Hong Kong’s approved spot Bitcoin (BTC) and Ethereum (ETH) ETFs have commenced trading with various conflicting views on their impact in the cryptocurrency market. On one hand, several commentators say it can boost the market out of the red zone as funds flow into these products. The other side of the divide holds much skepticism […]
AI News: Market Bullish on Microsoft’s AI Sway and Ability to Monetize It
The AI industry has seen consistent growth in the past couple of years. The incorporation of artificial intelligence by big tech giants has seen an upward trend, making the industry heavyweights focus their growth strategies on AI. Market strategist at Crossmark Global Investments believes that Microsoft is well placed above its peers to cash in […]
Blockstream CEO Adam Back Reveals What Makes Hong Kong ETFs Special
Blockstream CEO Adam Back recently took to X to highlight a reason why the newly launched Hong Kong spot Bitcoin and Ethereum ETFs are different from their US counterparts. Hong Kong Embraces In-Kind Model After several weeks of anticipation, Hong Kong’s spot Bitcoin and Ethereum ETFs went alive today, marking a pivotal move for the […]
Analyst Urges Bitcoin Accumulation As BTC Price To Hit $57K Soon
A top crypto market analyst has set the stage for a potential Bitcoin boom, advising investors to accumulate as the cryptocurrency gears up for a remarkable price rally. The analyst’s insights, shared on the X platform, suggest a brief consolidation for BTC within the range of $40-45k before the anticipated “Halving Rally.” Meanwhile, according to […]
Breaking: Changpeng ‘CZ’ Zhao Sentenced To 4 Months In Prison
The sentencing hearing of Binance co-founder and former CEO Changpeng ‘CZ’ Zhao has just wrapped up with with Judge Richard Jones sentencing him to 4 months in prison Changpeng ‘CZ’ Zhao Gets Lenient Sentencing According to the live account from the Court, Judge Richard Jones revealed before the sentencing that he does not agree with […]
3 Reasons Why ZetaChain (ZETA) Price is Up Today
The ZETA token price is going to the moon, increasing by 150%, within just a few hours of its launch. While the price rises during the launch of a token is common in the crypto industry, ZetaChain took it a few steps further and rose by a whopping 150% within less than a half day […]
Ripple 500 Million XRP Unlock Sparks XRP Price Drop Concerns
The XRP crypto has once again caught the eyes of investors, amid a slump in its price. Notably, the crypto was on the investors’ radar today, especially after Ripple unlocked 500 million XRP from escrow, sparking speculations over its potential impact on the XRP price. Usually, such unlocks tend to boost the supply of the crypto in the […]
Binance Raises Compliance Budget by 35%, Prepares for Zhao’s Fate
Binance cryptocurrency exchange has announced a substantial increase in its annual spending on compliance measures. This decision marks a pivotal shift in the company’s approach to compliance, reflecting a deeper integration of regulatory norms within its operational framework. Enhanced Compliance Spending and Strategy Binance has elevated its compliance expenditure from $158 million to $213 million, […]
Crypto Price Prediction 1/5: Meme Coins Suffer Double-Digit Losses Amid Market Sell-Off
Crypto Price Prediction: During Wednesday’s trading session, the cryptocurrency market witnessed heightened selling pressure with the Bitcoin price dropping to a two-month of $56500. The notable drop ahead of the Federal Reserve’s interest rate decision later in the day accentuates growing inflation concerns in the U.S. According to the latest data from Santiment, a notable […]
Ripple Unveils Key Regulatory Vision For Decentralized Finance
In a recent update shared on the X platform, Ripple emphasizes the crucial link between innovation and regulatory clarity, particularly in the context of decentralized finance (DeFi). The collaborative effort, including a public-private roundtable co-hosted by Ripple and TRM Labs, delves into the need for new regulatory frameworks and compliance-first approaches to fuel the anticipated […]