withdrawals, Voyager CEO Says ‘It Was a...
‘Tarantino Doesn’t Own the Copyright to Pulp Fiction Screenplay NFTs’
Last fall, movie director Quentin Tarantino announced that he would auction ‘Pulp Fiction’ NFTs to the public. These NFTs would unlock handwritten scripts and exclusive custom commentary from Tarantino, assets that many fans would like to get their hands on. NFTs are not without copyright issues, however, as Quentin Tarantino swiftly discovered. Movie studio Miramax, which owns most of the rights to the film, sees the plan as a...
