Crypto News
Another Solana ETF Approved in Brazil—What About the US?
Efforts to secure regulatory approval for spot Solana ETFs have apparently stagnated in the U.S., but asset manager VanEck says its planned fund is “still in play.”Source link
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is SetSource link
OpenAI and Condé Nast Ink Multi-Year Deal to Serve News Through AI
Condé Nast’s CEO says the deal with allow them to recover losses in revenue and protect and invest in journalism.Source link
Nigeria’s SEC Denies Issuing Provisional Crypto Licenses
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandateSource link
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings.Source link