Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15. However, their availability is expected to commence roughly two weeks after approval, Tencent News reported Wednesday. Financial analysts were quoted as projecting that the first Spot Bitcoin ETF in Hong Kong could reach a size of $20b. This...
Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue. The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on...
Bitcoin’s highly anticipated “halving” event may already be partially factored into the market, according to the CEO of Marathon Digital Holdings Inc., the largest cryptocurrency miner in the United States. In an interview with Bloomberg TV on Tuesday, Marathon CEO Fred Thiel expressed his perspective on the potential impact of the ETF approval on Bitcoin’s price...
BTC has fallen by 1% in the past 24 hours, with the Bitcoin price dropping below $70,000 on a day when the market has lost 2%. Bitcoin does remain up by 4% in a week, and while it’s down by 3% in the last 30 days, it also sits on a 140% gain in the...
International cryptocurrency exchange platform Coinbase is making it easier for UK customers to buy and sell cryptocurrencies with the launch of Apple Pay. The integration, announced on Wednesday, is part of Coinbase’s efforts to increase crypto adoption in the UK. Coinbase UK Launches Apple Pay For Customers The UK is a key market for Coinbase,...
Ace Exchange founder David Pan and six other individuals were indicted by a Taiwanese court on April 8 on charges of money laundering and crypto fraud involving digital assets valued at $340 million New Taiwan dollars (USD $10.7 million). The court ruled that the defendant’s property and other owned assets worth $110K be confiscated. Ace...
Senator Tim Scott (R-SC) called cryptocurrencies a “scapegoat” for the federal government’s concerns about illicit finance, according to his testimony from a Tuesday crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs. During the hearing focused on countering illicit finance, terrorism, and sanctions evasions, Deputy Secretary of the Department...
South Korean election results could hinge on the voting intentions of the country’s 6 million crypto traders, reports claimed April 9. The nation goes to the polls on April 10 to vote in legislative elections, with both major parties making crypto-related manifesto pledges. South Korean Election: Crypto a Key Battleground? Crypto policy has changed rapidly...
South Korean regulators want to block traders from dumping stolen coins on the country’s crypto exchanges. The move follows news from earlier this month, when regulators in the nation said they wanted to stop trading platforms from listing hacked tokens. Per News1, the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC) want to...
Artificial intelligence firm Sapien AI has raised $5 million in a seed funding round with participation from Primitive Ventures, Animoca Ventures, and Yield Guild Games. In an announcement, the firm said the funding will be used to accelerate Sapien’s mission of providing scalable annotation services for training AI models through its gamified data labelling platform....