May 10, 2024 By Anjali Kochhar Following Bitcoin’s recovery, crypto options traders are setting their eyes on the coveted $100,000 milestone, emboldened by the market’s positive sentiment. Bitcoin’s price increased by more than 12% to $63,470 following Federal Reserve Chairman Jerome Powell’s pledge that present policies would be maintained, fuelling expectations for future rises. The […]

May 8, 2024 By Anjali Kochhar The Securities and Exchange Commission (SEC) is preparing to take action against Robinhood Markets, Inc., according to a recent filing by the trading platform. The SEC’s attention is on Robinhood’s cryptocurrency operations, with a warning sent over the weekend hinting potential charges once the investigations are completed. Dan Gallagher,

May 8, 2024 By Sharan Kaur Phillora Hong Kong’s newly launched spot bitcoin exchange-traded funds (ETFs) experienced their first cumulative daily outflows on Monday, with all withdrawals occurring from the China Asset Management (ChinaAMC) ETF. The funds, which debuted on the Hong Kong Stock Exchange on April 30, faced this setback after a strong start. Here’s

May 8, 2024 By Anjali Kochhar The emergence of cryptocurrencies has had a profound impact on consumer behavior and sparked contentious debates in the rapidly evolving world of finance. In the context of cryptocurrency investment, a recent study by researchers from Brigham Young University, Northwestern University, Emory University, and Imperial College London sheds light on

May 8, 2024 By Sharan Kaur Phillora In a strategic move to enhance its status as a leading financial and technological powerhouse, Shanghai announced an initiative on Monday to establish a comprehensive blockchain infrastructure by 2025. This development aims to bolster collaboration with prominent Asian financial hubs Hong Kong and Singapore. Here’s what we know:

May 7, 2024 By Sharan Kaur Phillora Recent reports have surfaced indicating that Hong Kong’s newly introduced Bitcoin Exchange-Traded Funds (ETFs) have experienced notably low trading volumes during their initial days. Despite the city’s ambitions to establish itself as a crypto hub, these ETFs have failed to entice investors and traders, especially in the wake of

 May 6, 2024 By Anjali Kochhar Roger Ver, often known as ‘Bitcoin Jesus,’ is facing federal allegations of tax evasion and mail fraud, with the Department of Justice charging that he avoided approximately $50 million in taxes.  The charge, released in federal court in Los Angeles, comes after Ver’s arrest in Spain over the weekend.

May 6, 2024 By Sharan Kaur Phillora The Singapore High Court has authorized a freeze order linked to several cold wallets suspected of being involved in a crypto hack, as announced by the financial investigation firm, Intelligent Sanctuary (iSanctuary). This ruling marks a novel use of non-fungible tokens (NFTs) in legal procedures. Here’s what we

May 6, 2024 By Anjali Kochhar In a recent research, financial behemoth JPMorgan (JPM) maintained a pessimistic perspective on cryptocurrency markets, noting a lack of favourable catalysts and the declining power of retail investors. According to the survey, crypto assets have experienced a big sell-off in recent weeks, with ordinary investors capturing a larger share

By Anjali Kochhar PayPal has announced a significant expansion of its cryptocurrency offerings as part of a strategic agreement with MoonPay. With this connection, PayPal’s huge user base of over 426 million consumers will receive access to a diverse range of digital assets, including more than 100 cryptocurrencies. MoonPay, a leading cryptocurrency company, believes that