A growing number of hedge fund companies are strategically utilizing their Hong Kong subsidiaries to navigate the complexities of the cryptocurrency market, particularly in the development of Bitcoin exchange-traded funds (ETFs). Recent reports from the Securities Times shed light on this trend, revealing that institutions like the Hong Kong subsidiaries of Harvest Fund and Southern […]

The Velo and Solana Foundation has announced a partnership on a clearing house for Laos Digital Gold transactions. In an April 8 announcement, Velo disclosed a memorandum of understanding (MOU) to establish the clearing house for the project.  This would be in collaboration with its partner Lightnet and the e Solana Foundation. Velo will serve […]

Voices are coming out from several quarters that the U.S. Securities and Exchange Commission (SEC) stands a chance to notify spot Bitcoin ETF applicants on the approval as early as Friday, January 5, 2024. While the expected timeline of approval and permitted date for launching the ETF trading may be uncertain currently, the general consensus […]

Crypto adoption continues to grow globally with more consumers and traditional finance investors leaning toward Bitcoin. A new Deutsche Bank survey shows users becoming less skeptical of Bitcoin (BTC) and other crypto assets.  This comes amid growing reports of increased crypto adoption and awareness in many jurisdictions. Deutsche Bank surveyed 3,600 consumers with over 50% […]

As the cryptocurrency market continues to evolve, the spotlight is on the eagerly anticipated Spot Bitcoin (BTC) Exchange-Traded Fund (ETF). Friday marks a crucial day for the applicants vying to launch the first-ever Bitcoin ETF. Latest Spot Bitcoin ETF Update Per a post from Fox Business journalist, Eleanor Terrett, Bitcoin ETF applicants and the Securities […]

ENA, the native cryptocurrency of the Ethereum-based synthetic dollar protocol Ethena, has rallied another 20% in the last 24 hours shooting all the way to $1.40. With the current Ethena(ENA) price rally, the altcoin has managed to quickly become a $2 billion asset class in a week’s time. Also, ENA’s daily trading volume has surged […]

Coinbase has announced plans to acquire a MiFID-licensed entity in Cyprus, marking a strategic move to broaden its derivatives offerings across the European Union. This endeavor, pending regulatory approval, aims to enhance Coinbase’s market presence in 2024 significantly. Coinbase Expansion into the EU Derivatives Market The initiative to acquire a Markets in Financial Instruments Directive […]

Big players in the financial markets have been seeking the SEC nod for the approval of a spot Ethereum ETF, after the successful launch of a similar investment product for Bitcoin earlier this year. However, two spot Bitcoin ETF issuers – VanEck and CoinShares – have cast doubt on the SEC’s approval of spot Ethereum […]

Dennis M. Kelleher, Co-Founder and CEO of Better Markets, has issued a clear warning against the approval of Spot Bitcoin Exchange-traded Funds (ETFs). This firm assertion sheds light on the important concerns surrounding the potential consequences for investors if the Securities and Exchange Commission (SEC) approves the Spot Bitcoin ETFs. Better Markets CEO Opposes Bitcoin […]

Bitcoin halving is estimated to take place on April 17 according to Coinbase exchange. The event known to ardent investors as a significant market mover takes place every four years to control inflation on the network. Ahead of the halving, market participants focus on taking positions in Bitcoin and top altcoins to buy. For instance, […]