Crypto fund issuer Valour has introduced the first exchange-traded product (ETP) for Dogecoin DOGE$0.3878, the well-known memecoin, according to a November 26 announcement from Valour’s parent company, DeFi Technologies.
Here are the latest updates from the crypto world.
Crypto fund issuer Valour has introduced the first exchange-traded product (ETP) for Dogecoin DOGE$0.3878, the well-known memecoin, according to a November 26 announcement from Valour’s parent company, DeFi Technologies.
The ETP will be available on Sweden’s Spotlight Stock Market, allowing both retail and institutional investors to invest in the world’s largest memecoin by market capitalization within a regulated fund structure, Valour stated.
The asset manager launched Valour DOGE ETP due to the recent U.S. presidential election results and the subsequent increase in demand for Dogecoin, supported by influential figures such as Elon Musk, Johanna Belitz, Valour’s head of Nordics, mentioned in a statement.
Kraken, a cryptocurrency exchange, is closing its non-fungible token (NFT) marketplace slightly over a year after its inception. An email sent to clients and viewed by Cointelegraph revealed that the NFT marketplace will enter a withdrawal-only phase on November 27, followed by a three-month period for withdrawals before it shuts down completely.
Kraken stated that this decision will allow them to allocate resources to new products and services. A Kraken spokesperson confirmed the closure, stating, 'We have decided to close our NFT marketplace to focus more resources on new products and services, including some unannounced initiatives in development.
Clients have been informed of the changes, and our team will assist them in transferring their NFTs to their Kraken Wallet or a self-custodial wallet of their choice.' The exchange officially launched the marketplace in June 2023 after several months of beta testing, initially offering over 250 NFT collections without charging gas fees for transactions.
LimeWire, once a prominent peer-to-peer file-sharing platform in the early 2000s, has made a comeback with a decentralized file-sharing feature utilizing BNB Greenfield.
In a press release to Cointelegraph, LimeWire unveiled a new file-sharing product that enables users to globally send and receive encrypted files.
LimeWire emphasized that file sharing has always been central to its identity and reintroducing it on their platform merges their original concept with modern advancements.
BNB Greenfield, developed by BNB Chain, is a decentralized storage infrastructure designed to mimic traditional cloud storage systems while incorporating Web3 technology for improved ownership and integration with decentralized applications (DApps) and services.