In a breakthrough development, Binance, one of the leading cryptocurrency exchanges, has unveiled a solution that allows institutional investors to secure their trading collateral through a third-party banking partner. This innovative arrangement, called “banking triparty,” aims to address the primary concern of counterparty risk, which has been a significant consideration for institutional investors. After two
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The demand for spot Bitcoin exchange-traded funds (ETFs) has been growing rapidly, and Hong Kong is not willing to be left behind. Harvest Fund Management’s Hong Kong branch has recently applied for a spot Bitcoin ETF with local regulators, signaling the city’s readiness to embrace this new investment avenue. As the first wave of spot
EU-based cryptocurrency firms have received new guidance from the European Securities and Markets Authority (ESMA) regarding their ability to serve non-EU customers. The guidance, released on Jan. 29, outlines the extent to which third-country firms can offer crypto-asset services to clients outside of the EU. This article will examine the implications of ESMA’s guidance and
The highly anticipated sale of Taproot Wizards’ Bitcoin Ordinals NFTs did not go as planned. Technical glitches led to a delay in the sale, causing frustration among eager users. Despite the setback, Taproot Wizards remains a promising project in the world of NFTs on Bitcoin. Taproot Wizards’ debut sale of around 3,000 digital cats was
Crypto analyst and long-term crypto investor Jelle has made an intriguing observation regarding Bitcoin’s performance in February. According to Jelle, there seems to be a historical pattern where February turns out to be a bullish month for Bitcoin after a bearish January. This finding comes as a relief for BTC investors who may have experienced
In the fast-paced world of cryptocurrency, the SPX token has recently experienced an astronomical surge of +26,568%, making it a hot topic among investors. This impressive price pump aligns with the current trend of explosive moves seen in various Solana meme coins such as ‘2024,’ ‘SOLAREUM,’ ‘Joe on SOL,’ ‘BINK,’ ‘BONG,’ ‘MUSK,’ ‘FLUB,’ ‘PUMA,’ ‘HOPPY,’
The United States Financial Industry Regulatory Authority (FINRA) has recently come forward with some alarming statistics regarding the state of communication within the cryptocurrency industry. According to a report released by FINRA, approximately 70% of retail communications related to cryptocurrencies are in violation of its rule against misleading claims. This finding raises concerns about the
In the fast-growing world of non-fungible tokens (NFTs), one of the biggest challenges is the fragmentation caused by different blockchain networks. Each network has its own rules and processes, making it overwhelming for creators and collectors to manage their digital assets across multiple chains. This fragmentation leads to confusion, reduced liquidity, and limited connectivity in
The year 2024 has been a rollercoaster ride for Bitcoin so far. From the SEC’s approval of spot Bitcoin ETFs to the cryptocurrency’s recent price underperformance and selloffs from the Grayscale BTC Trust, there have been several significant events. However, amidst all the chaos, on-chain data has revealed an interesting pattern of strategic accumulation among
The security and blockchain auditing firm, CertiK, which is renowned for its comprehensive approach to securing digital assets and decentralized technologies, has found itself becoming a victim of scams and exploitation. Despite its expertise in detecting and preventing security breaches, scammers have managed to leverage the CertiK brand to spread misinformation and defraud unsuspecting users.