As the technology industry continues to rapidly evolve, the Asia Pacific region (APAC) has emerged as a powerhouse of innovation. Countries like Singapore, Hong Kong, and Japan have been at the forefront of embracing Web3 technologies. Their progressive regulatory stance has played a crucial role in shaping the future of the industry. For instance, Singapore
Bitcoin’s futures market is currently showing signs that have historically indicated bullish sentiment. Analysts are focusing on the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data shows that this basis has climbed to unprecedented levels since Bitcoin’s peak of $69,000 in November 2021. According
Bitcoin experienced heightened volatility towards the end of the business week, with a significant drop of $8,000. However, it has managed to recover some of the losses since then. The week started off with several price fluctuations as well, as Bitcoin first dropped to $67,000 before experiencing a massive surge that led to a new
Grayscale has made significant updates to its regulatory filing to convert its Ethereum Trust into a spot exchange-traded fund (ETF). The company’s amendment on March 15 reinforces its previous filing by providing additional evidence to support the argument for market surveillance and correlation in the spot Ethereum market. Market Correlation Analysis The latest amendment from
In a surprising move earlier this year, Binance Labs, the venture capital and incubation arm of the world’s leading crypto exchange Binance, announced that it was spinning off from its parent company. This development marks a significant shift during CEO Richard Teng’s tenure, with the website now clearly stating its independence from the Binance Group.
In a strategic move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity separate from the Binance Group. This development, first highlighted by Bloomberg in a recent report, signifies a significant shift in the structure and focus of the renowned crypto exchange’s investment division. The decision to restructure Binance
In a world where technology constantly pushes the boundaries of innovation, 5thScape emerges as a pioneer in the realm of virtual and augmented reality. This first-of-its-kind crypto-powered project is not just another VR/AR platform, but a groundbreaking ecosystem that integrates tokenization to provide users with a superior reward experience. With a staggering $1.15 million already
The recent sentencing memorandum filed by federal prosecutors sheds light on the extensive financial fraud committed by FTX founder Sam Bankman-Fried. The request for a prison sentence of 40 to 50 years highlights the gravity of his actions, which involved the misappropriation of over $8 billion of customer funds. This revelation not only exposes the
Private wealth management firm, Bernstein, has recently reaffirmed their prediction for Bitcoin’s future value. Analysts Gautam Chhugani and Mahika Sapra have expressed their belief that Bitcoin has the potential to reach $150,000 by the year 2025. This forecast is based on the recent surge in Bitcoin prices, with the cryptocurrency hitting new all-time highs above
The Chief Legal Officer at Coinbase, Paul Grewal, recently addressed a letter written by Senators Jack Reed and Laphonza Butler, criticizing their plea to the SEC for stricter regulations on Bitcoin exchange-traded funds (ETFs). Grewal argued that the evidence actually supports the need for expanding the ETF market to include assets beyond Bitcoin, highlighting the