The state of Wyoming recognizes DAOs as legal organizations in the state, under the guise of limited liability corporations (LLCs). 3iQ will launch a Bitcoin ETF on the Nasdaq Dubai stock exchange this second quarter. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍The Decentralized Autonomous Organizations, known as DAO, They are now legal in the state of Wyoming, United States. The state governor, Mark gordon, signed the DAO LLC law which grants these decentralized organizations legal status as of June 1. DAOs will be recognized in Wyoming as limited liability corporations (LLCs), but must maintain their domicile within the state.
As explained in the law, DAOs can use a registered agent to represent their domicile in Wyoming. It is worth remembering that these organizations are formed on the blockchain of Ethereum through the Internet, so your community or participating members can be anywhere in the world.
📍3iQ will open the listing of its Bitcoin ETF on the Dubai Stock Exchange, with regulatory clearance for dual listing. The company expects to raise $200 million in proceeds when it launches trading on Dubai's Nasdaq.
3iQ's Bitcoin Fund QBTCu.TO on Nasdaq Dubai, is the first index fund of cryptocurrencies, in the Middle East. The shares will begin trading on the stock exchange from the second quarter. According to the report Frederick Pye, president and CEO of 3iQ, the company is in talks with other stock exchanges around the world, such as those in Singapore, Taiwan, Sweden and the United States to list its Bitcoin ETF, and trade the cryptocurrency 24 hours a day.
📍The Swiss stock exchange, Swiss SIX Exchange, will open the price of an ETP for Stellar (XLM) and an ETP for Cardano (ADA), starting April 26. The new financial products, called Stellar XLM ETP (AXLM) and Cardano ADA ETP (AADA), were created by the firm 21Shares to respond to the growing demand for exchange-traded cryptocurrency products.
📍The Morgan Stanley Bitcoin Fund has raised nearly $30 million and over 320 investors in just two weeks of trading. This shows the interest of investors in accessing financial products with cryptocurrencies, without having to worry about the custody of digital assets.
NFT and DeFi Markets
📍Doublejump.Tokyo, a Tokyo-based NFT token issuer announced their migration to the blockchain Flow, a scalable, high-performance network designed for the next generation of NFTs. The game developer is looking for an alternative to Ethereum to expand its NFT products, and Flow seems to be the best option.
Doublejump.Tokyo will run its own node on the Flow blockchain, and this will be the first node of this blockchain in Tokyo, Japan.
Miners
📍NYDIG announced the acquisition of Arctos Capital, a company that offers financing solutions to bitcoin holders, investors, and mining companies. As indicated by the releaseNYDIG's vision with this acquisition is to create new products and services, and offer new solutions for the promotion and development of institutional bitcoin miners, including equipment acquisition and financing, custody, execution, derivatives and hedging, and other customized solutions.
Cybersecurity
📍Phone House hackers make good on their threat and leak the data of more than 1 million customers and employees of this company. Phone House had suffered a security vulnerability, and the hackers had threatened to leak the data if the company refused to pay a ransom.
According to the report, the company was right in not paying the requested money, however, the hackers published files with personal data of 1.048.575 people. Among the data of customers and employees revealed are: ID, passports, emails, cell phone and landline numbers, dates of birth, nationality, physical addresses, postal codes, provinces, cities and the offices where they registered as customers of the company.
Rules and Regulations
📍The United States Marshals Service (USMS) signed a contract with BitGo, a cryptocurrency company that will offer crypto asset custodian services for the government organization, to store and safeguard the digital assets confiscated in its investigations.
📍NatWest, a UK-based commercial bank, has stated that it does not want to have any kind of business relationship with clients or companies that have to do with cryptocurrencies. According to reported According to a local outlet, the bank stated that cryptocurrencies are a high-risk asset, so it has no desire to deal with clients or companies “whose core business is supported by a cryptocurrency exchange, or who transact in cryptocurrencies as their core business.”
Ironically, the world's largest and oldest banks, such as BNY Mellon and Societe Generale, are including crypto assets among their products and services to broaden their horizons and capture the wave of investors who are increasingly showing interest in this new asset class.
📍Cathie Armour, commissioner of the Australian Securities and Investments CommissionAustralia’s financial regulator says the regulator wants to improve the performance of the country’s financial system, and that blockchain and DLT technology, along with cryptocurrency and digital asset products, are products that “can be used to improve the functioning of our financial system.”
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