Crypto Enthusiast Joseph Tsai to Chair Alibaba
Joseph Tsai, the co-founder and executive vice chairman of Alibaba, will become the new chairman of the Chinese e-commerce giant in September. Tsai is known for his interest and investment in crypto, which could signal a positive outlook for the industry in China. About Joseph Tsai Joseph Tsai is one of the co-founders of Alibaba, […]
Bitcoin to Rise Despite TGA Refill, Says BitMEX Co-Founder
BitMEX co-founder Arthur Hayes is optimistic about Bitcoin’s price prospects, as he believes the US Treasury’s TGA refill has not affected the US dollar liquidity and risk markets. The US government’s Federal Reserve Treasury General Account (TGA) uses this account to manage its cash flows and payment of bills. The TGA refill is the process […]
XRP Eyes $3.3 After Breaking Downtrend
XRP, the native cryptocurrency of the Ripple network, has finally overcome a long-term resistance line that has been holding it back since April 2021. This breakout, according to a prominent analyst, could pave the way for a massive 576% rally to $3.3. XRP’s Long-Term Resistance XRP has been trading below a downward trendline that started […]
Binance Launches Spot DCA Feature to Simplify Crypto Trading
Binance has launched a new Spot DCA (Dollar-Cost Averaging) feature that allows users to automate their trading strategies and achieve a better average price for their assets. Spot DCA is an investment strategy that involves buying or selling an equal amount of assets regularly at different price points. It aims to mitigate market volatility and […]
Hong Kong’s Cyberport Sees Web3 Boom with Government Help
Cyberport, a government-backed tech hub in Hong Kong, has seen a surge of over 150 web3 firms joining its ecosystem in the past year. The Finance Secretary has allocated $6.39 million to Cyberport to foster web3 innovation, as Hong Kong aims to be a global leader in the digital economy. Cyberport is a digital hub […]