Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement

Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets. By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to … Read more

Crypto.com secures EU license to launch crypto financial derivatives

Mobile-first crypto exchange and payment platform Crypto.com has secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area. According to a May 21 announcement, Crypto.com secured a Markets in Financial Instruments Directive (MiFID) licence. “We have already expanded our brand presence in Europe since receiving our MiCA licence and we … Read more

The IMF tells the US to reduce its budget deficit and deal with the ‘ever-increasing’ debt burden

A senior International Monetary Fund (IMF) official warned the United States of its ballooning fiscal deficit. According to the US Treasury fiscal data website, the country has accumulated a $36.8 trillion national debt, and the federal debt to GDP ratio currently stands at 122%.  Gita Gopinath, the IMF’s first deputy managing director, sent a statement … Read more

Many NFTs that pay creators over time are not securities: SEC’s Hester Peirce

United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce said many non-fungible tokens (NFTs), including those with mechanisms to pay creator royalties, likely fall outside the purview of federal securities laws. In a recent speech, Peirce said NFTs that allow artists to earn resale revenue do not automatically qualify as securities. Unlike stocks, NFTs … Read more

Theta Capital Management Raises Over $175 Million for Fund-of-Funds Targeting Early-Stage Crypto Startups

Crypto investment firm Theta Capital Management has successfully closed a raise of over $175 million for its fund-of-funds, Theta Blockchain Ventures IV, which aims to support institutional investors in early-stage blockchain startups, according to a report by Bloomberg. The fund will specifically target venture capitalists specializing in cryptocurrency, according to Ruud Smets, the company’s managing … Read more