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Blockchain

‘Short Bitcoin’ ETP Available to Investors on Germany’s Second-Largest Exchange

A “short bitcoin” exchange-traded product (ETP), which inversely tracks the value of the top cryptocurrency by market cap, is now available to investors throughout Europe. Swiss crypto product provider 21Shares, formerly known as Amun, said Tuesday its new “SBTC” tracker product would be available to both institutional and retail investors on Boerse Stuttgart, the second-largest […]

Polkadot to Use Chainlink Oracles for Interoperability Network

Polkadot will be the first non-ethereum blockchain to integrate Chainlink. “Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network,” Polkadot announced Monday. Chainlink provides price feeds for blockchain applications typically involved in decentralized finance (DeFi). Among other things, Chainlink communicates prices between crypto […]

Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale

Derivatives exchange FTX is hosting a public sale for tokenized equity in the hopes it can attain a billion-dollar valuation. The Binance-backed platform, famed for creating the Shitcoin Index of low-market coins, announced Tuesday its FTX_Equity token sale would welcome investors willing to allocate a minimum $250,000 each. Each FTX_Equity token, valued at $2 each, […]

New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies

New Zealand’s tax authority is considering changes to its treatment of cryptocurrencies that would drop the current and controversial application of goods and services tax (GST). The current regime sees bitcoin (BTC) and other digital currencies as property, with normal rules applying. That means crypto is liable for 15 percent GST when changing hands within […]