ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.” Ethereum Hard Fork The Etc Group, a provider of institutional-grade digital asset-backed securities, has said it...
Russia’s Sberbank to Allow Users to Issue NFTs on Its Blockchain Platform
Recognizing existing demand for non-fungible tokens, or NFTs, one of the largest banks in Russia, Sberbank, now intends to allow users to issue them on its blockchain platform. The financial institution also plans to cooperate with art sites and galleries across the country. Sberbank to Give Clients Opportunity to Mint NFTs An option providing users with the chance to issue their own non-fungible tokens should appear on Sberbank’s...
Indian Finance Minister Urges IMF to Lead in Regulating Crypto — Georgieva Says IMF Ready to Work With India
India’s finance minister, Nirmala Sitharaman, has urged the International Monetary Fund (IMF) to take “a lead role” in regulating crypto assets. IMF Managing Director Kristalina Georgieva says the global organization stands ready to work with India on climate change, crypto regulation, and other global challenges of our times. India Wants IMF to Lead in Crypto Regulation Indian Finance Minister Nirmala Sitharaman met with Kristalina...
Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details. Coinberry Sues Users to Get Bitcoin Back Canadian cryptocurrency exchange Coinberry has reportedly sued...
Sui Developer Mysten Labs Raises $300 Million to Address Web3 Scalability
Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure and core, hiring in the Asia Pacific area for this task. Mysten Labs Reaches $2 Billion...
