Author: Cherian Varghese

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ProShares to launch ETF aimed at shorting Bitcoin ProShares has announced plans to launch an exchange-traded fund (ETF) aimed at shorting Bitcoin. The ProShares Short Bitcoin Strategy ETF will allow investors to potentially profit from a decline in the price of Bitcoin or hedge their crypto exposure. In October 2021, ProShares launched its Bitcoin Strategy […]
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Do Kwon and Terra Labs slapped with class-action suit An Illinois resident sued Terraform Labs, its founder Do Kwon, and several venture capitalist (VC) firms that make up the Luna Foundation Guard (LFG). The lawsuit claims that the defendants violated federal securities laws and misled investors. LUNA and TerraUSD (UST) collapsed last month after the […]
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Here are some of the major updates that could move the markets tomorrow: Coal India exploring green mining technologies Coal India Ltd is exploring the deployment of green mining technologies in its mines to minimise adverse environmental impact. The company aims to ramp up its underground (UG) production four-fold to 100 million tonnes (MTs) by […]
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Panama’s President vetoes crypto bill Panama’s President Laurentino Cortizo has partially vetoed a ‘crypto bill’, saying it requires more work to better fit the country’s financial regulations. Cortizo had previously warned that he would not sign the bill unless it included additional Anti-Money Laundering rules. If passed, the new law would allow Panamanians to buy […]
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Blockchain security firm Forta launches native token Blockchain security firm Forta introduced a native token, FORT, to provide an incentive to secure the network. Forta was born from blockchain security startup OpenZeppelin late last year. It takes a decentralized approach to security by working with researchers who deploy bots to patrol various corners of the […]

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