Thu, September 3

Hong Kong Forms New Task Team To Promote Web3 Development

The Hong Kong government has formed a task team to advocate for Web3 innovation. Late on Friday, the Government of the Hong Kong Special Administrative Region issued a press release announcing a new policy that would go into force today. Paul Chan, the finance secretary of Hong Kong, and other

July 2, 2023 2 mins read

Federal Reserve Chair Hints at More Interest Rate Hikes This Year

On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal

July 1, 2023 1 min read

Crypto ATM Firm Bitcoin Depot All Set To Go Public This Week

With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the

July 1, 2023 2 mins read

BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has experienced a significant drop, sending shockwaves through the crypto market. A report revealing the U.S. Securities and Exchange Commission’s comment on asset managers’ application for the launch of spot Bitcoin exchange-traded funds was the cause of this decline. On June 30,

July 1, 2023 3 mins read

Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years

In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a

June 30, 2023 1 min read

Bitcoin Surges Past Traditional Assets, Showcasing Spectacular Growth in H1 2023

In the first half of 2023, Bitcoin (BTC) stormed the financial markets, boasting an impressive 84% growth rate. Significantly, this rise has outclassed most traditional financial assets. Consequently, the digital currency is no longer simply an alternative but a strong contender for the most profitable investment of 2023. 📈 #Bitcoin

June 29, 2023 2 mins read

Fidelity Investments Reportedly Filing for Spot Bitcoin ETF Soon

In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by

June 27, 2023 2 mins read

Hong Kong Rating Agency HKVAC Publishes Virtual Asset Index

Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum

June 27, 2023 2 mins read

Jack Dorsey-backed Damus Faces Removal from Apple’s App Store

Apple has decided to formally remove Damus, a decentralized social networking app built on the Nostr protocol, from the App Store because the company has not brought the app in line with its Bitcoin tipping service. Damus tweeted on Monday that despite the app being updated to make it obvious

June 27, 2023 2 mins read

Largest Bitcoin Mining Firm Invests $162M in Expansion, Find Out Why

Riot Platforms, a major player in the global Bitcoin mining industry, is poised to significantly enhance its hashrate capacity by acquiring 33,280 mining rigs from MicroBT, a renowned manufacturer of essential equipment for cryptocurrency mining.  The order for Application-Specific Integrated Circuit (ASIC) amounts to an impressive $162.9 million, setting it

June 27, 2023 1 min read