The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong has raised hopes for the growth of the local ETF market. However, Bloomberg ETF analyst Eric Balchunas has expressed concerns about the market’s performance compared to the United States. Balchunas predicts that the Hong Kong ETF market may not attract as
Crypto
Binance executive Nadeem Anjarwalla is currently facing extradition from Kenya after escaping custody in Nigeria. The Nigerian government is working in collaboration with Interpol and Kenyan authorities to bring Anjarwalla back to face charges related to the alleged manipulation of the Naira and the facilitation of illicit funds transactions through Binance. Anjarwalla managed to escape
Bitcoin analyst Willy Woo has expressed optimistic price projections for Bitcoin (BTC) in the future. According to his calculations, BTC could reach $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle with the full deployment of cryptocurrency exchange-traded funds (ETFs). Woo highlighted that asset management firms like
In response to the rising number of cryptocurrency-related crimes in Hong Kong, Bitrace has taken proactive measures to address the issue. The data analysis company recently conducted training sessions focusing on on-chain fund tracking for members of the Hong Kong Police Force. This initiative is part of Bitrace’s Corporate Social Responsibility efforts aimed at enhancing
In the year 2023, despite an overall decline in venture capital activity, Bitcoin startups saw a massive increase in funding. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360%, with the number of funded Bitcoin companies rising by an impressive 56.9%. The report defines a “Bitcoin
Ripple’s XRP recently experienced a significant drop of 20% following a broader market downturn. However, some analysts view this as a potential buying opportunity rather than a cause for concern. Despite the negative trend, there are optimistic predictions indicating a bullish outlook for the asset. One analyst, going by the name EGRAG CRYPTO, believes that
Bitcoin Layer 2 solutions have been a topic of discussion in the cryptocurrency community, with both supporters and critics weighing in on their efficacy. One of the most vocal critics of these solutions is Mempool founder Mononaut, who has raised several technical concerns. Mononaut’s stance has found backing from Bitcoin Ordinals founder Casey Rodarmor, adding
Over the weekend, the cryptocurrency market experienced a significant downturn, with Bitcoin leading the way by dropping five thousand dollars to a multi-week low of around $61,000. This downward spiral was further compounded by the altcoins, which saw even larger double-digit declines. The main trigger for this crash was the escalating tension between Iran and
Recently, the EigenLayer team made a groundbreaking announcement regarding the launch of EigenDA, their pioneering Available Validator Service, on the Ethereum mainnet. This move has seen an impressive 4.1 million ETH being restaked on EigenLayer, signifying a strong vote of confidence from the Ethereum community. Notably, 70% of all new Ethereum validators have chosen to
Over the past few weekends, the cryptocurrency market has remained relatively stable. However, recent events have caused a significant downturn in the prices of Bitcoin and altcoins. Factors such as announcements from the US Federal Reserve and reports of escalating tensions between Israel and Iran have contributed to this sudden drop in value. Bitcoin’s price
