Fidelity, a major asset management company, is preparing to file for a bitcoin exchange-traded fund (ETF) in its latest attempt to enter the market. The filing could be submitted as soon as Tuesday, following the lead of BlackRock, another asset management giant. Other…
Online brokerage Robinhood Markets is set to lay off 150 full-time staff members as a result of decreased trading volumes due to regulatory enforcement actions. This marks the third round of layoffs for the company within a year. The job cuts will be…
CCData’s June 2023 report highlights the importance of stablecoins in the crypto market. While the report discusses the declining trend in stablecoin market capitalization, it does not provide specific details about the future. Another report by CCData focuses on Bitcoin and its potential…
According to a recent report, more than half of first-time XRP buyers had no knowledge of Ripple as a company, indicating significant gaps in market understanding. This finding is quite perplexing, considering Ripple’s prominent role in the cryptocurrency space. With XRP being closely…
HSBC, the largest banking institution in Hong Kong, has warned of an impending recession in the US, which could have repercussions on the European economy. The company recently announced its plans to open up cryptocurrency trading in Hong Kong, focusing on Bitcoin and…
The latest studies on cryptocurrency adoption reveal interesting ownership trends among different age groups. Millennials are the dominant group, with 46% of respondents owning crypto, according to a study by Bitget. Millennials and Gen Z show a stronger inclination towards cryptocurrencies due to…
Golteum, a blockchain platform that combines precious metals with cryptocurrency trading, has joined the Chainlink BUILD program. This program, created by Chainlink Labs, aims to support emerging Web3 projects in the blockchain landscape. Golteum plans to revolutionize the tokenized metals economy by merging…
Hong Kong has recently reopened its doors to the world of digital assets and has introduced regulations to govern the trading and issuance of cryptocurrencies. The Hong Kong Virtual Asset Consortium (HKVAC) has released a virtual asset index that includes a wide range…
Bitcoin is currently facing a significant resistance at $30K, which has been holding the price for a long time. If Bitcoin manages to break through this resistance, it could result in a bullish bias for the cryptocurrency in the medium term. On the…
