Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
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The cryptocurrency market has been experiencing a significant downturn, with Ethereum (ETH) being one of the casualties. In the past week, ETH has seen a 9% decline, dropping to $3,130. Market observers are now closely monitoring key levels that need to hold to avoid further losses and increased liquidation rates. Analysts, like “Inspo Crypto,” are
Bitwise, an asset management firm, has recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes following statements made by SEC Chair Gary Gensler regarding the potential approval of spot Ether ETFs
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a unique opportunity to gain exposure to a selection of popular meme coins through a single contract. The MEMEMEXTUSDT Basket Index Perpetual Swap Contract, also referred to as the “S&P500
Samuel Edyme, also known by his intriguing nickname HIM-buktu, is a multi-talented individual with a diverse skill set. As a web3 content writer, journalist, and aspiring trader, Edyme has established himself as a prominent figure in the crypto space. Through his work with reputable platforms such as AMBCrypto, Blockchain.News, and Blockchain Reporter, he has showcased
Recently, South Korea’s Financial Supervisory Service (FSS) has announced its plans to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to establish a more secure and transparent environment for cryptocurrency trading. In a notice released on July 4, the
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
Ripple is leveraging a recent court ruling regarding Binance’s BNB token to push back against severe penalties imposed by the SEC for the sale of XRP, citing the lack of regulatory clarity in the crypto space. The company believes that the ruling on Binance’s case supports their stance that the alleged illegal sales of XRP
The recent crash in the crypto market has sent shockwaves throughout the industry, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, many traders have found themselves in a precarious position, leading to significant losses in just the last day. The market-wide panic has caused tens of thousands of traders
The price of Ethereum (ETH) is currently facing a significant downturn, with the price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and a growing bearish sentiment in the market. Traders are now closely monitoring Ethereum’s behavior to determine whether it will stabilize or experience a