November 14, 2023 By Sharan Kaur Phillora UBS Group AG has joined the ranks of financial institutions like HSBC Holdings Plc by permitting clients in Hong Kong to engage in trading certain crypto-linked exchange-traded funds (ETFs). This move aligns with Hong Kong’s efforts to establish itself as a digital asset hub. Here’s what we know: According to […]

November 14, 2023 By Anjali Kochhar In a notable shift reflecting the broader state of the cryptocurrency landscape, the creation of new digital tokens has decelerated to its slowest pace in three years, as highlighted by recent data from CertiK, a prominent smart-contract auditor. The report, based on analysis of CoinMarketCap data, reveals that during

November 14, 2023 By Sharan Kaur Phillora In a landmark decision, China has officially recognized the theft of non-fungible tokens (NFTs) as a criminal offense, a move reflecting the nation’s tightening grip on digital assets. This acknowledgment, outlined in a testament released on November 10, 2023, addresses the growing popularity of NFTs and the corresponding

November 13, 2023 By Sharan Kaur Phillora In a significant move, U.S. legislators have unveiled a new bill that aims to restrict federal government officials from conducting business with China-based blockchain companies and Tether, the issuer of the world’s largest stablecoin, USDT. The legislation, known as the Creating Legal Accountability for Rogue Innovators and Technology

November 13, 2023 By Anjali Kochhar As weekly Ethereum sales increase and attract the attention of cryptocurrency market enthusiasts, the NFT market is reportedly exceeding expectations, according to a new analysis by Nansen. The nonfungible token (NFT) market is flourishing despite recent setbacks, with leading collections and platforms recording record trade volumes. Let’s examine the

November 10, 2023 By Anjali Kochhar Many consumers of cryptocurrency assets have found them to be more of a letdown than a revolution, and international organizations like the Financial Stability Board and the IMF are calling for stricter regulation. But some of the quickly developing crypto technology might end up being more promising. Financial services

November 10, 2023 By Sharan Kaur Phillora In a recent NFT event held in Hong Kong, at least 22 attendees reported severe eye discomfort, with symptoms ranging from a burning sensation to temporary blindness. The event, ApeFest, organized by US-based Yuga Labs, saw complaints emerge following the use of UV light during the festivities at

November 9, 2023 By Anjali Kochhar Brian Armstrong thinks that would-be developers will utilize the opportunity in the bear market to develop these cryptocurrency proposals, which range from flatcoins to on-chain marketing. The CEO of Coinbase, Brian Armstrong, has shared his top ten predictions for the future of cryptocurrencies, expressing optimism that developers would be

November 9, 2023 By Sharan Kaur Phillora As Hong Kong actively positions itself as a pioneer in the cryptocurrency space, it has taken another progressive step by considering opening up spot cryptocurrency Exchange Traded Funds (ETFs) to retail investors. Julia Leung, the Chief Executive Officer of the Securities and Futures Commission (SFC), expressed a cautiously

November 8, 2023 By Sharan Kaur Phillora China is setting a new course in global finance by integrating the digital yuan into cross-border payments. This groundbreaking development will enhance China’s financial influence and reduce the global economy’s dependency on the US dollar, aligning with the BRICS group’s ambitions​. Here’s what we know:  As part of