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Crypto investment firm Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP ETF. This makes them the second issuer in just a week, following Bitwise, in their attempt to offer traditional investors exposure to Ripple (XRP). 
What Are Investment DAOs and How Do They Work?
In the late 19th century, the first investment clubs were founded in Texas, where small communities gathered to discuss and make joint investments. Over 100 years later, this collective investment model has evolved, now finding a new home on the blockchain. 
Microsoft partnered with G42 to open two artificial intelligence centers in Abu Dhabi, following a $1.5 billion investment made earlier this year. One of these centers will specialize in developing standards for the ethical and responsible use of AI technology across industries. 
Since early 2023, Saudi Arabia's Public Investment Fund (PIF) injected more than $750 million into Magic Leap, an augmented reality company. The investments were split into two tranches: $590 million at the start of 2023 and $160 million a year later as convertible debt. Is It Still Possible to Become a Crypto Millionaire in 2024
Spoiler alert: We don’t have any specific tips, price predictions or recommendations for you on how to get rich in crypto. This article discusses general market statistics and investment possibilities, trying to find out what the chances are of becoming a crypto millionaire in 2024. 
Canadian trader Christopher DeVocht has filed a lawsuit against RBC Dominion Securities and its financial advisors, demanding compensation for his $415 million loss (the peak value of his account). DeVocht claims the firm gave him poor investment advice and executed high-risk trades, which ultimately wiped out his entire portfolio. 
BlackRock’s Head of Digital Assets Robbie Mitchnick argues that Bitcoin is unfairly labeled as a high-risk asset. He believes the first cryptocurrency should be seen as a risk-free investment, suggesting that its reputation as a risk-on asset is a narrative pushed by certain voices in the crypto community. 
American investment bank Jefferies reports a downturn in mining profitability as BTC continues to trade below $60,000, while the hash rate keeps rising. Analysts indicate that in August 2024, daily mining revenues decreased by 11.8% compared to the previous month. 
Since the start of 2023, the Australian financial regulator (ASIC) has closed over 7,300 fraudulent investment websites and schemes, including 615 cryptocurrency projects. Fake investments continue to be a major issue, with Australians losing over $1.3 billion to such scams in the past year. VanEck: From John to Jan
Established in the last century, VanEck has transitioned from a modest family business into a global investment behemoth. Under Jan van Eck's leadership, it has adapted to the modern financial world's demands, positioning itself as a dominant force in the ETF market. Here's a closer look at the Van Eck family's legacy. 
According to the Conference of State Bank Supervisors, an investigation conducted by financial regulators across several U.S. states revealed that the cryptocurrency company Abra was offering trading and investment services without the requisite licenses.