Author: NBTC
HKbitEX, known formally as Hong Kong Digital Asset Trading Group Co., Ltd., was granted preliminary approval for a Virtual Asset Trading Platform (VATP) license by the Hong Kong Securities and Futures Commission (SFC). This approval encompasses Type 1 (securities trading) and Type 7 (automated trading services) regulated activities under the Securities and Futures Ordinance (SFO). With this in-principle nod, HKbitEX is set to enhance the virtual asset trading landscape, offering both automated and over-the-counter trading solutions for digital currencies such as Bitcoin and Ethereum according to a press release by the firm. This move also paves the way for the…
Yesterday something curious happened: the news came out that a whale moved a large amount of Bitcoins that had not moved since 2010, but when this news spread, the price of BTC did not react at all. Usually news like this spreads some apprehension in the market, but this time it has been completely ignored. This seems to show that the price of Bitcoin is once again going its own way at the moment, until the halving on April 20th. Bitcoin moved by the whale and the price reaction The movements of the whale The price of Bitcoin Bitcoin moved…
DAMN, a freshly launched meme coin on Shiba Inu (SHIB) blockchain Shibarium, has gained massive traction, becoming one of the hottest coins on market tracker DEXTools. The Shiba Inu community has welcomed a meme coin DAMN, otherwise called SOL Killer, as the token launched on the ecosystem blockchain. This meme coin went live for trading yesterday and has soared by over 39%. DAMN has generated significant buzz in the Shiba Inu community amid its launching on Shibaium and its moniker “SOL Killer.” This naming suggests the meme coin sets out to defeat similar tokens on the Solana blockchain that have…
A lack of regulation “creates significant loopholes for both criminals and terrorists to exploit” and is “a call to action that we need countries to take this problem seriously,” Financial Action Task Force President T. Raja Kumar said in an interview with CoinDesk. FATF published a new report evaluating jurisdictions on their crypto regulation after a 12-month process involving FATF’s 39 members and 20 jurisdictions that aren’t members. Fewer than 30% of jurisdictions around the globe had started regulating the crypto sector as of June 2023, Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview…
OKX’s global chief compliance officer, Patrick Donegan, left in January after just six months in post. Donegan, whose responsibilities included anti-money laundering, managed a team of 300. The global chief compliance officer and head of anti-money laundering efforts for OKX, Patrick Donegan, left his role at the second-largest cryptocurrency exchange after just six months in the job, according to his LinkedIn profile. Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with “skills in creating policies and…
Next month’s reward halving could add to the ETF tailwinds for bitcoin, the report said. Spot ETFs could become a more meaningful contributor to bitcoin’s price action. BTC miners show signs of decoupling from the cryptocurrency’s price as the halving event raises questions about profitability, Canaccord wrote. The more than 60% rally in bitcoin (BTC) in the first quarter was driven mainly by the approval of spot exchange-traded funds (ETFs), the impending reward halving and an appetite for increased risk in financial markets, broker Canaccord Genuity said in a research report on Thursday. “While the macro outlook and timing of…
An unknown whale address has realized up to $23.5 million from investing in Shiba Inu in under two months. The cryptocurrency market has been declining over the past few days as investors take profits across the board. In one such eye-catching move to realize profits, on-chain data spotted a Shiba Inu whale that may have realized as much as $23.5 million from trading the cryptocurrency in just two months. As the data shows, the whale began accumulating Shiba Inu on January 8. At the time, Shiba Inu traded around $0.000009, with the whale procuring and withdrawing as much as 1.44…
Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, a staggering fall from grace for the 32-year-old entrepreneur. The rise and fall of Sam Bankman-Fried The trajectory of Bankman-Fried’s rise and fall encapsulates the volatile nature of the crypto market and underscores the importance of transparency and accountability in the industry. Just four months…
While the spotlight often falls on Asia and North America when discussing cryptocurrency adoption, Western Europe has been making significant strides in embracing digital assets. In a recent report, Bitget Research has shed light on European countries’ crucial role in the global cryptocurrency market. The region, known for its developed economies and open-minded populace, has emerged as a key player in the crypto industry, with daily trading participants ranging from 1.2 million to 1.5 million. Among the eight Western European countries studied, Germany and France stand out as the most active hubs for cryptocurrency activities. According to the report, these…
On March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold. According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11. This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25. Bitcoin ETF flow table | Source: Farside Investors Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw…