Hong Kong SFC to Expand Crypto Licensing By Year-End
The Hong Kong Securities and Futures Commission intends to issue several new cryptocurrency licenses by the end of the year. Eleven cryptocurrency platforms are now being evaluated for licenses. Liang Fengyi, CEO of the China Securities Regulatory Commission, disclosed that the SFC will award licenses to Virtual Asset Trading Platforms in phases during an interview with […]
Layer Secures $6m to Solve Limitations of Smart Contracts
Blockchain infrastructure firm Layer secures $6 million to give developer tools for Ethereum full-stack decentralized applications. Fabric Ventures, Arrington Capital, Stake Capital Group, and 1kx sponsored a $6 million seed round that was participated in by Layer, a blockchain infrastructure firm. The company stated in a press release that it intends to use the money […]
Crypto To Surge As Expert Anticipates Swift Fed Rate Cut Amid Strong Job Data
Crypto experts are expecting the US Fed rate cut by 25 basis points in the next months, and the market has started to surge. Crypto experts and enthusiasts anticipate two U.S. Federal Reserve rate cuts of 25 basis points each, one in November and another in December. The crypto market appears to be responding with gradual but […]
Crypto Investment Products See $147M Outflows -Coinshares
On October 7, CoinShares disclosed that crypto investment products experienced $147 million in outflows from September 29 to October 5 after inflows of nearly $2 billion in three previous weeks. Crypto products achieved $1.2 billion in inflows in a single week from September 22 to September 28, following nearly $2 billion in inflows in the […]
US HC3 Warns Against Crypto Trinity Ransomware
The United States Health Sector Cybersecurity Coordination Center (HC3) issued a warning regarding Trinity ransomware, renowned for extorting cryptocurrency from its victims. The US Health Sector Cybersecurity Coordination Center (HC3) released a profile of Trinity ransomware on October 4, a threat actor targeting sensitive data. To fool victims into installing the ransomware on their computers, […]