The surge in popularity of spot Bitcoin exchange-traded funds (ETFs) has caught the attention of Hong Kong players who do not want to be left behind. Harvest Fund Management’s Hong Kong branch recently applied for a spot Bitcoin ETF, joining the preparations for the city’s first wave of such investment products. As Hong Kong regulators
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Taproot Wizards had been eagerly anticipated, but its debut sale of around 3,000 digital cats was marred by technical issues on Monday. The sale was scheduled to begin with a two-hour “whitelist” window at 17:00 UTC, but due to these issues, the sale had to be postponed until Tuesday. The overwhelming demand for the cats
Navigating the regulatory landscape can be a daunting task for cryptocurrency firms, especially those based in the European Union (EU). The European Securities and Markets Authority (ESMA) recently provided some guidance on the provision of crypto-asset services to non-EU customers, shedding light on the possibilities for EU-based firms. However, it is crucial for these firms
In the world of cryptocurrency, Solana meme coins have been capturing the attention of investors with their explosive moves and soaring gains. One such coin that has recently experienced a significant price pump is SPX token, which has surged an incredible +26,568%. However, as retracement takes hold, it becomes crucial to delve into SPX price
Crypto analyst and long-term investor Jelle has recently shed light on a peculiar historical pattern that suggests February could be a bullish month for Bitcoin. After a bearish January, this would come as a welcome relief for BTC investors who have experienced a lackluster start to the year. Jelle took to X (formerly Twitter) to
The United States Financial Industry Regulatory Authority (FINRA) has recently unveiled a troubling statistic – approximately 70% of retail communications regarding cryptocurrencies violate its rule on misleading claims. In a report, FINRA disclosed that these communications lacked the necessary information to accurately evaluate digital assets, specifically in terms of how they are issued, held, transferred,
Magic Eden has recently unveiled its highly anticipated multi-chain wallet, aiming to tackle the issues of fragmentation and complexity that exist within the handling of digital assets. With its official release date scheduled for January 29th, users are eagerly awaiting this groundbreaking wallet solution. In the NFT market, one of the main challenges is the
Bitcoin has had a tumultuous start to 2024, with various events shaping its trajectory. From the SEC’s approval of spot Bitcoin ETFs to a significant decline in price and selloffs from the Grayscale BTC Trust, the cryptocurrency market has been filled with activity. Amidst all this chaos, on-chain data has revealed an intriguing sentiment of
Blockchain security firm CertiK, known for its expertise in securing digital assets and decentralized technologies, is currently facing a significant rise in scams and fraudulent activities. These scammers are leveraging the reputation of CertiK to spread misinformation and defraud unsuspecting users. In a recent blog post, the company shed light on the various challenges it
Bitcoin, the flagship cryptocurrency, has recently experienced a surge in price, surpassing the $42,000 mark after trading below $40,000 for several days. This article aims to analyze and evaluate the various factors that have contributed to this market recovery. By examining recent revelations about the US economy, the expiration of monthly BTC options contracts on
The cryptocurrency industry is rapidly evolving, and regulators are faced with the challenge of keeping up with its growth. In a recent speech delivered by CFTC Chair Rostin Behnam, he expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation. This article delves into the key points made in his speech and
Ethereum (ETH) is currently facing the possibility of a massive sell-off worth $1 billion. This significant transaction is attributed to Celsius, a bankrupt crypto lender. As per reports from on-chain analyst Lookonchain, Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution
Manhattan federal prosecutors have announced the sentencing of Mark Scott, a former partner at the U.S. law firm Locke Lord, to 10 years in prison for his role in a fraudulent cryptocurrency scheme worth $400 million. On Thursday, the sentencing took place, and Scott was found guilty of conspiracy to commit money laundering and conspiracy
eTuktuk, a startup focused on eco-friendly transportation solutions, has made significant strides in its presale campaign. With a total of over $550,000 raised to date, eTuktuk’s native token, TUK, has garnered substantial interest from investors. What sets eTuktuk apart is its commitment to improving urban transportation sustainability by transitioning auto rickshaws in developing countries from