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Potential Expansion of Hong Kong’s Bitcoin ETFs

Recent remarks by Richard Byworth, Managing Partner at SyzCapital, have ignited social media discussions concerning the prospective accessibility of Bitcoin ETFs, now listed in Hong Kong, to mainland Chinese investors. Byworth’s tweet alluded to discussions on including these ETFs in the Stock Connect system, which may significantly expand investment opportunities for mainland Chinese capital into […]

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Ripple’s Strategic Expansion in Japan: Collaborating with Hashkey DX

Ripple Labs has teamed up with Hashkey DX, a significant participant in the fintech market in Japan. Japanese markets will be exposed to enterprise solutions powered by the XRP Ledger (XRPL) through this strategic partnership. Hashkey DX and Ripple stated that the partnership seeks to provide Japanese businesses with cutting-edge financial tools powered by blockchain […]

Blockchain News

Ripple Breaks Ground in Japan with SBI Group

Announcing a cooperation with HashKey DX to deliver XRPL blockchain solutions for supply chain financing, Ripple has started a new initiative in Japan. SBI Group will be the first Japanese business to use XRPL’s cutting-edge platform through this partnership. Through the agreement, the Japanese supply chain and financial sectors hope to increase speed, cut costs, […]

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The Rise of Bitcoin ETFs Down Under: Australia’s Crypto Shift by 2024

Australia is poised for a meaningful financial transformation as exchange-traded funds (ETFs) backed by Bitcoin are expected to be approved by the end of 2024. As a result of the successful launch of comparable financial products in the US and Hong Kong, Australian financial institutions and market authorities are prepared to embrace this new source […]

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BlackRock’s Revised Ethereum ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has opened a public consultation period about BlackRock’s updated proposal for an Ethereum exchange-traded fund (ETF) with spot prices. With this new plan, the paradigm of cash transactions replaces the direct Ethereum exchange, which is a significant departure from the old structure. This modification aims to bring the […]

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Crisis at the SEC: Resignations and Reprimands

The U.S. Securities and Exchange Commission (SEC) is facing internal discord and public scrutiny in an unexpected turn of events. This comes after the agency was severely sanctioned by a federal judge, which led to the departure of two well-known solicitors, Michael Welsh and Joseph Watkins. The SEC was accused of making false claims and […]

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Runes Protocol Ignites Economic Boom for Bitcoin Miners

A significant financial boost for Bitcoin miners has resulted from the recent halving of Bitcoin and the concurrent creation of Casey Rodarmor’s Runes protocol. Network activity has surged dramatically thanks to the Runes protocol, which improves Bitcoin’s functionality by permitting the creation of digital tokens like those on Ethereum’s network. Record transaction fees have resulted […]

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Korean Won Edges Out US Dollar as Top Fiat Currency in Crypto Trading

The South Korean Won (KRW) has lately eclipsed the US Dollar (USD) as the main fiat currency regarding trading volume on centralised exchanges, marking a significant shift in the global cryptocurrency industry. The Korean Won enabled transactions totalling more than $456 billion in the first quarter of 2024, according to recent research by the financial […]

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Grand Base Heist: Key Exposure Leads to $1.7 Million Loss

Grand Base, a platform specifically on Coinbase’s layer-2 blockchain, has disclosed a serious security breach that cost them $1.7 million in lost revenue. This incident, which resulted from an exposed private key, caused money to be stolen and its native token’s value to plummet by 99% in a single day. Urgent requests for significant security […]

Blockchain News

Coinbase Seeks Early Appeal in SEC Case

With 73 million users, Coinbase is the biggest cryptocurrency exchange in the United States. It filed an interlocutory appeal in its high-stakes legal dispute with the US Securities and Exchange Commission (SEC). The motion, filed on April 12, asks for a judicial review of a critical legal issue supporting the SEC’s allegations that Coinbase functions […]

Blockchain News

Paradigm Leads $225M Investment in Ethereum Rival Monad Labs

Venture capital company Paradigm led a $225 million fundraising round for Monad Labs, a new Layer 1 (L1) network ready to take on existing heavyweights like Ethereum and Solana, in a significant development for the blockchain space. With this funding, Monad Labs is taking an essential step towards its goal of redefining the blockchain industry […]

Blockchain News

Chinese Funds Pursue Bitcoin ETFs in Hong Kong

Two significant Chinese institutions, Harvest Fund and China Southern Fund, are moving forward with plans to create spot Bitcoin exchange-traded funds (ETFs) in Hong Kong, a noteworthy step in the cryptocurrency investment scene. This calculated action is being taken when interest in spot Bitcoin ETFs in the US is dwindling, as the weekly inflows into […]

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