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Nexo plans to acquire troubled crypto lender Vauld UK-based Nexo has signed an indicative term sheet with the troubled Singapore-based crypto lender Vauld. Under the agreement, Nexo has a 60-day exploratory period within which the company will conduct a due diligence process related to the intended acquisition. Nexo intends to acquire up to 100% of […]
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EU finalises crypto anti-money laundering rules The European Union (EU) has finalised a deal regarding anti-money laundering rules that would apply to crypto transactions. The new rules aim to prevent money laundering and terrorist financing. Crypto-assets service providers will now have to collect and store information to identify people involved in crypto transactions. However, the […]
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HTC’s metaverse phone to include crypto, NFT wallet Smartphone manufacturer HTC has launched its first “Viverse” phone that is compatible with its metaverse platform. The HTC Desire 22 Pro comes preloaded with apps that allow users to access and manage their metaverse content, including crypto and NFTs. HTC’s Viverse app also lets users buy NFTs […]
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CoinDCX extends withdrawal restrictions Crypto exchange CoinDCX has extended the withdrawal restrictions that have been in place since May 13 until further notice. The company said these extreme steps are necessary to implement enhanced compliance and risk frameworks. The recent liquidity crises at several institutions (including Celsius Network), which paused crypto withdrawals and transfers, have stirred […]
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Coinbase to launch ‘Nano’ Bitcoin Futures via derivatives exchange Coinbase Derivatives Exchange (formerly known as FairX) is launching its first crypto derivatives product this month. The CFTC-regulated futures exchange will launch its Nano Bitcoin Futures (BIT) on June 27. Coinbase is also awaiting regulatory approval on its own futures commission merchant (FCM) license to offer […]
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Shopify adds NFT-gated option for online retailers Shopify is launching non-fungible token (NFT)-gated storefronts as a new feature for brands looking to make their stores more exclusive. Token holders can connect a crypto wallet to unlock exclusive shopping experiences, from early access to drops and limited collections to one-of-a-kind experiences. Shopify is a Canadian multinational e-commerce […]
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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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