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The latest Messages 9

2024-02-03 22:21:29
Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.

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@TradeCryptoNow
101.3K views19:21
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2024-02-03 12:11:09
Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This milestone highlights the growing challenges and computational demands faced by miners in the Bitcoin network as the next halving looms.

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@TradeCryptoNow
113.3K views09:11
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2024-02-02 20:29:01
Solana registers all-time high in monthly new addresses for January

There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard. The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.

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@TradeCryptoNow
85.3K views17:29
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2024-02-02 11:21:04
Spot Bitcoin ETF options could be approved as late as December 2024

Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1. Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December 2024.

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@TradeCryptoNow
128.7K views08:21
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2024-02-01 20:46:37
Bitcoin ETFs sees $197 million inflow, BlackRock and Fidelity lead the charge

Day 14 for the new Bitcoin ETFs marked another day of net inflows, with a considerable $197 million entering the market on Jan. 31, according to Whale Panda. This marks the fourth successive trading day of net inflows, underlining a trend in the market’s dynamic. Among the prominent contributors, BlackRock’s IBIT showed a strong performance, with net inflows of $116 million, according to Whale Panda, boosting its total to an impressive $2.8 billion.

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@TradeCryptoNow
71.9K views17:46
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2024-02-01 10:11:03
Hong Kong authorities investigating Worldcoin over data privacy concerns

The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has initiated an investigation into Worldcoin over data privacy concerns related to its collection of biometric data, according to a Jan. 31 press release. The PCPD said it executed court warrants to enter six Worldcoin premises on Jan. 31 in Yau Ma Tei, Kwun Tong, Wan Chai, Cyperport, Central, and Causeway Bay.

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@TradeCryptoNow
91.0K views07:11
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2024-01-31 21:09:59
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing. The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers. The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.

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@TradeCryptoNow
86.4K views18:09
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2024-01-31 10:09:59
Grayscale crypto holdings up $1.2 billion since last week as Bitcoin surges

Bitcoin outflows from the Grayscale Bitcoin ETF, Bitcoin’s recent surge from $39,900 to over $43,500 has seen the value of Grayscale’s crypto holdings grow by $1.25 billion since the end of last week. While roughly 18,000 BTC has left the fund since Friday, as per Arkham Intelligence data, the price increases across the board offset this. Grayscale’s Bitcoin holdings are up $968 million, while its Ethereum holdings are up $298 million.

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@TradeCryptoNow
129.0K views07:09
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2024-01-30 20:42:01
SEC likely to approve spot Ethereum ETFs on May 23: Standard Chartered Bank

The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.

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@TradeCryptoNow
71.3K views17:42
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2024-01-30 11:29:00
Harvest Fund Management Hong Kong submits an application for a spot Bitcoin ETF, according to Tencent News

@TradeCryptoNow
88.1K views08:29
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