On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. According to
Launching support for the Lightning Network today, crypto exchange Coinbase gives its customers a quicker and cheaper option to transfer, receive, or pay with bitcoin straight from their account. In the past, Coinbase’s bitcoin transfers were handled on-chain, which meant that they may take anywhere from ten minutes to two
With the finalization of a $10 million investment round, London-based Harris and Trotter Digital Assets, a worldwide cryptocurrency accounting business, has taken a big step toward solving accounting issues that affects all Web3 projects. The round was headed by Orbs and includes investments from RE7 Capital, Kingsway Capital, and other notable Web3
Animoca Brands, the Hong Kong-based giant in web3 gaming and metaverse investments, is advancing its plan to construct an ‘open metaverse’ within the Bitcoin ecosystem by partnering with the Runes-powered Opal Protocol. The protocol’s list of “genesis members” features six portfolio companies of Animoca Brands, namely, Life Beyond, Open Campus,
In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,
The past week has seen a significant downturn in trading activity, reminiscent of levels last witnessed during the final week of January. As traders grapple with indecision, the once fervent calls to ‘buy the dip’ have dwindled, echoing a quieter sentiment among those bullish on the crypto market’s trajectory. Bitcoin
After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
According to CoinShares’ reporting, crypto investment products had a $435 million outflow for the week ending April 26. As the price of Bitcoin is stuck around the low $60,000 level, crypto exchange-traded products (ETPs) have seen withdrawals for three weeks in a row. With $423 million leaving the market after
Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow
According to security company SlowMist, LinkedIn users are being targeted by the North Korean-backed cyber-hacker group Lazarus Group, who is pretending to be an executive member of the Chinese blockchain asset management business Fenbushi Capital. A screenshot uploaded on X by SlowMist’s chief information security officer shows the con artist
