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JPEX Scandal Undermines Trust in Crypto Among Hong Kongers, Survey Reveals


Attitudes toward crypto in Hong Kong have taken a hit, as a new survey reveals a growing aversion to virtual assets in the aftermath of the JPEX scandal.  This shift in sentiment poses significant challenges to Hong Kong's aspirations to establish itself as a global hub for the cryptocurrency...

Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap


Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting...

Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol


One of the biggest pieces of crypto news today involves multiple users on Friend.tech falling victim to SIM swap attacks, resulting in the theft of over $385,000 worth of Ethereum. According to an X post on October 5 by blockchain analyst ZachXBT, the hackers stole 234 ETH worth around $385,000...

Best Crypto to Buy Now October 4 – Trust Wallet, Avalanche, GALA


Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3. Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences...

Grayscale and NYSE Arca apply to convert Ethereum trust into ETF


Grayscale is furthering its commitment to bringing a transparent ecosystem to the community. It is doing so by partnering with NYSE Arca. Both have submitted an application to the SEC, that is, the US Securities and Exchange Commission, requesting a conversion of Grayscale Ethereum Trust (OTCQX:...

GBTC Price as Likelihood of Bitcoin ETF Grows Larger


The recent federal judge's rulings overturning the SEC's rejection of Grayscale's application to convert its Bitcoin Trust (GBTC) into an ETF have indeed increased the likelihood of a spot Bitcoin ETF approval by the SEC. The judge's decision highlighted the SEC's failure to provide a clear...

Ripple Backs Out of Fortress Trust Acquisiton, Citing Change in Strategy


In a surprising turn of events, Ripple CEO Brad Garlinghouse announced today that the financial technology firm will not proceed with its previously planned acquisition of Fortress Trust, a Nevada-licensed financial services provider.  The decision comes just 20 days after the initial announcement...

Ripple Retracts Acquisition Plans for Fortress Trust


Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor...

Ripple Cancels Plan to Buy Fortress Trust


"While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future," said CEO Brad Garlinghouse

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