In Hong Kong, despite recent fraud scandals involving crypto exchange platforms, the financial regulators have decided to retain the grace period for crypto firms. This grace period allows crypto firms to operate without a license until June 2024, providing them ample time to comply with new regulatory standards. While some may argue that stricter regulations
The digital asset investment market has experienced a remarkable influx of capital in recent weeks, marking a significant turning point that reflects renewed investor enthusiasm. CoinShares’ latest data reveals that the total assets under management (AuM) in digital asset investment products have reached a staggering $45.3 billion, propelled by a consecutive nine-week run of inflows.
In the ever-evolving world of cryptocurrency, meme coins have become a popular trend. One such coin, PEPE100x, recently experienced an astronomical rise overnight, jumping 50x and reaching a record high of $0.00386. This surge in value followed the pattern of many other meme tokens that enjoyed significant opening rallies on platforms like Uniswap. However, the
In a startling development, the Hamas terrorist organization has discovered a new avenue to finance its attacks against Israel – the Tron cryptocurrency network. Previously reliant on Bitcoin, the Iran-backed militant group has now shifted its activities to Tron, a blockchain platform that offers faster transactions and lower fees. This significant change in strategy has
Ethereum’s co-founder, Vitalik Buterin, has recently shared his plans to address the issue of staking centralization within the Ethereum network. In an interview with the NFT platform Defiant while in Turkey, Buterin highlighted the importance of reforming Ethereum’s staking process to support more effective mining and staking pools. The ultimate goal is to boost the
Solana, the popular cryptocurrency, experienced a significant rally as its price surged above the $65 resistance level against the US Dollar. This upward move was met with excitement by investors who were optimistic about the future of SOL. However, as with any investment, the bullish momentum was short-lived, and the price is now facing a
In an exciting collaboration between Grease Monkey Games and Formula DRIFT, the virtual racing experience is about to get a major upgrade. Grease Monkey Games, a subsidiary of Animoca Brands, has announced an upcoming Nissan NFT car sale in the Torque Motorsport Store on November 24, 2023. This sale aims to enhance the in-game racing
The stablecoin issuer, Circle, has partnered with SBI Holdings, a Tokyo-based financial services firm, in an effort to drive the adoption of USD Coin (USDC) and Web3 services in Japan. This collaboration aims to leverage the recently revised Payment Services Act in Japan, which established regulations for stablecoins, and propel the transition towards a Web3
In the ever-evolving world of Bitcoin mining, the difficulty metric has reached unprecedented levels in 2023. At block height 818,496, the Bitcoin network underwent a notable adjustment, resulting in a staggering 5.07% increase in mining difficulty. This remarkable surge propelled the metric to a new all-time high of 67.96 T. The mining difficulty of Bitcoin
The price of XRP (XRP) may see a significant rally of over 20% in the coming weeks due to a classic bullish continuation setup known as the bull flag pattern. This pattern typically forms when the price of an asset consolidates within a parallel channel after experiencing a strong uptrend. The bull flag pattern is
