Recently, Hong Kong regulators approved spot Bitcoin and Ethereum exchange-traded fund applications, marking a major milestone for the city’s growing digital assets market. However, despite this positive development, there are concerns about the potential performance of the local ETF market compared to the United States. According to Bloomberg ETF analyst Eric Balchunas, the Hong Kong
Crypto
Binance executive Nadeem Anjarwalla’s recent escape from custody in Nigeria has led to a legal battle for his extradition back to the country. Anjarwalla was discovered in Kenya, where the Nigerian government, in collaboration with Interpol and Kenyan authorities, is working on bringing him back to face charges related to the alleged manipulation of the
Bitcoin, the digital asset that has taken the financial world by storm, could potentially reach astonishing price levels in the near future. According to Bitcoin analyst Willy Woo, the introduction of exchange-traded funds (ETFs) for Bitcoin could pave the way for significant value appreciation. In fact, Woo suggests that Bitcoin could reach $91,000 at the
Bitrace, a prominent data analysis company in Hong Kong, has taken proactive steps to combat the increasing rates of cryptocurrency-related crimes in the region. One of their recent initiatives involved conducting training sessions on on-chain fund tracking for members of the Hong Kong Police Force. This move comes as part of Bitrace’s Corporate Social Responsibility
Recently, Ripple’s XRP experienced a significant drop of 20% amidst a market downturn that saw the global cryptocurrency market capitalization plummet to around $2.4 trillion. This decline led to substantial liquidations, especially impacting long traders. Despite the dip in XRP’s price to approximately $0.48, some analysts view this as a buying opportunity rather than a
In 2023, despite an overall decline in venture capital activity, Bitcoin startups saw a significant increase in funding. A report from Trammell Venture Partners (TVP) revealed that the number of pre-seed deals for Bitcoin-native companies skyrocketed by 360% the previous year. Additionally, the number of funded Bitcoin companies grew by 56.9%. TVP defines a “Bitcoin
Bitcoin Layer 2 solutions have become increasingly popular this year as a way to enhance scalability and transaction efficiency. However, not everyone is on board with this trend. Mempool founder Mononaut and Bitcoin Ordinals founder Casey Rodarmor have both raised concerns about the efficacy of these solutions. Mononaut, in particular, has pointed out several drawbacks
Over the weekend, the cryptocurrency market experienced a tumultuous and painful evening as Bitcoin’s price took a significant hit, plummeting by an alarming five thousand dollars to a multi-week low of approximately $61,000. This drastic drop in Bitcoin’s value had a ripple effect on the alternative coins, causing numerous double-digit price declines across the board.
EigenLayer recently made waves in the crypto world with the launch of EigenDA, the first Available Validator Service on the Ethereum mainnet. This groundbreaking move has seen over 4.1 million ETH being restaked on EigenLayer, showcasing the platform’s growing popularity among Ethereum validators. The platform boasts an impressive statistic, with 70% of all new Ethereum
The past few weekends have been relatively stable for Bitcoin and the cryptocurrency market as a whole. However, the recent weekend witnessed a significant shift in dynamics. This sudden change in market behavior can be attributed to various factors ranging from statements made by US Federal Reserve officials to reports of potential geopolitical tensions. Market
