The Securities and Futures Commission (SFC) of the Special Administrative Region has granted licenses to three cryptocurrency exchanges, among them is the Hong Kong Virtual Asset Exchange (HKVAX), allowing it to service retail consumers. It joins two other Hong Kong exchanges that have recently received full authorization. The HKVAX website
October 5, 2024 2 mins read
To facilitate the issuance and management of digital assets, Visa unveiled its new Visa Tokenized Asset Platform (VTAP). The financial services behemoth unveiled the VTAP on October 3; it claims to be compatible with several tokenized assets, including stablecoins and CBDCs. Visa reports that BBVA is one of many participating
October 3, 2024 2 mins read
Some market analysts are worried that the market is becoming frothy due to the recent increase in open futures contracts for Bitcoin. Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion, a mark that has traditionally been associated with local price peaks. One important indicator that investors use to
October 2, 2024 1 min read
Crypto exchange Binance has expanded to Argentina with a successful registration. The announcement that the exchange had obtained a complete license in Kazakhstan to provide crypto services to Kazakh residents came recently before this latest development. The cryptocurrency exchange said on its blog that it is now able to provide
October 1, 2024 2 mins read
Velar Dharma, a Bitcoin layer 2 trading protocol, has announced an integration with Xverse, the leading non-custodial wallet for accessing Bitcoin’s layer 2 ecosystem. Consequently, Velar Dharma’s AMM-powered swaps may now be made by Xverse users from inside the wallet. With this integration, Velar Dharma is now the only provider offering Bitcoin
September 30, 2024 3 mins read
Improper stablecoin investment programs and unregistered selling of securities were among the allegations levied against TrueCoin and TrustToken by the US Securities and Exchange Commission (SEC). As stated in the agency’s news release, the SEC has settled the allegations against the businesses and ordered them to pay a combined penalty
September 30, 2024 2 mins read
One of the most important factors in the future of Web3 and cryptocurrency, according to CryptoQuant CEO Ki Young Ju, is regulation. Ju said in an X post from September 29 that crypto and Web3 could “thrive responsibly” if the appropriate regulations were in place to reduce the prevalence of
September 29, 2024 2 mins read
With inflows of almost $1.1 billion, the United States spot Bitcoin exchange-traded funds had their best week since July 15-19. According to Farside Investors, the best-performing day since June 4 was on September 27th, when $494.4 million was added. The spot Bitcoin ETFs raised $366 million on September 26th, the
September 29, 2024 1 min read
The CEO of Gluwa took part in the “Destination 2030: Nigeria Everywhere” side panel discussion, which was organized by Nigeria’s Ministry of Culture, during the UN General Assembly. He stressed during the panel that blockchain innovation may help Nigeria’s creative and cultural sectors become more well-known worldwide. The CEO of
September 26, 2024 1 min read
The price of Ethereum (ETH) has risen by 15% in the last two weeks, thanks to positive momentum that followed post interest rate cut by the U.S Federal Reserve. A number of cryptocurrencies are making a comeback and trading in green as September comes close to an end, demonstrating that
September 26, 2024 2 mins read