In a shocking incident in Hong Kong, four men abducted a 55-year-old crypto investor from Tai Lau Leng Village in the Sheung Shui district. The victim, along with her husband, was in a car when the suspects stopped them and attacked the husband with a stun gun. The woman was taken away in a seven-seater
Crypto
As the U.S. presidential election approaches, cryptocurrency is starting to emerge as a significant topic of discussion among voters. A recent survey conducted by Digital Currency Group (DCG) revealed that approximately one in five voters considers crypto to be a major issue in the upcoming 2024 election. Moreover, 40% of voters expressed a desire for
The past 24 hours in the cryptocurrency market have shown a significant calmness, putting a halt to the ongoing bearish assault and leading to some consolidation. Bitcoin has been hovering around the $61K mark on Sunday morning, while Ethereum has dipped below the crucial $3K level. A recent report by CryptoPotato highlighted a sudden correction
The Bitcoin mining industry has been experiencing significant changes, and the leader in this sector has recently announced its financial results for the first quarter of 2024. After emerging from bankruptcy, the company has shown remarkable improvement in its financial performance. With a net income of $210.7 million, the company has come a long way
Despite a recent 20% drop in price over the past week, analysts are predicting a significant rally for Shiba Inu. This optimism is being driven by a number of positive technical indicators that suggest a bullish future for the popular meme coin. While Shiba Inu has experienced a 20% decline in price over the past
Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
Recently, Hong Kong’s Bitcoin ETFs faced a setback after experiencing their first cumulative daily Bitcoin outflows since their launch on April 30. The China Asset Management Bitcoin ETF saw an outflow of $4.9 million, marking a significant change in the investment landscape for these products. Despite this setback, the other Hong Kong-based ETFs did not
Robinhood Markets Inc. is the latest crypto trading platform in the crosshairs of the Securities and Exchange Commission (SEC). The SEC has informed Robinhood that it is considering filing a lawsuit alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. Section 15(a) prohibits broker-dealers from effecting securities transactions without proper
The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and