Asset management companies are gearing up to introduce spot Bitcoin and crypto Exchange-Traded Funds (ETFs) in Hong Kong, according to Livio Weng, the Chief Operating Officer (COO) of HashKey Group. In an interview with Chinese local media outlet Caixin, Weng revealed that seven to eight of these companies are in the advanced stages of launching […]
Steve McClurg, co-founder and chief investment officer of Valkyrie Funds, has hinted at the potential approval of Ethereum or XRP exchange-traded funds (ETFs) following the anticipated launch of spot Bitcoin ETFs. This prediction is based on the U.S. Securities and Exchange Commission’s (SEC) likely approval of Valkyrie’s Bitcoin ETF, with trading expected to start as […]
Bitcoin is currently trading above $46k, with market experts predicting a further increase if the US SEC approves a spot Bitcoin ETF. This approval could potentially cause Bitcoin’s price to soar even higher. At the time of writing, Bitcoin’s price stands at $46,239, marking an increase of over 1% in the last 24 hours.As the […]
Digital payments firm SKUx has secured two patents from the U.S. Patent and Trademark Office (USPTO) for item-level payments processing technology. The company aims to enhance its payment solutions with these patents, thereby improving the consumer experience and product-level promotions.The first patent, no. 11,288,697, focuses on item-level promotional offers and payments. This allows SKUx to […]
Ethereum has long been the preferred layer-1 for decentralized finance (DeFi), despite its issues with network congestion, security vulnerabilities, and the transition to proof-of-stake (PoS). Other layer-1 alternatives like Solana, Algorand, and Tron have not been able to surpass Ethereum’s dominance in DeFi. However, the changing regulatory landscape in the US is causing projects to […]
The Stellar Development Foundation (SDF) recently released a report detailing the impact of blockchain technology on financial inclusion. The report reveals that approximately 1.4 billion adults worldwide lack a basic bank account, limiting their access to formal financial services. This is particularly prevalent in economies with large informal sectors and persistent gender gaps.Blockchain technology is […]
Ripple, the firm behind the renowned cryptocurrency XRP, has announced plans to repurchase shares from its early investors. The company intends to carry out a $285 million share buyback, as reported by Reuters on Wednesday.Despite the challenges posed by the SEC lawsuit, Ripple has managed to grow, with 95% of its customers being non-US financial […]
Senator Elizabeth Warren has accused the Blockchain Association and other industry groups of undermining Congressional efforts to address the alleged role of cryptocurrency in terrorist financing. The senator alleges that these groups are hiring former defense and law enforcement officials to fight against these efforts. The Blockchain Association has responded to these accusations, stating that […]
The U.S. Securities and Exchange Commission (SEC) is nearing a decision on the approval of spot bitcoin exchange-traded funds (ETFs), putting asset managers, including BlackRock, Ark Investments, and 21Shares, on high alert. A false report of the SEC approving 11 Bitcoin ETF applications caused a spike in market volatility, pushing the Bitcoin spot price to […]
Turkey is making significant strides in its crypto regulation, with the legal framework now reaching the technical stage, according to the country’s Minister of Treasury and Finance, Mehmet Simsek. This development is part of the country’s efforts to align its anti-money laundering laws with the Financial Action Task Force (FATF) standards and get off the […]
