The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards on the sale and distribution of tokenized financial products by authorized institutions. The goal of these standards is to promote innovation while safeguarding consumer protection in the rapidly growing field of tokenization. This innovative technology involves digitizing real-world assets (RWA) using distributed ledger technology,
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Bernstein, a global asset management firm, recently expressed confidence in the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC). The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum has a strong chance of being the second digital asset after Bitcoin to receive a Spot ETF approval
Wall Street Memes has recently implemented a major new burn mechanism that has set ablaze 5% of the $WSM token supply. This move marks the beginning of an exciting deflationary force in the dynamics of the $WSM token. Originally, developers had planned for a 10% buyback of Net Gaming Revenue, but they have now shifted
The Bitcoin open interest has experienced a significant surge in recent weeks as the price of the cryptocurrency continues to climb. This spike in open interest is a clear indication of the growing interest in Bitcoin, particularly following the approval of Spot Bitcoin ETFs for trading by the SEC in the United States. As per
Recently, the popular cryptocurrency exchange Binance made an announcement regarding the discontinuation of trading and subscription services for its leveraged token offerings. This decision affects tokens such as Bitcoin, Ethereum, and BNB Coin, with the deadline set for Feb. 28. The exchange plans to delist these tokens and stop redemption by April 3. Among the
Bitcoin (BTC) has recently surpassed the $50,000 mark, showing a significant increase in its value since December 2021. The cryptocurrency is currently trading above $51,900, indicating a positive trend in the market. Analysts from CryptoQuant have linked this surge to the approval of spot Bitcoin exchange-traded funds (ETFs), which have attracted high demand from investors.
The landscape of the US Bitcoin industry is currently facing an uncertain future as various factors come into play, threatening to shift the paradigm in a way that may not be favorable for the industry as a whole. With the looming presence of a Bitcoin ETF controlled by major financial institutions and the potential legislation
Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Bitcoin mining difficulty has been steadily increasing over the past several years, with no signs of slowing down. Just recently, the metric soared to a new all-time high of over 81T, marking an 8.2% increase. This rise showcases the network’s robustness, particularly as the fourth halving approaches. Despite challenges like the Chinese ban on crypto
Exverse, a rising star in the gaming industry, recently announced that it has successfully secured $3 million in a private funding round. The company is dedicated to revolutionizing the AAA first-person-shooter genre by utilizing Web3 technology to deliver a cutting-edge gaming experience. Unlike many other Web3 gaming models that prioritize tokenomics and marketing over game