A multinational asset management giant has reportedly submitted the first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) in Hong Kong. Harvest Fund Management applied to the Securities and Futures Commission (SFC) of Hong Kong, according to a recent report from the Chinese media outlet Tencent News. Tencent also reports that the regulator hopes …
Monthly archives: January 2024
Xsolla Founder Shurick Agapitov Releases New Book ‘Once Upon Tomorrow,’ a Visionary Take On the Metaverse and Its Impact on Global Creativity
January 30, 2024 – Sherman Oaks, California Shurick Agapitov, a visionary author and the founder of Xsolla, unveiled his groundbreaking new book, ‘Once Upon Tomorrow,’ today. This pioneering work offers a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives. Agapitov’s book is a thought-provoking journey into the possibilities and potential of …
StanChart believes SEC will approve Ethereum ETFs in May
Standard Chartered Bank has projected that the U.S. Securities and Exchange Commission (SEC) will give the green light to spot Ethereum exchange-traded funds (ETFs) by May 23, The Block reported Jan. 30, citing a research report. This expectation mirrors the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs. Ethereum’s …
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Non-custodial fiat off-ramp now available in crypto wallets via Visa debit
Crypto and NFT payments infrastructure company Transak has partnered with Visa to integrate Visa debit capabilities into its global off-ramp service. This move increases the options for crypto-to-fiat off-ramps, allowing users in over 145 countries to convert their crypto holdings into local fiat currencies. Using a product called Visa Direct, Transak will allow the fluid …
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German authorities seize record $2.17 billion in Bitcoin from piracy website
German authorities successfully confiscated 50,000 Bitcoin, valued at $2.17 billion, in mid-January from a piracy website, according to a Jan. 30 statement from the Saxony Police. The seizure is linked to an ongoing investigation into suspected unauthorized commercial exploitation of copyrighted works under the Copyright Act and subsequent commercial money laundering. The Federal Criminal Police …
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Abracadabra Finance’s MIM stablecoin falls from peg after $6.5M hack
Digital assets associated with the decentralized finance (DeFi) project Abracadabra Finance, including its Magic Internet Money (MIM) stablecoin, values fell after its team confirmed an exploit of the platform. In a Jan. 30 post on social media platform X (formerly Twitter), the project’s team acknowledged an ongoing exploit involving certain Ethereum cauldrons. “Our engineering team …
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Grayscale crypto holdings up $1.2 billion since last week as Bitcoin surges
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Binance allows customers to custody trading collateral off exchange as market share recovers
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Two Things Stand in the Way of Tokenization of Real World Assets, According to VanEck CEO
A couple of big issues stand in the way of real-world asset tokenization, according to the chief executive of the global investment management giant VanEck. In a new interview with Raoul Pal, VanEck CEO Jan van Eck says that liquidity is a “big issue” for tokenization. “Who provides the liquidity? Anyone can theoretically tokenize anything. …
Palantir Co-Founder Says One Type of Buyer Could Be Very Important for Bitcoin, Ethereum and Solana
The co-founder of software giant Palantir Technologies thinks one type of buyer could introduce a new wave of demand for the crypto markets going forward. Joe Lonsdale says in a new interview with CNBC that artificial intelligence (AI) agents could rely on crypto as it expands across society. “There’s not going to be a whole …
Crypto Whales Back to Holding More Than Half of Combined Stablecoin Supply: Santiment
A leading crypto analytics firm says the largest whales in the industry are busy loading up on dollar-pegged digital assets. Santiment says on the social media platform X that the combined market capitalization of the six largest stablecoins including Tether (USDT), UDSC, Dai (DAI), BUSD, TrueUSD (TUSD) and Pax Dollar (PUSD) has risen by $9.42 …
New zero fee standard for Bitcoin ETFs creates cheap custodial alternative to exchanges
The competition among spot Bitcoin ETFs is seriously heating up with Grayscale outflows declining, but now, so are the fees being charged by the Newborn Nine. Shortly before the final SEC approval of the swathe of spot Bitcoin ETFs, which entered the market earlier this month, several ETF issuers dropped their fees in last-minute filings. …
Fidelity inflows smash Grayscale outflows as $255 million Bitcoin enters US market
Grayscale’s Bitcoin Trust (GBTC) is experiencing a slowdown in outflows, with just under $200 million withdrawn from the fund on Jan. 29. Data from BitMEX Research indicates a total outflow of around $192 million during this reporting period. Notably, this marks the lowest outflows since the fund’s inception, surpassing only the initial day of trading …
The Biggest Altcoin Opportunity Now Approaching, According to Analyst Jason Pizzino – Here’s His Outlook
Crypto analyst Jason Pizzino is predicting that altcoins will see explosive gains within months based on a historic pattern. In a new strategy session, Pizzino tells his 308,000 YouTube subscribers that the total crypto market cap, excluding Bitcoin (BTC) and Ethereum (ETH), may repeat the last cycle’s pattern and enter a huge uptrend after the …
Great technology is invisible: Unveiling the seamless future of blockchain applications
Have you ever manually chosen between Azure and AWS when browsing X – or picked a payment processor to reroute your online Apple Pay transactions to? Do you check the SSL certificate of AliExpress or Amazon to make your shopping more secure? Great technology is invisible. Steve Jobs had it right years ago when he …