April 2024

Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds

Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds

Last updated: April 15, 2024 03:39 EDT | 1 min read Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs). Several official announcements have confirmed the approvals, including those submitted by China Asset Management Co. (China AMC), Harvest Global Investments, and Bosera International and HashKey Capital.

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Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition

Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition

Last updated: April 15, 2024 03:12 EDT | 2 min read The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya.  Anjarwalla had managed to escape custody in Nigeria, but his cover was blown upon his arrival in Kenya, according to a report from Nigerian media outlet The Punch. 

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HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch

HSBC Looks To Broaden Tokenized Asset Offerings after Gold Token Launch

Last updated: April 15, 2024 03:06 EDT | 1 min read HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality, the South China Morning Post reported Monday. However, the bank intends to steer

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IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year

Last updated: April 15, 2024 03:03 EDT | 1 min read Guy Ficco, the Criminal Investigation Chief at Internal Revenue Service (IRS), has indicated the agency is bracing for a significant increase in cases of crypto-related tax evasion this tax season. In an interview with CNBC at the Chainalysis Links event in New York, Ficco

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Bitcoin Price Prediction: BTC Nears $66,000 Pivot as Iran-Israel Tensions Escalate

Bitcoin Price Prediction: BTC Nears $66,000 Pivot as Iran-Israel Tensions Escalate

Last updated: April 15, 2024 02:30 EDT | 3 min read Bitcoin Price Prediction Bitcoin price prediction analyses see BTC trading at $64,950, up by nearly 2.50% amidst ongoing Middle East tensions. The volatile environment influences Bitcoin‘s market behavior, testing crucial support levels. Gold Rises Amid Middle East Tensions, Asian Markets and Bitcoin Decline The

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Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Despite venture capital activity declining across the board, funding for Bitcoin startups more than quadrupled in 2023, according to a new report. Research from Trammell Venture Partners (TVP) shows that the number of Bitcoin-native pre-seed deals ballooned 360% last year, while the number of funded Bitcoin companies rose by 56.9%. VC Funding Explodes On Bitcoin

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Coinbase Files Appeal Over ‘Investment Contracts’ in SEC Battle 

Coinbase Files Appeal Over ‘Investment Contracts’ in SEC Battle 

On April 12, Coinbase’s legal counsel filed a brief asking the court’s permission to seek an interlocutory appeal in its case. The controlling question was whether an “investment contract” requires something contractual. Coinbase believes it does, whereas the SEC disagrees. An interlocutory appeal occurs when a ruling by a trial court is appealed while other

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Mempool Founder Mononaut Raises Red Flag Over Bitcoin Layer 2 Implementations

Mempool Founder Mononaut Raises Red Flag Over Bitcoin Layer 2 Implementations

Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under Fire The main objective of

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Crypto Markets Lost Over $400B as Bitcoin (BTC) Slumped by $10K in 2 Days (Weekend Watch)

Crypto Markets Lost Over $400B as Bitcoin (BTC) Slumped by $10K in 2 Days (Weekend Watch)

In yet another eventful and painful evening trading on Saturday, Bitcoin’s price tumbled by another five grand to a multi-week low of around $61,000. The alternative coins were hit even harder, with numerous double-digit price declines. The main culprit for this crash was the rising tension between Iran and Israel. BTC’s Rollercoaster Continues It was

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