Grayscale, a leading digital asset management firm, has launched a new closed-end fund focused on the XRP cryptocurrency. The announcement has resulted in an 8% jump in the price of XRP.

eToro, a global financial services company, has agreed to pay $1.5 million to settle charges from the U.S. Securities and Exchange Commission (SEC) that it operated unlawfully as a broker and clearing agency in connection with its crypto business.

As part of the settlement, eToro has agreed to limit the crypto assets available for trading on its platform to only include bitcoin, Bitcoin Cash, and ether. The company will be required to sell all of its other crypto holdings within the next 180 days.

Nirvana Labs, a web3 cloud services provider, has acquired Vektor, a company that specializes in multichain functionality, in a move to boost its capabilities in the decentralized space.

A recent survey conducted by Visa, Brevan Howard, and Castle Island Ventures has found that stablecoins are finding real-world applications, indicating growing mainstream adoption of cryptocurrency technologies.

Source: https://www.theblock.co/post/316119/etoro-settles-with-sec-for-1-5-million-and-agrees-to-significantly-pare-back-its-crypto-arm

The information provided in this article is for informational and educational purposes only, based on news and sources gathered from the internet. This content should not be considered as investment advice, financial guidance, or a suggestion to buy or sell any digital assets. Before making any financial decisions, we recommend consulting with a professional financial advisor and conducting your own research. The author and the blog are not responsible for any losses or damages that may arise from using this content.