Hong Kong SFC Sees Increase in Crypto License Applications
The Hong Kong Securities and Futures Commission (SFC) has received 18 applications for crypto virtual asset trading licenses from domestic and international bodies in over two months. Hong Kong SFC granted Huobi HK, the Hong Kong subsidiary of the Huobi cryptocurrency exchange, a license to operate a trading platform for virtual assets on February 20, […]
Sports Illustrated (SI) Moves NFT Ticketing Platform to Avalanche Blockchain
The ticketing division of Sports Illustrated (SI), an American sports magazine, has announced that it will transition its “Box Office” nonfungible token (NFT) ticketing platform from the Polygon blockchain to Avalanche. SI Tickets announced a partnership with Ava Labs, the progenitors of the Avalanche network, on February 20. The collaboration will enable the NFT ticketing […]
Research Shows Emojis Can Predict Positive Crypto Trading Outcomes
Recently, a multidisciplinary group of European and Asian researchers investigated whether positive cryptocurrency trading outcomes could be predicted using only emoji sentiment on social media. Positive sentiment-associated emojis accurately predicted positive market movement, according to the preprint research paper of the team: “The strong predictive link between high positive sentiment levels and subsequent BTC price […]
Ethena Labs Receives $14M in Funding for ETH-based Synthetic Dollar
Ethena Labs has received $14 million in financing from various crypto industry venture capitals for an Ethereum-based synthetic dollar. Among other investors, venture capital firm Dragonfly provided the financing that Ethena’s team disclosed on February 16. The startup secured $6 million in an earlier round of funding in 2023 from Binance Labs, Gemini, Bybit, Mirana […]
Digitex Futures CEO Faces Charges for Violating Bank Secrecy Act
Federal authorities in the United States have filed charges against Adam Todd, the founder and chief executive officer of Digitex Futures Exchange, on suspicion of violating the Bank Secrecy Act through his failure to establish and execute an Anti-Money Laundering (AML) program. Critical to the struggle against financial crimes is the Bank Secrecy Act (BSA). […]