DeFi News Official TheBitTimes.com

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts. According to the Nov. 8 post on X, the initiative will offer investors a diverse range of options for incorporating digital asset s into their trading portfolios, enhancing the accessibility and flexibility of cryptocurrency investments. No direct investments into spot BTC As outlined in the 21Shares website, a set of five products is slated to commence trading in the upcoming week, with these exchange-traded funds securing listings on the Chicago Board Options Exchange.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR ...

Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility. Crime in Web3 is shifting away from Bitcoin (BTC) to stablecoins while ponzi schemes remain prevalent, according to Elliptic’s former head of technical crypto advisory. Tara Annison shared the latest insights from the murky world of cryptocurrency-related crime during a presentation on the final day of EthCC in Paris, addressing a wide variety of ways in which digitals assets are either facilitating crime or being used to launder funds. According to Annison, Bitcoin is no longer the cryptocurrency of choice to carry out illicit activities or launder money. As the cryptocurrency industry has matured, the establishment of decentralized finance (DeFi) protocols, mixing services and stablecoins present new avenues for criminals to explore. Source: Tara Annison. Criminals have shifted towards using dollar-denominated asset s, like USD Coin (USDC), as their ea...

From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.  Real estate is an inevitable place to start. Tokenizing properties can open the door to fractional ownership, enabling individuals to purchase a small chunk of a building. The volatility of global markets has shown why diversification is crucial — but until now, the sheer cost of real estate has made it inaccessible for many. The benefits might not stop here, either. It can take up to six months to close a purchase on a home, all thanks to a process that is time-consuming, agonizing and surprisingly paper-based. Tokenization h...

Canada updated its guidance for investment funds investing in crypto.  The notice outlines Canada’s expectation for funds either directly or indirectly investing in crypto assets. As of April, 22 public crypto asset funds have less than 3 billion Canadian dollars in net assets according to Canada’s Securities Administrators. CSA does play favorites in the notice, stating that it believes bitcoin and ether markets “best support the operations of Public Crypto Asset Funds at this time without compromising investor protection.” Currently, bitcoin and ether are also “the only crypto assets accepted as investments for Public Crypto Asset Funds.” “In the future, greater institutional support and mainstream adoption of other crypto asset s may result in those crypto asset s becoming suitable investments for public ly distributed investment funds ,” CSA wrote. The notice also brings up the possibility of a regulated futures market, which would provide “support for the proper valuation ...