The demand for cryptocurrencies, particularly Bitcoin, is rapidly increasing, with notable interest coming from family offices. Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), shed light on this trend during a recent CNBC interview. While family offices eagerly diversify their portfolios with cryptocurrencies, institutional investors exercise caution, awaiting regulatory clarity. This article
The recent surge in applications for spot Bitcoin exchange-traded funds (ETFs) by major asset managers like BlackRock and Fidelity reflects the increasing interest in these investment vehicles. The U.S. Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, discussed the growing trend in a conversation with CNBC on October 23. In this article, we will delve
Recently, the crypto community has been up in arms over a controversial article published by The Wall Street Journal (WSJ) regarding Hamas and its alleged acquisition of $90 million in cryptocurrency for financing a surprise attack on Israel. The article has sparked widespread debate and criticism, with many accusing WSJ of publishing misleading information. In
Bitcoin (BTC) reached new three-month highs on October 23, signaling a strong start to the week’s Asia trading session. The cryptocurrency’s price surged to $30,944 on Bitstamp, marking its first weekly close above $30,000 since the summer. This surge allowed BTC to approach key long-term resistance levels, including the 2023 high at $31,800. Traders and
Meitu, the Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a significant strategic shift. Instead of focusing on digital assets like Bitcoin and Ethereum, the company has redirected its attention to its artificial intelligence (AI) business. This decision comes after Meitu made headlines in 2021 for investing around $100 million in
The Shiba Inu ecosystem has rapidly emerged as one of the most dynamic and thriving communities within the cryptocurrency industry. With a plethora of tokens and frequent updates, it is undeniable that the Shiba Inu project has made significant strides. However, despite its impressive growth, the journey for Shiba Inu is far from over. Recently,
Cryptocurrency exchange Coinbase has made a significant step in its international expansion efforts by selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This move comes following the adoption of MiCA by EU policymakers, which is seen as a pivotal moment for the cryptocurrency industry in the region. Coinbase aims to
The debate surrounding the approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC) has been a highly talked-about topic in the cryptocurrency community. The anticipation and speculation around this approval increased even further due to a recent false report claiming that the SEC had approved a spot Bitcoin ETF.
Uniswap founder Hayden Adams shocked the cryptocurrency community when he recently announced on X (formerly Twitter) that he burned 99% of the HayCoin (HAY) supply. This drastic decision was made due to Adams’ concerns about the excessive price speculation surrounding the token in recent days. Five years ago, Adams deployed the HAY token for testing
Hong Kong’s Customs and Excise Department is taking steps to tighten regulatory measures in response to the money-laundering risks associated with cash-for-crypto shops. The move comes after several store owners were arrested in connection with an alleged $192.7 million fraud involving the JPEX crypto exchange. These over-the-counter (OTC) cryptocurrency exchange shops currently operate without licensing
