In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.
Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital
Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use
New steps to address anti-money laundering regulations have been announced by China’s Supreme People’s Court and Supreme People’s Procuratorate. The legal interpretation sets very stringent standards for the prosecution of offenses relating to money laundering as of August 20, 2024. The primary goal of the new regulations is to prevent
Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean
Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC Group, a London-based digital-assets issuer. Meanwhile, the details of the purchase agreement are still unknown. According to Bloomberg, Bitwise
After a long period, US Federal Reserve (Fed) policymakers are considering a rate decrease in September, shifting gears from maintaining rates constant to cutting rates. Neel Kashkari, president of the Minneapolis Federal Reserve, has confirmed that September is a suitable time to discuss potential Fed rate decreases. Bitcoin investors are
The rapid increase in Bitcoin short positions met with a resounding rejection of Sunday’s effort by the price of Bitcoin to break out over $60,000 levels. Bitcoin shorts were active across many exchanges as soon as the price rose above $60,000. 24-hour short volumes surged 118% to over $18.30 billion.
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62
Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock Exchange (HKEX). This acquisition marks a significant expansion for Sinohope in the cryptocurrency space.
The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions. The partnership led to the launch of a new digital asset management platform for residents of the United Arab Emirates (UAE). The initiative, pending approval from the Central Bank of the UAE (CBUAE),
