UBS to offer wealthy clients in Hong Kong crypto Futures ETF trading
Swiss multinational investment bank UBS Group is set to allow select clients in Hong Kong to trade in cryptocurrency-linked exchange-traded funds (ETFs). The move matches its competitor HSBC (HKSE: 0005) in exploring the untapped market in the region. UBS’s affluent clients will have the opportunity to invest in three crypto futures ETFs on its platform. […]
Australian crypto exchange CoinSpot hit by $2.4M hot wallet hack
A significant security breach has struck Australian crypto platform CoinSpot, resulting in a hot wallet hack of $2.4 million. The situation is believed to be due to a “private key compromise” of at least one of CoinSpot’s hot wallets. This analysis was provided by blockchain security enterprise, CertiK. Blockchain investigator ZachXBT noted two transactions entering […]
Hong Kong’s SFC eyeing crypto accessibility for retail investors: Bloomberg
Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), is considering proposals to permit retail investors to purchase spot crypto Exchange Traded Funds (ETFs). SFC Chief Executive Officer Julia Leung commented, “We welcome proposals using innovative technology that boosts efficiency and customer experience. We’re happy to give it a try as long as new […]
US lawmakers question crypto’s role in financing terrorism in Israel-Hamas conflict
A group of 105 bipartisan US lawmakers led by Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) have addressed a letter to President Biden’s top advisors, seeking clarity on cryptocurrency’s involvement in recent attacks on Israel. The legislators are pushing for answers on how cryptocurrency may have sponsored recent attacks by the militant group Hamas […]
FTX’s $3.4 Billion crypto liquidation: What you need to know
FTX, a cryptocurrency exchange facing bankruptcy, is seeking approval to liquidate $3.4 billion in Bitcoin and crypto assets. This has raised concerns among market analysts as it could potentially add selling pressure to the already struggling market. FTX’s crypto holdings include various assets such as Solana, FTT tokens, Bitcoin, Ethereum, and more. The exchange has […]
UK woman loses £180,000 to crypto scam
A woman from the UK has lost £180,000 (approximately $227,292) after falling victim to an elaborate cryptocurrency scam. The criminals posed as investment advisors and convinced her to invest her money in crypto. They maintained regular contact with her for six months, building a close rapport and gaining access to her phone and laptop. Using […]
Is Bitcoin losing its sparkle? Metrics point to concerning trends
Recent metrics suggest that Bitcoin, the leading cryptocurrency, may be losing its shine. Trading volumes for Bitcoin and Ethereum have declined, potentially reaching levels not seen since 2019. Moreover, Google search traffic for cryptocurrency-related keywords has dropped to 2019 levels, indicating reduced public interest. Low volatility in Bitcoin, historically known for its price swings, further […]
Will crypto get a boost with Biden’s SAVE plan student loan?
US President Joe Biden has introduced the SAVE (Saving on A Valuable Education) student loan plan, aiming to alleviate student debt and encourage saving. The plan offers more affordable options for reducing student debts, including cutting payments in half and potentially reducing balances to zero. Monthly payments under the new plan are based on income […]
Elon Musk says X is a ‘Dogecoin friendly place’
Elon Musk has expressed his bullish stance on Dogecoin, stating that X is a dog and a Dogecoin-friendly place. The Tesla CEO and prominent supporter of cryptocurrencies, including Dogecoin, reiterated his positive sentiments towards the popular meme-inspired digital currency. Musk’s statement reinforces his previous endorsements of Dogecoin and highlights his continued interest in the cryptocurrency. […]
90 day fiancé” star shocks partner by blowing house fund on crypto gambling
In a shocking turn of events on the reality TV show “90 Day Fiancé: The Other Way,” one of the engaged couples, Wayne Cornish and Holly Weeks, faced relationship turmoil when Cornish disclosed that he had spent their house fund on cryptocurrency gambling. The show follows American citizens as they prepare to move to their […]