2021-12-06 17:30:02
WEEKLY NEWS REPORT
Here are some of the most important News of the week.
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers.
On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in Canadian and United States dollars, and are listed on the Toronto Stock Exchange. Fidelity's Bitcoin ETFs seek to track the performance of Bitcoin's (BTC) spot price. Fidelity currently manages CA$208 billion ($162.27 billion) in assets in the country.
Read more:
https://cointelegraph.com/news/fidelity-canada-officially-launches-bitcoin-etf-and-bitcoin-mutual-fund
Adidas enters the Metaverse with NFT partnerships
"It’s time to enter a world of limitless possibilities," said the staff behind the world-renowned sports clothing line.
On Thursday, Adidas announced it was entering the Metaverse in collaboration with Bored Ape Yacht Club, gmoney NFT, and PUNKS Comic. In an article posted on the Adidas mobile app, the developers behind the initiative said the following:
Read More
https://cointelegraph.com/news/adidas-enters-the-metaverse-with-nft-partnerships
Binance plans to become registered UK firm despite regulatory setbacks
The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months despite being ordered by the country’s regulator to cease trading in June.
Binance CEO Changpeng Zhao said the exchange is planning to expand to the United Kingdom in the next six to 18 months despite being instructed by the country’s regulator to cease trading earlier this year.
Read More
https://cointelegraph.com/news/binance-plans-to-become-registered-uk-firm-despite-regulatory-setbacks
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay.
Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum and Binance Smart Chain blockchains.
Read More
https://cointelegraph.com/news/bitmart-hacked-for-200m-following-ethereum-binance-smart-chain-exploit
Virtual land in the metaverse dominated NFT sales over past week
Based on NFT and metaverse sales over the past week, the demand for digital land outpaced all other items, art and collections.
Digital land is in high demand in what is already a highly lucrative market as the past week’s nonfungible token (NFT) and Metaverse sales figures revealed.
Read more
https://cointelegraph.com/news/virtual-land-in-the-metaverse-dominated-nft-sales-over-past-week
Thats it.
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