The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), two of Hong Kong’s financial regulatory agencies, have made headlines in the cryptocurrency spot ETF market with their announcement. The SFC and the other relevant authorities have announced their intention to begin accepting applications to authorize VA
Midway through 2024, Elon Musk’s X platform is anticipated to include in-app payment capabilities, however the incorporation of cryptocurrency currently seems distant. In an interview with Cathie Wood of ARK Invest on December 21st, Musk stated his intention to completely deploy payment services by the “middle of next year,” subject
Bitcoin’s rollercoaster week concludes with a remarkable surge, surpassing $44,000, buoyed by pivotal global events signaling a seismic shift in crypto adoption. Argentinian Minister of Foreign Affairs endorsed Bitcoin, paving the way for contract settlement using BTC within the country. Also notably, El Salvador passed legislation granting citizenship to foreign
Investors are waiting impatiently for the U.S SEC’s decision on spot Bitcoin ETFs as the clock ticks down to their expected approval. Many are keeping their fingers crossed for a satisfactory resolution before the deadline, which would have far-reaching consequences for Bitcoin and the cryptocurrency market overall. Michael Saylor, executive
The founders of the crypto hedge fund Three Arrows Capital (3AC) have had assets worth about $1 billion frozen by a court in the British Virgin Islands. This development has been verified by Teneo, the fund’s liquidator to Bloomberg. According to an email from liquidator Teneo, the court has granted
A U.S. appeals court ruled 69,370 bitcoins and other cryptocurrencies associated with the defunct Silk Road dark web bazaar to be forfeited on Wednesday, December 20. The original ruling from August has now been adhered to, according to a filing made on Wednesday in the United States District Court of
In Wednesday’s trading session, Ethereum experienced a modest rally, displaying sustained upward momentum from the lower boundary of a significant consolidation range. However, the cryptocurrency faced hurdles around the $2,250 and $2,300 resistance levels, struggling to find a foothold above $2,250. Also, Ethereum encountered multiple rejections in the $2,200 to
Data shows that open interest in Bitcoin options on the CME has hit a record high. Options open interest on bitcoin futures contracts at CME has surpassed $2 billion in the last 24 hours. Consistent with this conclusion, Velo Data reports a $2.1 billion peak in options open interest on
Bitcoin, the leading cryptocurrency by market capitalization, has seen recent price fluctuations, oscillating between notable highs and moderate declines. After reaching a peak above $44,500 earlier this month, BTC has settled around $42,000, experiencing a 1% decline today. The anticipation surrounding a potential U.S. spot Bitcoin ETF launch has boosted
The purchase of two Bitcoin mining facilities for $178.6 million was announced by Marathon Digital Holdings. The impending halving of the Bitcoin mining payout in 2024 is a major factor in this strategic acquisition by Generate Capital, which is expected to significantly enhance Marathon’s mining capacity. The capacity of Marathon
