Hong Kong Bitcoin and Ethereum ETF to Attract $1B in Asset
Bloomberg analysts, Eric Balchunas and Rebecca Sin, predict that Hong Kong Bitcoin and Ethereum ETFs will only attract $1 billion in assets. With analyst Rebecca Sin, Bloomberg analyst Eric Balchunas has revised estimates for the prospective assets under management (AUM) of exchange-traded funds (ETFs) for Bitcoin and Ethereum in Hong Kong. The anticipated AUM for […]
Cyprus SEC Suspends FTX Europe License
Cyprus SEC has suspended the license application of FTX Europe until September 2024 following challenges in maintaining operations caused by the FTX crypto exchange collapse. Until September 2024, the Cyprus Securities and Exchange Commission (SEC) has mandated that FTX Europe refrain from providing services under the suspension of its license. Officially announcing the news on […]
Web3 Dapps in Finance: Beyond Banks and Traditional Systems
In this article, we will explore the impact of Web3 Dapps in finance and how they are reshaping the industry. The world of finance is experiencing a significant transformation with the rise of Web3 decentralized applications (Dapps). These Dapps are disrupting the traditional financial system by offering new and innovative ways to access and manage […]
New Zealand Explores Central Bank Digital Currency Issuance
The Central Bank of New Zealand is deliberating on issuing a central bank digital currency (CBDC) and aims to issue an in-house digital dollar by 2023. The issuance of CBDCs is a four-step process for the Reserve Bank of New Zealand (RBNZ), which plans to introduce an internal digital currency by 2023. Exploring high-level design options […]
Upbit Exchange Suspends Transactions Exceeding 1M Won
South Korea Upbit cryptocurrency exchange will suspend withdrawals and deposits of digital assets exceeding 1 million Korean won (approximately $721). On April 17, the cryptocurrency exchange Upbit stated in a blog post that the inability to process deposits and withdrawals was due to the suspension and termination of Ten&Ten’s Travel Rule Solution service . The […]