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Hong Kong Bitcoin ETFs top $250M AUM
24.8.2024
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors
Hong Kong’s Bitcoin ETFs reach HK$2B milestone, led by OSL
24.8.2024
For Hong Kong to truly compete on the global stage, it will need to attract more significant inflows and broader participation from both retail and institutional investors.
Progmat, DMM partner to introduce stablecoin for Seamoon Protocol
23.8.2024
The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well.
Progmat, DMM partner to introduce stablecoin for Seamoon Protocol
23.8.2024
The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well.
Stablecoin Market Grows by $1.3B in 5 Days as Tether Leads the Charge
23.8.2024
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M...
Paypal Launches PYUSD Rewards Program With Anchorage Digital
23.8.2024
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding...
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
23.8.2024
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered...
Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network
22.8.2024
Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain...
Devere CEO Advises Shifting Away From US Assets as Dollar Weakens
22.8.2024
Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges...
German Authority Seizes 13 Unauthorized Crypto ATMs
22.8.2024
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German...
Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager
21.8.2024
Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms...
Stablecoins Hit $165B Market Cap Renewing Trust In Crypto Assets
21.8.2024
The stablecoin market has reached a new benchmark, with its overall capitalization growing to $165 billion. This comeback…
Terraform Labs bankruptcy reorganization hearing set for September
21.8.2024
The court's decision will determine if the company can restructure or must liquidate
Abu Dhabi proposes framework for fiat-referenced tokens
21.8.2024
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can be liquidated with minimum adverse price effect
State Street Partners With Taurus to Boost Digital Asset Services
21.8.2024
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding...
Nigeria’s SEC Denies Issuing Provisional Crypto Licenses
21.8.2024
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and...
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which...
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Seychelles Approves Bill on Virtual Asset Regulation
20.8.2024
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance...