Paul Ecke Ranch

Blockchain Recovery Investment Consortium (BRIC) Appointed Complex Asset Recovery Manager and Litigation Administrator in Celsius Network Bankruptcy

Retrieved on: 
Wednesday, February 7, 2024

GXD Labs and VanEck today announced that the companies have been appointed Complex Asset Recovery Manager and Litigation Administrator by the Debtors and Unsecured Creditors’ Committee in the Celsius Networks LLC bankruptcy.

Key Points: 
  • GXD Labs and VanEck today announced that the companies have been appointed Complex Asset Recovery Manager and Litigation Administrator by the Debtors and Unsecured Creditors’ Committee in the Celsius Networks LLC bankruptcy.
  • The appointment comes as Celsius exits bankruptcy protection, for which it filed in July 2022.
  • The companies will manage illiquid assets for the Celsius bankruptcy estate, working through the estate’s wind-down for the next three-plus years.
  • The companies are managing the assets through a joint venture, the Blockchain Recovery Investment Consortium (BRIC), which was created in early 2023 to maximize recoveries in complex digital asset bankruptcies like Celsius.

DeFi Technologies Inc. Completes Strategic Acquisition of Private Research Firm, Reflexivity Research LLC, Co-Founded by Anthony Pompliano and Will Clemente

Retrieved on: 
Wednesday, February 7, 2024

Acquisition Completed: DeFi Technologies Inc. has successfully acquired Reflexivity Research LLC, a private research firm known for its high-quality, crypto-native research and significant client base including major cryptocurrency organizations.

Key Points: 
  • Acquisition Completed: DeFi Technologies Inc. has successfully acquired Reflexivity Research LLC, a private research firm known for its high-quality, crypto-native research and significant client base including major cryptocurrency organizations.
  • Transaction Details: The acquisition involved DeFi Technologies acquiring all issued and outstanding securities of Reflexivity Research for 5 million common shares, subject to a 12-month lock-up schedule.
  • Reflexivity , co-founded by Anthony Pompliano and Will Clemente, offers high-quality crypto-native research designed for traditional finance investors.
  • In connection with the Acquisition, DeFi Technologies acquired all issued and outstanding securities of Reflexivity Research for 5 million common shares of DeFi Technologies (the "Payment Shares").

Strategic Investment by MarketVector™ Indexes in CCData Marks a New Era in Digital Asset Indexing

Retrieved on: 
Monday, January 22, 2024

This investment highlights MarketVector's commitment to advancing innovative digital asset indexing solutions by partnering with key players in the digital asset ecosystem.

Key Points: 
  • This investment highlights MarketVector's commitment to advancing innovative digital asset indexing solutions by partnering with key players in the digital asset ecosystem.
  • In 2017, MarketVector joined forces with CCData to introduce a groundbreaking family of digital asset indexes.
  • Leveraging CCData's market-leading data solutions and trusted exchange benchmark methodology, the collaboration marked a significant leap in providing accurate and reliable digital asset benchmarks.
  • “With influential institutions actively entering the digital asset sector, the demand for robust data and indexing solutions that mirror the gold standard of traditional finance is paramount.

VanEck Announces Changes to ETF Product Line

Retrieved on: 
Wednesday, January 17, 2024

As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others.

Key Points: 
  • As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others.
  • The decision was made to liquidate the Fund based on an analysis of these factors and other operational considerations.
  • The Fund’s shares will no longer trade on the listing exchange after market close on January 30, 2024, and the shares will subsequently be de-listed.
  • Proceeds from the liquidation are currently scheduled to be sent to shareholders on or about February 6, 2024.

HIMALAYA TECHNOLOGIES APPLAUDS MILETONE SEC DECISION APPROVING SPOT BITCOIN ETF’S; PREPARES EVEREST TOKEN FOR THE FUTURE

Retrieved on: 
Thursday, January 11, 2024

Pittsburgh, PA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA) applauds yesterday’s landmark decision by the SEC and its Chairman Gary Gensler to approve trading of SPOT bitcoin exchange traded funds (“ETF’s”).

Key Points: 
  • Pittsburgh, PA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA) applauds yesterday’s landmark decision by the SEC and its Chairman Gary Gensler to approve trading of SPOT bitcoin exchange traded funds (“ETF’s”).
  • On Wednesday, the SEC approved the first U.S.-listed ETF’s to track bitcoin in a milestone event for the world’s largest cryptocurrency and the broader crypto industry.
  • These approvals include applications from Financial Titans such as BlackRock, Ark Investments/21Shares, Fidelity, Invesco, VanEck, and several others.
  • The SEC decision approving bitcoin ETF’s is a significant positive for the institutionalization of bitcoin as an asset class.

MarketVector Indexes Licenses its flagship Bitcoin Benchmark Rate to VanEck for HODL, the pioneering Spot Bitcoin ETF

Retrieved on: 
Thursday, January 11, 2024

MarketVector IndexesTM (“MarketVector”) announces the licensing of the MarketVector™ Bitcoin Benchmark Rate (BBR ) to VanEck.

Key Points: 
  • MarketVector IndexesTM (“MarketVector”) announces the licensing of the MarketVector™ Bitcoin Benchmark Rate (BBR ) to VanEck.
  • The firm today launched the VanEck Bitcoin Trust (CBOEBZX Ticker: HODL), a first-of-its-kind ETF that provides exposure to spot Bitcoin.
  • “We are honored to partner with VanEck to support the launch of their innovative and pioneering Spot Bitcoin ETF, HODL,” said Steven Schoenfeld, CEO of MarketVector.
  • “Benchmarked to the MarketVectorTM Bitcoin Benchmark Rate, we are confident that investors will gain efficient exposure to Bitcoin.

Raj Chowdhury Says Bitcoin ETF Approval Sparks Investor Confidence for a 2024 Crypto Surge!

Retrieved on: 
Thursday, January 11, 2024

PALO ALTO, Calif., Jan. 11, 2024 /PRNewswire-PRWeb/ -- The unprecedented price rise is generating quite a buzz among crypto enthusiasts and market experts. PayBito's CEO, Raj Chowdhury, is optimistic that the recent surge in Bitcoin's price is boosting its public credibility.

Key Points: 
  • "Bitcoin is back, and we are all happy with the positive outlook of the crypto industry in 2024.
  • With the SEC's approval of Bitcoin, we can only expect a surge in the confidence of investors towards cryptocurrency.
  • The major factors that are driving the rise of Bitcoin price are as follows:
    Crypto investors are optimistic there with SEC's bitcoin ETF approval.
  • Bitcoin maximalist and PayBito CEO Raj Chowdhury states "Bitcoin is back, and we are all happy with the positive outlook of the crypto industry in 2024.

VanEck: Bitcoin is a “Screaming Buy” for 2024; Firm’s DAPP ETF Passes $100mm in AUM as Global Assets in VanEck Crypto-Linked Funds Approach $1 Billion

Retrieved on: 
Thursday, December 28, 2023

Globally, assets in VanEck’s crypto-linked funds are fast approaching $1 billion and just yesterday (December 27) the firm’s VanEck Digital Transformation ETF (DAPP) surpassed $100 million in AUM.

Key Points: 
  • Globally, assets in VanEck’s crypto-linked funds are fast approaching $1 billion and just yesterday (December 27) the firm’s VanEck Digital Transformation ETF (DAPP) surpassed $100 million in AUM.
  • DAPP’s 2023 performance, which as of December 28 was at more than +300% year-to-date , has been driven by Coinbase and Bitcoin miners.
  • “Meanwhile, Coinbase, a large DAPP constituent, stands out for its market share gains, which we think are sustainable,” continued Sigel.
  • The firm’s lineup also includes the VanEck Bitcoin Strategy ETF (XBTF) which, like EFUT, is also structured as a C-Corp. XBTF does not invest in BTC or other digital assets directly.

Immutable Passport Debuts, Providing Seamless Sign-On for Over 500,000 Gamers Across Five Leading web3 Games

Retrieved on: 
Tuesday, December 19, 2023

SYDNEY, Dec. 19, 2023 /PRNewswire/ -- Immutable, a global leader in gaming, today announces the official launch of Immutable Passport inside games and marketplaces, massively simplifying the sign-up process for players by providing them with a universal profile that enables them to carry their identity, achievements, and digital assets across different online games and marketplaces.

Key Points: 
  • Immutable Passport eliminates the complexity of sign-up and onboarding that's long been a feature of online gaming.
  • Immutable Passport streamlines onboarding for gamers through passwordless sign-on and automated wallet creation.
  • Immutable ‍Passport offers a non-custodial solution that never holds the user's private keys nor is involved in signing transactions.
  • To celebrate the debut of Immutable Passport, Gods Unchained players who use Passport will receive a free NFT (in-game cosmetic item) airdrop, available until Dec 31st.

VanEck Announces Year-End Distributions for VanEck Equity ETFs

Retrieved on: 
Saturday, December 16, 2023

Passive Foreign Investment Company (PFIC) Income: Several VanEck ETFs may make investments in non-U.S. corporations classified as “passive foreign investment companies”.

Key Points: 
  • Passive Foreign Investment Company (PFIC) Income: Several VanEck ETFs may make investments in non-U.S. corporations classified as “passive foreign investment companies”.
  • Please refer to your VanEck ETF’s Statement of Additional Information (SAI) for further information on PFICs.
  • Shareholders or potential shareholders of the VanEck ETFs should obtain their own independent tax advice based on their particular circumstances.
  • If you have any questions concerning this information or the VanEck ETFs in general, please call 800.826.2333 between 9:00 am and 5:30 pm ET, Monday through Friday.