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
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
USDC stablecoin issue, Circle Internet’s CEO, Jeremy Allaire, is keeping a close eye on the regulatory updates in Hong Kong after the implementation of its new crypto legislation earlier this month. While the United States continues its regulatory onslaught, crypto companies continue to place a significant emphasis on the Asian
ProShare’s Bitcoin Futures Exchange Traded Fund (ETF) $BITO has seen a huge surge in inflows, boosting its asset value to over $1 billion, a development that is very important for the cryptocurrency market. Speculation over the Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin ETF has piqued
The Japanese National Tax Agency is relaxing its position on taxing crypto assets for companies operating in Japan. To make it simpler for cryptocurrency-related businesses to operate in Japan. The tax administration has reportedly announced that unrealized profits from cryptocurrencies produced by corporations themselves would no longer be taxed. Taxation
Amazon Web Services (AWS) is spending $100 million on a solution to compete with Microsoft and Google in the field of generative AI. Supposedly, the planned AWS Generative AI Innovation Centre would serve as a conduit between Amazon’s AI and machine learning specialists and customers who want to develop cutting-edge
Since the beginning of the month, Bitcoin’s (BTC) value has increased by the most among all cryptocurrencies. After a sustained bullish ascent, the leading cryptocurrency reached a new annual high of almost $31,000 this past week. Bitcoin is now trading at $30,555 at the time of this writing. Glassnode, an
Joseph O’Connor, alias “PlugwalkJoe,” was given a five-year jail term in the United States for his part in a SIM swap assault on a cryptocurrency exchange executive in April 2019 that resulted in the theft of $794,000 worth of cryptocurrencies. O’Connor was apprehended in Spain in July 2021. and eventually
While the crypto market is performing relatively dull, the decentralized lending protocol Aave is showing the most promise among altcoins. At the time of writing, the current price of Aave is $75.17, reflecting a meteoric 32.60% increase over the last 24 hours. Over the last month, the coin’s value has
“Mad Money” anchor and crypto critic Jim Cramer from CNBC has made it clear that he is “not against crypto,” but is against fraudulent ventures using cryptocurrency. The American, who has changed his mind several times over the years, has made another contentious declaration. The cryptocurrency industry often makes fun
