In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
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Cardano recently experienced a significant price crash, mirroring the market dip led by Bitcoin. The ABC wave, infamous for causing drastic price drops of up to 50%, was responsible for plunging the prices of Cardano and other altcoins. The three waves within this pattern, Waves A, B, and C, saw Cardano’s price fluctuate from $0.8
The decision by B3, a Brazilian stock exchange, to include Bitcoin futures in its offerings has caused a significant stir in the cryptocurrency community. After the official opening of trades on April 17, B3 experienced an overwhelming demand for Bitcoin futures, indicating a strong interest from Brazilian investors in cryptocurrency derivatives. On the debut trading
FTX creditors have recently been given the chance to participate in an auction of the defunct exchange’s remaining Solana token holdings. This marks a shift from previous sales directly to larger venture capital firms such as Galaxy Digital and Pantera Capital. The opportunity was highlighted by Sunil Kavuri, a well-known FTX creditor, who urged retail
As crypto markets show signs of recovery, there is a busy week ahead in the United States economic calendar that could potentially refuel momentum for the bears. The Federal Reserve’s key inflation metric will be in the spotlight, impacting monetary policy going forward. New home sales figures, S&P Global Manufacturing PMI, and S&P Global Services
Gaswizard is not just another app or platform; it is a revolutionary solution to the age-old challenges faced by drivers worldwide. With its recent launch, Gaswizard is set to transform the way drivers fuel and charge their vehicles, offering a seamless and efficient experience like never before. This innovative platform marks the beginning of a
The recent Bitcoin halving event has created a buzz in the cryptocurrency world, with the rate of new coins being cut in half. This occurrence happens every four years and has a substantial effect on the overall crypto market. But what implications does this have for the realm of gaming, especially in the emerging field
Yuga Labs, known for creating the highly sought-after Bored Ape Yacht Club (BAYC), recently made a bold decision to burn 4,295 HV-MTL NFTs. This move came as a response to the acquisition of their gaming IPs by Faraway, a blockchain gaming studio. The burning of these NFTs amounted to 14% of the total supply, reducing
Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the