Grayscale Wants You to Convince the SEC to Approve Its Bitcoin Spot ETF

On July 6, the SEC will say whether it has approved Grayscale's application to turn its flagship Bitcoin Trust into a spot ETF.

Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins.” Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation application Stablegains facing potential legal action over its losses from the event.Users believe that Stablegain has allegedly lost up to $44 million worth of deposited funds, based on a post on a Terra forum by co-founder Kamil Ryszkowski asking for relief funding.

Over 3.4m Sweatcoin Crypto Wallets Created since Launch of SWEAT Token in April

Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the SWEAT crypto token was announced by the company last month.

SEC approves Valkyrie's Bitcoin futures ETF

Last month, the watchdog gave the thumbs-up to Teucrium's Bitcoin futures ETF, which is the first such vehicle to be approved under the '33 Act. The United States Securities and Exchange Commission has given the green light to Valkyrie's futures exchange-traded fund (EFT) application.

Dfinity Foundation files lawsuit against Meta over infinity logo

The court filing is based not on Meta’s logo using the infinity symbol itself, but rather registering a trademark for use in fields offering similar goods and services. Lawyers for Dfinity Foundation, a Switzerland-based nonprofit behind the Internet Computer blockchain, have filed a lawsuit against Facebook’s parent company Meta for trademark infringement over its infinity logo.In a Friday court filing with the United States District Court for the Northern District of California, Dfinity’s legal team claimed Meta Platforms was registering use of its logo, which also uses the mathematical symbol for the concept of infinity, “in some of the same or similar areas in which Dfinity has already obtained registration for its mark.” According to the blockchain firm, Meta filed an application with the US Patent and Trademark Office, or USPTO, in March 2022, while the same office granted Dfinity registration in October 2018.

OneFootball Raised $300 Million From Animoca Brands and Liberty City Ventures

The soccer application launched a venture called OneFootball Labs to enable teams, soccer federations, and players to release non-fungible tokens.

NFT traders STEPN to a new groove — Is move-to-earn the future of fitness or another fad?

The success of STEPN shows that the move-to-earn model is growing in popularity, but will it be a fading trend or the future of fitness? Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the NFT sneakers earn as they walk.

FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies. Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of US crypto regulation.

Berlin-based football app enters the metaverse following $300M fundraiser

The financing round was led by Liberty City Ventures, with participation from blockchain platforms and venture capital firms, including Animoca Brands and Dapper Labs. OneFootball, a German football media application, has raised $300 million in a Series D round to grow the company's presence on Web3 and develop new features on its platform.According to a Thursday announcement, OneFootball and nonfungible token (NFT)-centric Animoca Brands created a joint venture called OneFootball Labs.

ARK's Cathie Wood: 'Doesn't Make Sense' No Bitcoin Spot ETF Yet

ARK just had its latest Bitcoin spot ETF application denied by the SEC.

One Ethereum Competitor Is Primed for an Explosive Rally, According to Coin Bureau

A popular crypto analyst says the price of Ethereum challenger Near Protocol (NEAR) is ready to rally as on-chain metrics indicate a massive demand for the decentralized application platform.

Simplify Asset Management Files Application of the "MAXI" Bitcoin ETF

According to filings with the US Securities and Exchange Commission (SEC), a Registered Investment Adviser Simplify Asset Management filed the application for Simplify Bitcoin Strategy Risk-Managed Income ETF under the ticker symbol MAXI.

The many layers of crypto staking in the DeFi ecosystem

The term staking receives many meanings in crypto, each of them presents its own set of opportunities and challenges. Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network.PoS is one of the most popular mechanisms that allows blockchains to validate transactions and it has become a credible consensus mechanism alternative to the original proof-of-work (PoW) used by Bitcoin.Miners require a lot of computational power to carry out the energy-intensive PoW, while PoS requires staking coins as collateral to validate blocks and verify transactions, which is significantly more energy-efficient and presents less centralization risk.

US Air Force Files Trademark Application for Digital Metaverse 'SpaceVerse'

The US Air Force (USAF) files a trademark application for "SpaceVerse" with the US Patent and Trademark Office to expand military training into the metaverse.

Chicago Board Options Exchange Files Trademark for NFT & Crypto Services

The Chicago Board Options Exchange has filed for a trademark application for CBOE DIGITAL, NFT trademark, according to its attorney Michael Kondoudis's announcement through a tweet.

US Air Force files trademark application for 'SpaceVerse' initiative

SpaceVerse was defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities" as well as provides a simulated environment for training. The United States Air Force has filed a trademark application hinting at the military branch potentially expanding into the metaverse.According to a Thursday application submitted to the US Patent and Trademark Office, the Department of the Air Force trademarked the word "SpaceVerse," defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities and provides synthetic and simulated extended-reality (XR) training, testing and operations environments.” It’s unclear if the initiative is connected to the US Space Force, which according to its website is “organized under” the Air Force, but operates as a “separate and distinct branch of the armed services.”The United States Air Force has filed a trademark application for SPACEVERSE for a metaverse that 1⃣ converges terrestrial and space physical and digital realities 2⃣provides extended-reality training, testing, and operations environments#Metaverse #Web3 #USAF #Space pic.twitter.com/OVkcnKvX6M— Mike Kondoudis (@KondoudisLaw) April 19, 2022 The trademark application connected to activities in the metaverse followed several from a variety of firms including credit card companies Mastercard and American Express, footwear and apparel manufacturer Nike and the New York Stock Exchange.

Solana-based Crypto Wallet Phantom Now Available on Android

Just months after releasing a mobile application on iOS, Phantom has gone live on Android as well.

Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well.

KILT Launches New Application for Digital Identities

KILT is a decentralized blockchain identity protocol for issuing self-sovereign, anonymous and verifiable credentials.

Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits.

Fumb Games Mobile App Bitcoin Miner Integrates Real BTC Rewards via Zebedee

Four years ago, a mobile game application called “Bitcoin Miner” came out that simulates bitcoin mining but at the time, the game’s development team Fumb Games could not integrate bitcoin rewards.

Crypto wallet firm Ledger integrates tax solution to simplify reporting

The new tax integration aims to relieve crypto investors from manually calculating their tax bills. Major cryptocurrency hardware wallet provider Ledger is moving to help crypto investors keep track of their taxes by integrating a new crypto tax-related solution.Ledger has partnered with cryptocurrency tax software platform ZenLedger to integrate its crypto tax reporting solution into Ledger’s interface application Ledger Live, the firm announced to Cointelegraph on Thursday.The new tax feature is immediately available on Ledger Live, available in the discover section on the Ledger Live apps catalog.

Web3.0 Wallet Tracking App Context Raises $19.5m in Seed Funding

Web 3.0 application Context has secured a $19.5 million seed round led by Variant Fund and OpenAI CEO Sam Altman.

Stablecoin USDC Issuer Circle to Apply for US Crypto Banking License

Circle Internet Financial, the second-largest stablecoin USDC issuer, said it is now close to submitting an application to US regulators to operate as a bank.

Inside the blockchain developers’ mind: Building truly free-to-use DApps

Since free-to-use decentralized applications are possible, developers should have a path to acquire sources to support their DApp’s growth. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.In my previous article, I explained from first principles what was needed to build a truly free-to-use social decentralized application (DApp) and how Koinos is that solution.

Applied Blockchain Inc files for $60M IPO

The application awaits approval from the United States financial regulatory body, SEC UK-based blockchain infrastructure firm Applied Blockchain has filed an initial public offering (IPO) application on Apr.

UNBLOK Provides Incentive-Based App Blockchain Solutions

UNBLOK LLC provides consumers with a revolutionary solution through blockchain technology, allowing users to use the application on their mobile phones without the need to conduct traditional application market research and get rewards.

US SEC Approves Third Bitcoin Futures ETF Application from Teucrium

The United States Securities and Exchange Commission (SEC) has approved America’s third functional Bitcoin Exchange Traded Fund (ETF) product that tracks the futures price of the world’s largest crypto asset.

Litecoin Foundation and AntPool Formed a New Organization Focused on Dapps

By partnering with AntPool, the Litecoin Foundation has established LTC Tabs to get into the decentralized application industry.

BSCFomo: A hybrid ROI DApp project

Dapps or Decentralized Applications has become a buzzword in the crypto-world over the past 3 years.  For the uninitiated, the term dApp refers to a blockchain-based application that runs on a decentThe post BSCFomo: A hybrid ROI DApp project appeared first on AMBCrypto.