Futu Securities International, the largest online broker in Hong Kong, has recently ventured into retail cryptocurrency trading in the city-state. This move aims to attract investors by offering shares of popular companies like Alibaba Group Holding and Nvidia. This development allows residents of Hong Kong to easily trade bitcoin and ether using either Hong Kong
In the world of decentralized finance (DeFi), the Solana network made headlines recently by outpacing Ethereum in monthly decentralized exchange (DEX) volume in July. Data from DefiLlama revealed that Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume marks Solana’s second-highest monthly volume, following
The cryptocurrency market has been witnessing a significant development in terms of large transaction volume, particularly with Cardano (ADA) competing with Ethereum in this aspect. Data from market intelligence platforms like IntoTheBlock and Santiment confirms that Cardano has been experiencing a surge in large transaction volume, indicating a wave of accumulation among the token’s large
Recently, the price of XRP has experienced a significant drop from $0.66 to around $0.56. This decline has raised concerns within the cryptocurrency community, with many speculating about the potential for further downtrend. The bearish pattern observed on the XRP/BTC pair has added to the pessimism, indicating a possible continuation of the negative trend. Veteran
Recently, Bybit, a popular crypto exchange, has announced the termination of its operations in France due to regulatory complications. The exchange cited issues with obtaining necessary licenses from the French regulator as the primary reason for this decision. This move has been met with disappointment from French investors who were using the platform for their
Recently, crypto exchange Coinbase has been under fire for allegedly breaching campaign finance laws. The controversy arose when crypto researcher Molly White raised concerns about a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). These allegations have sparked a debate about the legality of the donation and its
In an exclusive interview, Joey Garcia, the Director and Head of Regulatory Affairs at Xapo Bank, shared his extensive experience and insights into the evolution of cryptocurrency regulation. Garcia’s journey began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite initial challenges and resistance, Garcia
The recent performance of Ethereum has not been particularly impressive, with a 3% loss in the past week. The inability to maintain support at $3,300 has shifted the current support level to $2,800. This downward trend has been exacerbated by a bearish market sentiment, as indicated by the MACD and RSI indicators. Sellers are currently
The decentralized finance (DeFi) sector has been experiencing a resurgence, with notable growth in key metrics such as active loans and total value locked (TVL) from their lows in 2023. DeFi lending, a crucial aspect that allows investors to lend their crypto assets in exchange for interest, serves as an important indicator of DeFi participation
Former US President Donald Trump has recently made waves in the cryptocurrency world by giving a significant endorsement of Bitcoin. This move comes as he prepares for a potential return to the White House in 2024. Trump’s newfound support for Bitcoin has not gone unnoticed, with the launch of Trump-themed Bitcoin sneakers just a few