Recently, Hong Kong’s financial regulators wrapped up a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which came to a close in February, garnered 108 submissions from a variety of stakeholders, ranging from market participants to industry associations and professional organizations. The joint statement made on July 17 by
Impact
The recent announcement from crypto exchange OKX has sent shockwaves through the Nigerian crypto community. OKX has informed Nigerian clients that they have until Aug. 16 to close their positions, as the platform is ceasing operations in the African country due to local regulations. In a move that has left many users frustrated, OKX stated
Australian computer scientist Craig Wright has long claimed to be the mysterious creator of Bitcoin, Satoshi Nakamoto. However, recent developments have brought these claims into question. A ruling in the COPA vs. Wright case revealed that Wright may face charges of perjury and forgery of documents for providing false testimony during the trial. Wright has
The price of Bitcoin surged to over $65,000, hitting a two-week peak after recovering from the July 5 crash. The cryptocurrency ended the volatile business week on a positive note, standing around $58,000. The weekend was expected to be less volatile until news of an attempted assassination against pro-crypto US presidential candidate, Donald Trump, caused
The recent news of the Spot Ethereum ETFs set to launch has sparked a surge in Ethereum’s price. Bloomberg analyst Eric Balchunas revealed that these ETFs could begin trading by July 23, leading to positive speculation and anticipation in the market. Expected Inflows and Predictions Crypto research firm K33 predicts that the Spot Ethereum ETFs
Cryptocurrency giants like Coinbase, Ripple, and Andreessen Horowitz (a16z) have taken a significant step by sending representatives to the Republican National Convention (RNC) and the upcoming Democratic National Convention (DNC). This move showcases their commitment to engaging with lawmakers from both political parties to advocate for policies that are favorable to the crypto industry. The
JP Morgan, a prominent American multinational finance company, has recently expressed optimism about the future performance of Bitcoin, despite recent bearish trends in the market. The bank has provided a timeline for the conclusion of ongoing BTC liquidations, forecasting a potential rebound in the market. According to a research report released by JP Morgan, the
The recent surge in XRP price has caught the attention of many in the cryptocurrency sector. With the global market capitalization of cryptocurrencies exceeding $2.4 trillion, XRP has stood out as one of the best performers. It recorded a 27% price increase over the past week, surpassing other major digital assets like Bitcoin, Ethereum, and
In the 2024 presidential election, it is clear that cryptocurrency has become a significant factor in shaping voter opinions. Recent polls have shown that a substantial number of Republicans have shifted their views on Donald Trump due to his newfound support for cryptocurrencies. This change in stance has influenced 13% of Republicans who initially did
The upcoming United States elections set for November have the potential to reshape the American crypto industry. This is mainly due to the conflicting views of candidates on digital assets. As the race heats up, it is becoming apparent that crypto voters could play a pivotal role in determining the outcome of key races, especially