First Exchange Traded NFT Fund Shuts Down

NFTZ, widely touted as the world’s first exchange-traded fund for NFTs, is shutting down.  Defiance ETFs announced that it will “close and liquidate” NFTZ, its Defiance Digital Revolution ETF, by February 28. When it kicked off trading in December 2021, Defiance ETFs co-founder and Chief Investment Officer Sylvia Jablonski said NFTs “could be bigger than the…

A Look at Cardano’s Overcollaterized Stablecoin Djed

Stablecoins have been one of the most controversial areas of the cryptocurrency industry. But this has not deterred industry leaders to bring about new pegged tokens built on a secure foundation. The much-awaited Djed – which happens to be Cardano’s native overcollateralized stablecoin – is set to launch this week. Developed jointly by the layer…

Key takeaways from Circle’s $44.5B USDC reserve report

USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation. Circle’s December 2022 reserve report, which was reviewed by GrantThornton accountancy group, breaks down the current make-up of the stablecoin issuer’s reserve vault. According to Circle, 44,553,543,212 USDC is…

Litecoin Displays Consolidation, Expect A Reversal Soon?

The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50% appreciation in January this year. Currently, however, the altcoin has witnessed a price pullback and is consolidating on its daily chart. Over the last 24 hours, the Litecoin price moved down by 0.3%, which signified…

Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins. According to the market intelligence firm, Bitcoin (BTC) alternative Litecoin is experiencing a resurgence of whale activity that could result in another price explosion of more than 30%, which is what happened…

FBI Announces Takedown of Hive Ransomware Network

The FBI announced the takedown of Hive, a ransomware network with members across multiple states in Europe and North America, in a recent press release. The US agency stated that they had been on the case since at least 2021. Hackers Hacked Despite the efforts of the FBI, the network was tough to crack. However,…