The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for tokenized financial products in an effort to promote innovation and protect consumers. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. The guidelines aim to establish clear principles for the sale
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Bernstein, a global asset management firm, has recently expressed optimism about the possibility of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. Analysts from Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum, the second-largest cryptocurrency in the world, has a decent chance of receiving an ETF approval from the
Wall Street Memes recently introduced a major new burn mechanism that has set fire to 5% of the $WSM supply. This move marks a significant shift in the token dynamics of $WSM, as developers moved from a 10% buyback of Net Gaming Revenue to a full burn mechanism for all NGR generated by their flagship
The renowned crypto analyst Michaël van de Poppe has stirred up excitement in the crypto community by predicting that Ethereum could potentially soar to $4,500. Van de Poppe believes that Ethereum is benefiting from Bitcoin’s upward momentum as investment capital starts to shift towards ETH. He refers to this period as a massive opportunity to
Ethereum has recently broken above the $2,900 level, indicating a bullish trend in the market. While Bitcoin has been moving sideways, Ethereum has surged nearly 4% in the last 24 hours, demonstrating its resilience and independent price action. This surge has propelled Ethereum to touch the $2,900 mark for the first time since May 2022,
In a monumental event that has reverberated throughout the blockchain and art communities, a full collection of 10 Autoglyphs was recently purchased for a remarkable 5,000 ETH. This acquisition, which translates to around $14.6 million in today’s market, stands as the most significant NFT sale in the last two years and the fifth-largest on-chain transaction
The Rabby Wallet, a crypto wallet developed by Debank, is a well-established platform known for its support of 141 chains and multiple signing modes. However, on the 16th of February, the company announced the launch of the beta version of its mobile app. Unfortunately, fans of Rabby Wallet were in for a rude awakening as
In a bold strategic maneuver leading up to the impending general elections, South Korea’s ruling party, the People Power Party (PPP), has made headlines with their announcement to advocate for a further two-year postponement in the enforcement of crypto taxation, as reported by local media on Feb. 19. During a press conference on Feb. 19,
The Bitcoin open interest has surged in recent weeks as the price continues to climb steadily. This increase in open interest reflects a growing interest in the cryptocurrency market, especially after the approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). The open interest for BTC has reached
The cryptocurrency market is experiencing a surge in interest, with Bitcoin holding steady above $52,000 and record weekly inflows into crypto investment products. While Bitcoin remains a popular choice for investors, attention is shifting towards Ether (ETH), the second largest cryptocurrency by market capitalization. Ether has seen a significant increase in value, up close to
