The Rise and Fall of NFTZ: What Happened to the World’s First NFT ETF?

First Exchange-Traded NFT Fund Shuts Down

The world’s first exchange-traded fund (ETF) for NFTs, NFTZ, is shutting down. Defiance ETFs, the company behind NFTZ, recently announced its decision to “close and liquidate” the fund by February 28th. This news has come as a surprise to many, especially since NFTZ had a highly anticipated launch back in December 2021. NFTZ was a … Read more

St. Martin Proposes TRON as National Blockchain Infrastructure and Legal Tender

St. Martin Proposes TRON as National Blockchain Infrastructure and Legal Tender

In a recent development, the government of the Eastern Caribbean island of St. Martin has proposed a law that would designate TRON as the country’s blockchain infrastructure and TRON-based cryptocurrency as legal tender for everyday usage. Member of Parliament (MP) Rolando Brison, who has been a vocal advocate for the integration of blockchain technology and … Read more

Cryptocurrency Experts Weigh in on Bitcoin’s Future: Will the Price Halve Before Retesting Highs in 2023?

Bitcoin extends rally

The world of cryptocurrency started off the new year with an impressive month-long rally. Bitcoin, the top crypto, is trading near four-month highs after jumping above $22,300 on Friday. This marks a significant milestone for the digital currency, as it has surpassed its level prior to the collapse of the FTX exchange in November. In … Read more

Decoding the Cryptocurrency Craze: Risks and Rewards

Decoding the Cryptocurrency Craze: Risks and Rewards

The world of finance is constantly evolving and one of the most exciting developments in recent years has been the rise of cryptocurrency. From Bitcoin to Ethereum and beyond, these digital currencies have captured the attention of investors and enthusiasts alike. But what exactly is cryptocurrency and what are the opportunities and challenges that it … Read more

“Dr. Doom” Roubini Ramps Up Criticism of Cryptocurrency Industry and FTX Founder, Calls for Jail Time for “Crooks”

Is 90% of all crypto a scam?

Nouriel Roubini, also known as “Dr. Doom” for his dire perspectives on global trends, has once again spoken out against the cryptocurrency industry. At the World Economic Forum in Davos, Switzerland, Roubini stated that “Literally 90% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust.” Roubini specifically … Read more

Bitcoin’s Impressive Start to the New Year: A Closer Look at the Market Movements and Uncertainties Ahead.

Why bitcoin is in danger of testing its 2022 low as cryptos slide

Bitcoin has had an impressive start to the new year, climbing more than 26% and surprising those who expected riskier investments to face more challenges following sharp selloffs in 2022. This is the best opening month performance for the token since a 31% rally in 2020, before the pandemic hit. This surge has helped to … Read more

Robinhood’s Crypto Unit Fined $30 Million by New York’s Top Financial Regulator

Robinhood crypto unit fined 30 million

The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations Robinhood first publicly disclosed the investigation and settlement with the NYDFS a year ago in the paperwork filed with the Securities and Exchange Commission. The New York State Department of Financial Services imposed a $30 million fine on the … Read more