In simple terms, the Hong Kong Securities and Futures Commission (SFC) has given its blessing for the launch of Bitcoin and Ethereum spot exchange-traded funds (ETFs). This is an important development for the cryptocurrency industry in the region. Although the approval brings enthusiasm, Eric Balchunas from Bloomberg, as a senior ETF analyst, expressed a more … Read more
Today, the prices of the leading cryptocurrencies took a step back. Bitcoin (BTC) dipped below $63,000, while Ethereum (ETH) approached the $3,000 threshold. On the other hand, major altcoins like Cardano (ADA), Solana (SOL), and XRP suffered significant declines. Major Crypto Prices Today The cost of Bitcoin decreased by 3.95 percent and stood at $62,375.46 … Read more
Tornado.cash, a crypto mixing service, is currently engaged in a challenging legal dispute due to accusations of money laundering. More recently, Paul Grewal, the top legal executive at Coinbase, has spoken out in defense of Tornado.cash and the importance of preserving privacy rights for Americans. Coinbase CLO Backs Tornado Cash In a recent legal move, … Read more
The Nigerian government has located the executive who escaped from their custody in late March during the ongoing controversy with Binance in Kenya. Based on community news, officials are initiating the extradition procedure and questioning the guards who were keeping the executive in detention. Binance Exec’s Extradition “In Full Swing” Based on a report in … Read more
With the upcoming Bitcoin Halving, a fresh digital commodity protocol called Runes Protocol is gearing up to enter the cryptocurrency scene. Created by Casey Rodarmor, the innovator behind Ordinal Theory, this newcomer promises to bring about a novel fungible token standard specifically for Bitcoin, sparking excitement in the crypto community. A study conducted by Delphi … Read more
On April 15, Hong Kong made a major move toward establishing itself as a crypto hub by giving the green light to the first Bitcoin and Ethereum exchange-traded funds (ETFs). Nevertheless, ETF expert Eric Balchunas has dampened the widespread enthusiasm within the cryptocurrency world. Spot Bitcoin ETF Is Live In Hong Kong When speaking with … Read more
The UK is ready to pass new laws regulating crypto assets such as stablecoins and activities like staking, trading, and safekeeping. In simple terms, new rules regarding digital assets like cryptocurrency exchanges and wallets for storing customer funds, which are projected to take effect between June and July 2024, represent a pivotal moment as they … Read more
Cardano’s price has fallen significantly to around $0.4, causing a decrease of more than 20%. However, the trendline indicates that there could be an upward shift, approaching the moving average of $0.5 (200 EMA). This potential rally might test the downward trend with minimal volatility and subdued trading activity. The price of Cardano has been … Read more
In the first quarter of 2024, Goldman Sachs, a leading financial institution, announced impressive results that surpassed expectations. However, what truly stood out was their dedication to making strides in artificial intelligence (AI). This commitment is noteworthy as many tech companies, banks, and various industries are actively focusing on AI advancements. Goldman Sachs Reports Positive … Read more
According to on-chain information, Dogecoin‘s large investors, or “whales,” have recently carried out significant transactions. Let me share with you the destinations of these substantial transfers. Dogecoin Network Has Witnessed Some Large Moves Recently Based on information from Whale Alert’s cryptocurrency transaction monitoring system, significant DOGE transfers have been detected on the blockchain over the … Read more