Hongkong and Shanghai Banking Corporation (HSBC) has added three new exchange-traded products to its listing on the Hong Kong Exchange (HKEX). These products include the CSOP Bitcoin Futures ETF, Samsung Bitcoin Futures Active ETF, and Ether Futures ETF. This move by HSBC makes…
The price of Uniswap (UNI) has recovered after earlier losses but is struggling to break through a resistance level, leading to it remaining stagnant. However, the technical analysis of UNI shows bullish signals, with strong buying strength and increased demand and accumulation. The…
The Beijing Business Daily recently published an article titled “Bitcoin’s Soaring Market Triggers Illegal Speculation Activities, OKX Resorts to ‘Indirect’ Marketing.” The article highlights the resurgence of speculative activities in virtual currency trading, specifically following Bitcoin’s price surpassing $30,000. Reporters from the publication…
The Nevada Financial Institutions Division has filed a petition for receivership for cryptocurrency custodian Prime Trust due to concerns over its operational instability and insolvency. The regulator believes that Prime Trust’s mode of operation is precarious and unstable, and it is insolvent according…
Paradigm co-founder Matt Huang expressed his curiosity about artificial intelligence (AI) and highlighted that the venture capital firm is more dedicated to crypto than ever. Huang’s comments came after reports that Paradigm was expanding its focus beyond blockchain to encompass other “frontier tech”…
Cryptocurrency company Circle plans to expand into the Asian market, with a particular focus on Hong Kong. CEO Jeremey Allaire highlighted the strategic importance of Hong Kong in the digital currency landscape, especially with the city implementing new regulations on crypto exchanges. Hong…
Israel has seized millions of dollars worth of cryptocurrency in digital wallets believed to be connected to Iran’s Quds Force and Hezbollah. These groups have been using cryptocurrencies to move money secretly and fund attacks. The seizure represents a significant step towards effectively…
A new memecoin called PEPE is set to launch on the BNB Chain, following the success of its Ethereum counterpart. Inspired by the popular webcomic character “Pepe the Frog,” the original PEPE token surpassed a market capitalization of $1 billion in May, leading…
The European Union (EU) has reached an agreement on new bank-capital legislation, which includes regulations for cryptoassets. The proposed rules aim to prevent unbacked crypto from entering the traditional financial system. Negotiators sought to incorporate Basel III standards into EU legislation, which focuses…