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. […]
Ethereum breaks resistance, soaring to 6-Month high after Blackrock ETF buzz
The price of Ethereum (ETH) has surged to a six-month high, breaking the $2,000 resistance and sparking speculation about the potential of a spot ETF filing from BlackRock. Ether experienced an 8% rally on November 9, with this increase being credited to news of BlackRock registering the iShares Ethereum Trust in Delaware. This news led […]
Will Dogecoin repeat its 2021 feat? crypto analysts share insights
The price of Dogecoin (DOGE), the ninth most valuable cryptocurrency, has seen a 9% increase in the past week, prompting speculation about a possible rally akin to its 2021 surge. The meme coin’s recent performance has outpaced most of its peers, with only Pepe (PEPE) posting slightly better numbers. Crypto analyst Kaleo, in a post […]
Bitcoin soars to 18-month high, triggers $140 Million in liquidations
Bitcoin (BTC) has skyrocketed to nearly $37,000, marking its highest level since May 2022. This surge has triggered over $140 million in liquidations. Leading cryptocurrencies such as Ether (ETH), Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), and Polkadot (DOT) have also seen significant upticks. The recent surge in Bitcoin’s price has led to millions of […]
Russians to withdraw digital rubles as cash from ATMs
A significant Russian bank, VTB Bank, has developed a system enabling digital ruble holders to convert their digital currency to cash at ATMs instantly. VTB Bank revealed its new Central Bank Digital Currency (CBDC) solution at the recent Finopolis 2023 fintech forum. This innovation allows users to convert CBDC holdings from digital wallets into “non-cash […]
Congress attempts to curb SEC’s overreach as chair Gensler shows interest in reviving FTX
In a recent congressional session, Minnesota Representative Tom Emmer openly criticized the Biden Administration and SEC Chair Gary Gensler, as the U.S. House greenlit his amendment to control SEC enforcement abuses against the digital asset industry. This occurred as Gensler expressed willingness to the revival of the defunct crypto exchange FTX, contingent on legal compliance. […]
Bitcoin inches towards $37K amid SEC’s discussions with Grayscale over ETF
The world’s largest cryptocurrency, Bitcoin, is on a roll, nearing the $37,000 mark, following a surge of nearly 4% over the last 24 hours. The uptick is driven by speculation around the conversion of spot Bitcoin ETF, which could attract significant institutional investment. Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, have previously indicated […]
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 […]
Yuga Labs confirms UV lights as probable cause of health issues at ApeFest
Post ApeFest, Yuga Labs has confirmed that UV lights were likely the cause of reported eye and skin issues among attendees. At least 15 attendees of the Hong Kong-based event, held on November 4, started reporting vision loss, eye pain, and skin problems the following day. In a November 9th tweet, Yuga Labs’ Bored Ape […]
Investment firm Coatue Slashes OpenSea valuation by 90%
Investment giant Coatue Management has drastically reduced its valuation of NFT marketplace OpenSea, signaling a pessimistic outlook for the once-booming sector. Coatue Management, a prominent United States tech investor, has devalued its stake in the nonfungible token (NFT) platform OpenSea by a staggering 90%. This adjustment took place on November 7, plummeting the investment value […]