Circle CEO Jeremy Allaire has called for stablecoin regulation in the United States to ensure the country’s control over the issuance of digital dollars. During a congressional hearing, Allaire highlighted that other countries have already established frameworks for issuing dollar-backed stablecoins, leaving the…
The Bitcoin exchange whale ratio, which measures the ratio between the top ten Bitcoin transactions to exchanges and the total exchange inflow, has recently experienced a significant decline. This suggests that the selling pressure in the market may be decreasing. When the ratio…
HSBC Hong Kong, the largest bank in the region, now allows customers to trade bitcoin and ether exchange-traded funds (ETFs) listed on Hong Kong’s stock exchange. The bank has listed three crypto ETFs on its investment platform: CSOP Bitcoin Futures ETF, CSOP Ethereum…
OKX, a crypto exchange based in Seychelles, has expanded its services to the Middle East and Hong Kong. The Dubai Virtual Assets Regulatory Authority has granted the exchange a Minimal Viable Product (MVP) preparatory license, allowing it to operate in the region. Additionally,…
Joseph James O’Connor, the hacker responsible for a 2021 Twitter account takeover, has been sentenced to five years in jail and ordered to pay $794,000 for stealing Bitcoin. O’Connor pleaded guilty to extorting the funds through fake Twitter giveaways. He was charged and…
Sygnum AG, a major player in the digital asset sphere, is capitalizing on the growing demand for crypto transactions by launching a new brokerage business in Singapore. With approval from the Monetary Authority of Singapore, Sygnum is well-positioned to leverage the increasing demand…
The price of Polygon (MATIC) has faced multiple rejections at $0.70 in the past week as bullish investors attempt to recover. The recent price correction can be attributed to crypto exchanges ending support for MATIC and other altcoins. Despite this negative sentiment, on-chain…
A recent study has revealed that more than half of the Fortune 100 companies have embarked on cryptocurrency, blockchain, or web3 initiatives since early 2020. These companies recognize the need to update the outdated global financial system and see the potential of blockchain…
In a recent social media post, crypto investigator Mr. Huber has refuted claims that Ripple, a digital currency company, used influencers to promote its asset XRP. These allegations were made by Darkhorse, a self-proclaimed crypto researcher, who raised doubts about the integrity of…