Hong Kong, a financial hub with a burgeoning interest in cryptocurrency, is undergoing a regulatory shakeup. The Securities and Futures Commission (SFC) has flexed its muscles, forcing unlicensed crypto businesses to exit the market and tightening the grip on those seeking licenses. Related Reading: Changing Of The Guard? NYSE President Acknowledges Bitcoin’s Staying Power Unlicensed

Bitcoin sharks and whales are relentless in accumulating the flagship crypto despite its unimpressive price action. These categories of investors are seen to have increased their Bitcoin positions in the last five months. This is undoubtedly bullish for the Bitcoin ecosystem and could soon have an effect on Bitcoin’s price.  Related Reading: Elon Musk Shuts

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related

A new crypto report has disclosed that the number of people who own digital assets has surpassed 6.8%. This surge in adoption comes ahead of the highly anticipated crypto bull run, with many seeing cryptocurrencies as a valuable form of investment.  Crypto Adoption Skyrocket In 2024 On May 24, digital asset service provider Triple A

The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level.  Shibarium Sees Spike In Total Value Locked Data from DeFiLlama shows that the

Quick Take The Ethereum to Bitcoin (ETHBTC) ratio recently hit 0.046, a low not seen since April 2021, briefly revisiting levels from April 2024. This downward trajectory highlights Ethereum’s ongoing struggle against Bitcoin’s dominance in the digital assets market. The ETHBTC pair is down 30% in the past year and over 11% year-to-date. Market movements
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The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down. These meme assets’ upsurge can be attributed to the unexpected reemergence of Keith Gill, also known as Roaring Kitty and DFV, who played a pivotal role in initiating
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Quick Take Bitcoin remains the primary indicator of global liquidity, with its price movements often preceding those of other risk-on assets. This dynamic was evident in the recent market cycle, as Bitcoin hit an all-time high on March 13, coinciding with the biggest ETF inflow since launch on March 12, over $1 billion, and the
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The State of Wisconsin Investment Board (SWIB) and others reported investments in spot Bitcoin ETFs. In a May 14 filing, SWIB disclosed 2.5 million shares of BlackRock’s IBIT worth $99.1 million and 1.0 million shares of Grayscale’s GBTC worth $63.7 million. The investment makes SWIB the second-largest holder of IBIT after Bracebridge Capital. SWIB is
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Changpeng Zhao, the enigmatic founder of cryptocurrency giant Binance, has sparked a firestorm of speculation with a recent social media post hinting at a potential career shift. Following a legal battle with the US Department of Justice that concluded with a surprisingly lenient sentence, CZ, as he’s known in the crypto world, may be trading