April 22, 2024 By Sharan Kaur Phillora Hong Kong police have arrested more than 70 individuals and frozen assets close to HK$230 million in a crackdown on alleged financial fraud involving the cryptocurrency platform JPEX. Police Commissioner Raymond Siu detailed the ongoing operation during a legislative update, marking it as one of the largest financial […]

April 22, 2024 By Anjali Kochhar Binance, the world’s leading cryptocurrency exchange, is gearing up to make a comeback in India after being banned earlier this year. Sources familiar with the matter revealed to ET that Binance is prepared to pay a penalty of approximately $2 million to re-enter the Indian market. The exchange will

April 19, 2024 By Anjali Kochhar The Bitcoin halving, which occurs every four years, is set to once again impact the course of the cryptocurrency industry in 2024. The phrase “halving” refers to a drop in the rate at which new bitcoins are created, hence halving the reward for mining efforts. This process, hardcoded into

April 19, 2024 By Tsering Namgyal SDAX, Singapore’s leading Digital Assets Exchange, has expanded its product offering to include a first of its kind tokenised gold product. In partnership with the Oman-based Muscat Precious Metals Refining Company LLC, the MPMT Gold Token offers investors a gold token in a securitised form, unlike other gold token offerings currently

April 19, 2024 By Anjali Kochhar In an exclusive interview with our journalist Anjali Kochhar, Danny Stagg – Head of Growth at Paxful, speaks about how crypto exchange Paxful is making life easier for investors. Paxful is made for those who want to trade crypto directly with other people. This crypto marketplace connects buyers and

April 19, 2024 By Sharan Kaur Phillora The prospect of mainland Chinese investors participating in the newly approved Hong Kong-listed spot bitcoin ETFs has been dimmed, according to analysts at Bloomberg Intelligence. Despite the initial enthusiasm surrounding these funds, restrictions remain tight following China’s 2021 ban on cryptocurrency trading and mining. Here’s what we know:

April 18, 2024 By Anjali Kochhar The recent survey results from Mudrex, a well-known Indian cryptocurrency investment platform supported by Y-Combinator, headlined ‘Investment Trends in FY 2023-24: The Indian Crypto Renaissance’, have revealed a substantial change in the investment environment of India. The poll, which attracted up to 9,000 respondents nationally, offers insights into the

April 18, 2024 By Sharan Kaur Phillora Hong Kong is poised to launch its first spot Bitcoin and Ethereum exchange-traded funds (ETFs) by April 30, according to Markus Thielen, founder of 10x Research and a former research head at Matrixport. This follows Hong Kong’s conditional approval for several cryptocurrency ETF applications, heralding a significant shift

April 17, 2024 By Sharan Kaur Phillora Hong Kong recently concluded its public consultation on April 12, aiming to establish a licensing system for providers of over-the-counter (OTC) trading services for virtual assets like Bitcoin and Ethereum. This move is part of Hong Kong’s broader strategy to enhance its regulatory framework for virtual assets under

April 16, 2024 By Anjali Kochhar Thai cryptocurrency exchange Bitkub Online is preparing for an initial public offering (IPO), with CEO Jirayut Srupsrisopa outlining lofty valuation goals. The company, a subsidiary of Bitkub Capital Group, plans to go public next year, potentially valuing the owner at $3 billion.  Bitkub Capital Group’s ambitions for an IPO