Hong Kong Securities and Futures Commission (SFC) has approved three spot Bitcoin and Ethereum exchange-traded funds (ETFs) that will start trading on April 30. According to a recent social media post by Bloomberg Intelligence ETF analyst James Seyffart, the issuers of the ETFs have revealed their fees, including one as low as 0.3% after a...
The Switzerland market ended on a weak note on Wednesday as investors largely stayed cautious and chose to lighten some commitments ahead of a slew of crucial economic data from the U.S. The benchmark SMI, which stayed weak right through the day\'s session, settled with a loss of 98.41 points or 0.86% at 11,370.74, the...
The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs). The laws would provide more powers to Financial Intelligence Units (FIUs) to detect and combat money laundering and terrorist financing. Per a Wednesday’s announcement, the package of legislations would impact crypto exchanges, brokers, regulated under...
Bitcoin’s inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving. With 93.3% of Bitcoin already mined, translating to 19.6 million out of the possible 21 million BTC, the scarcity factor is anticipated to drive demand further, potentially fueling a surge in the price...
The Crypto Series of Poker (CSOP) is currently underway at CoinPoker, and to celebrate the website is offering one lucky player the opportunity to gain free entry to its main event on Sunday. Taking place at 18:30 GMT on April 28, the event offers a guaranteed prize pool worth $100,000, with participants playing in the...
Runes have contributed to up to 68% of Bitcoin transactions since the halving, however, the fees earned by Bitcoin miners have started to dwindle. Like BRC-20s, Runes is a protocol that uses the Bitcoin network. It pays fees in Bitcoin to generate new tokens. However, Runes uses the Unspent Transaction Output (UTXO) model to “etch”...
William Morro, an accomplice in the OneCoin crypto fraud scheme, was arrested and charged on April 23 by the United States Department of Justice for his role in the multi-billion dollar scam orchestrated by Ruja Ignatova and Karl Sebastian Greenwood, Tuesday court documents reveal. William Morro Arrested In OneCoin Crypto Fraud Scheme According to the...
Web3 infrastructure company Elastos released a report, shedding light on Bitcoin use in people’s daily lives, irrespective of current valuation. Per the research findings, Nigeria and UAE have topped in the use of Bitcoin for daily transactions, compared to Germany and the UK. Around 20% of respondents from Nigeria use Bitcoin to conduct transactions “at...
Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the fiat-pegged cryptocurrencies be enacted anytime soon? Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing...
The Thai stock market has moved higher in back-to-back sessions, advancing more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,355-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets is upbeat on optimism over earnings...