Category: Latest news

[ad_1] Hong Kong, a city renowned for its dynamic financial landscape, may be toying with groundbreaking changes in its digital asset approach. In a recent letter, Mr. Chen Zhihua, President of the Hong Kong Securities and Futures Association, proposed introducing an “Initial Coin Offering (ICO) mechanism” in Hong Kong. The suggestion was one of many…

[ad_1] Quick Take Data from Datamish reveals a Bitcoin market trend on Bitfinex of closing long positions during volatile periods throughout 2023. The start of the year marked the opening of roughly 100,000 BTC long positions. However, following the SVB collapse in March, approximately 12,000 BTC longs were closed. Recently, a similar number of Bitcoin…

[ad_1] The metaverse market in the United States is set to expand to a projected value of $110.44 billion by 2028, according to the latest metaverse report by Research and Markets. According to the analysis, the U.S. market, valued at $16.69 billion, is poised for remarkable growth, with a forecasted compound annual growth rate (CAGR)…

[ad_1] The bankrupt FTX estate wants to set the United States Internal Revenue Service (IRS) $24 billion claims against it to $0.00, according to a Nov. 29 court filing. Earlier in the year, the federal agency had slapped a tax bill worth around $44 billion on FTX and Alameda groups of companies, prioritizing its claims…

[ad_1] Quick Take The Bitcoin mining hash rate continues to experience a significant upturn. The decentralized Bitcoin mining pool, OCEAN, spearheaded by Jack Dorsey, is noteworthy. It has recently commenced operations, reaching an impressive 126 ph/s, or approximately 0.024% of the total hash rate network, estimated at 550 eh/s. Given its decentralized nature, projections indicate…

[ad_1] BlackRock has submitted revisions to its spot Bitcoin ETF application to the SEC in an attempt to allay the regulator’s concerns over market manipulation and broker-dealer registrations, according to meeting minutes between the asset manager and the SEC’s Division of Trading and Markets dated Nov. 28, 2023. BlackRock’s proposed solution modifies the current in-kind…

[ad_1] In a significant move towards paying billions owed to creditors, FTX has gained bankruptcy court approval to begin liquidating its $744 million worth of stakes in digital trusts managed by Grayscale Investments. FTX, embroiled in bankruptcy since last year following its collapse, has since been working under new leadership to locate assets and unravel…

[ad_1] A wallet allegedly belonging to Three Arrows Capital (3AC) co-founder Su Zhu has moved funds for the first time since his arrest months ago. Etherscan records displayed several incoming and outgoing ERC-20 token transactions to and from an address labeled suzhu.eth on Nov. 29. One outgoing transaction involved 3.75 million Gearbox (GEAR) tokens worth…

[ad_1] The Switzerland-based asset management firm Pando Asset AG has filed for a spot Bitcoin exchange-traded fund (ETF), as seen in a Nov. 29 filing, marking another addition to the growing list of such applications. The filing is an S-1 registration statement resembling similar spot Bitcoin ETF applications from other asset managers. It describes a…

[ad_1] Binance announced on Nov. 29 that it will end support for its associated Binance USD (BUSD) stablecoin starting in mid-December. Binance indicated that all spot trading pairs involving BUSD will be delisted between Dec. 11 and Dec. 15. It also said that spot trading orders and Spot Trading Bot services will be closed or…