By Sharan Kaur Phillora Hong Kong’s financial markets witnessed a historic moment with the debut of Asia’s first spot bitcoin and ether exchange-traded funds (ETFs) managed by China Asset Management, Harvest Global, and Bosera/HashKey. Despite the anticipation, the launch was perceived as underwhelming when compared to the explosive start of similar ETFs in the United […]

By Anjali Kochhar Changpeng Zhao, the founder of Binance, often known as CZ, was given a four-month prison sentence for permitting terrorist organizations and cybercriminals to operate on the Binance platform. Tuesday was the sentence in Seattle, under the direction of US District Judge Richard Jones. Despite prosecutors’ request for a three-year sentence, Judge Jones

Hong Kong’s stock market has taken a significant step forward with the launch of the first spot exchange-traded funds (ETFs) for Bitcoin and Ether, according to industry experts. Here’s what we know: This development opens new investment avenues for Chinese RMB holders, despite the ongoing prohibition of cryptocurrency trading in mainland China. The CEOs of

By Joe Pan Market narratives are everything in crypto. Few if any industries care more about market narratives than the underlying forces that can make or break a project’s fortune in this volatile space. As we head into 2024, diverging East-West narratives are emerging that could significantly shape the opportunities and flow of capital across

By Sharan Kaur Phillora Hong Kong is on the cusp of a historic moment in the cryptocurrency sector as it gears up to debut its first cryptocurrency exchange-traded funds (ETFs) tomorrow. These ETFs are projected to attract an initial capital influx of $200 to $300 million, potentially setting new records by surpassing the United States’

By Anjali Kochhar Recent announcements from Google Cloud indicate the company’s deeper entry into the Web3 market. The Web3 portal provides a wealth of information specifically designed for blockchain developers. Testnet tools, blockchain datasets, and tutorials for the developing decentralised ecosystem are all featured on the platform. It has, however, been greeted with a mixture

April 30, 2024 By Anjali Kochhar As part of its effort to maintain transparency and strengthen its adherence to regulations, the top cryptocurrency exchange in India, WazirX, has published its much anticipated sixth transparency report, covering the months of October 2023 through March 2024. The report demonstrates WazirX’s steadfast commitment to promoting a safe virtual

April 30, 2024 By Sharan Kaur Phillora China Asset Management, alongside Harvest International and Bosera Fund, has been greenlit by the Hong Kong Securities Regulatory Commission to launch spot Bitcoin and Ethereum ETFs. Here’s what we know: Among these, China Asset Management’s ETF stands out with a relatively high annual expense ratio of 1.99% compared

April 29, 2024 By Sharan Kaur Phillora The tax authorities of Indonesia and Australia have joined forces to enhance the management and taxation of cryptocurrency assets through a new information-sharing agreement. The Memorandum of Understanding (MOU) signed between the Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) marks a significant step

April 29, 2024 By Anjali Kochhar BRICS, an organization of five major rising countries (Brazil, Russia, India, China, and South Africa), is increasing efforts to lessen reliance on the US currency in international commerce. A recent development has revealed intentions for a stablecoin effort within the union, generating debate about its possible impact on the