May 17, 2024 By Sharan Kaur Phillora Chinese authorities have cracked down on an underground banking scheme, arresting suspects in Sichuan province on May 15 for allegedly facilitating illegal foreign exchange transactions worth around $2 billion using Tether’s USDT stablecoin. Here’s what we know: According to Baijiahao.baidu, the Sichuan police’s operation targeted a vast network […]

May 16, 2024 Anjali Kochhar from NFTMetta engages in an insightful conversation with Mohammed Roshan Aslam & Roshni Aslam, the co-founders of GoSats. GoSats: GoSats is a cryptocurrency rewards platform that allows users to earn Bitcoin satoshis (the smallest unit of Bitcoin) as cashback for their online purchases. Users can link their credit or debit

May 16, 2024 By Anjali Kochhar President Joe Biden’s administration has taken a major step to protect national security interests by interfering with a Chinese-owned cryptocurrency company’s plan to purchase land close to a vital US nuclear missile facility. The announcement of this decision on Monday highlights the increased apprehension regarding the possible hazards linked

May 15, 2024 By Anjali Kochhar Once hailed as the financial industry’s superhero, cryptocurrency is currently facing a supervillain-sized issue: its environmental impact. As digital currency becomes more and more popular, concerns are growing about the enormous energy consumption and environmental effects associated with mining it. Understanding cryptocurrency mining and its impact Cryptocurrency mining, the

May 15, 2024 By Anjali Kochhar Global cryptocurrency giants Binance and KuCoin have received approval to register with the Financial Intelligence Unit-India (FIU-India), a critical step towards regulatory compliance within the country’s burgeoning digital asset sector. This is a significant development for the cryptocurrency landscape in India. The move signals a narrowing regulatory gap between

May 14, 2024 By Sharan Kaur Phillora Hong Kong’s cryptocurrency market is experiencing a rapid expansion in investment products, with notable advancements in crypto spot Exchange Traded Funds (ETFs) facilitated by leading firms such as Harvest International and Huaxia Fund Hong Kong. These developments were highlighted at the recent Bitcoin Asia conference, underscoring the region’s

May 14, 2024 By Anjali Kochhar Cryptocurrency markets faced significant pressure as concerns over upcoming token unlocks and Bitcoin distributions loomed large, contributing to a continued corrective phase. Late Wednesday, Bitcoin experienced a 2.5% decline, settling at $61,500, while Solana and Bitcoin Cash each saw drops exceeding 7%. According to a report by crypto analytics

May 13, 2024 By Anjali Kochhar Unexpectedly, the troubled cryptocurrency exchange FTX has unveiled a reorganisation proposal that would give its creditors a sizable return of their money. In a court filing, FTX states that, although it has between $14.5 billion and $16.3 billion available for distribution, it believes it owes creditors about $11.2 billion.

May 13, 2024 By Sharan Kaur Phillora Hong Kong’s Securities and Futures Commission (HKSFC) has recently alerted the public to a deceptive cryptocurrency exchange that leverages artificial intelligence to create videos and images of Elon Musk endorsing their services. Here’s what we know: The scam, involving the locally based Quantum AI, purported to have direct ties

May 10, 2024 By Sharan Kaur Phillora Hong Kong has introduced its first ETF liquidity fund, valued at $1 billion HKD (approximately $128 million USD), to boost its emerging ETF market. The initiative, led by LD Capital, Antalpha Ventures, and Highblock, aims to enhance liquidity and stability in the market. Here’s what we know: The