Finance

The Hong Kong Securities and Futures Commission (SFC) on Thursday issued new requirements for phishing-resistant authentication methods for virtual asset trading platforms (VATPs) and online brokers in the special administrative region. The new standards require stronger phishing-resistant authentication methods and device binding while prohibiting the use of one-time passwords through SMS, email or app-based logins. Platforms … Read more

Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Bitcoin ETF flows reverse a ten-day losing streak, but analysis warns that demand remains weak. An “overwhelming” sell-off is nonetheless over, says Swissblock. Overall BTC demand shows a clear gap between spot and derivatives … Read more

US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms. Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer to preserve a section of the CLARITY Act known as … Read more

Paradigm has raised $1.2 billion for its fourth fund, which will expand the crypto venture capital firm’s investments into artificial intelligence and related technologies. The company said on Wednesday that its latest fund will invest “first in crypto, and now across AI, robotics and other frontiers.” “We continue investing in crypto and the reinvention of … Read more

Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. “We’re so close. We have to get this done,” Selig told Fox Business host Maria Bartiromo.  Some analysts give the measure even odds of passage before the … Read more

Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week’s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery of some 11% off the bottom. The dip came as CryptoQuant’s Weekly Crypto … Read more

Bitcoin (BTC) trades slightly above $62,000 and is down nearly 2% over the past 24 hours amid a risk-off mood across global markets. The pressure is not coming from crypto exclusively and is more so attributed to a sharp selloff in semiconductor and AI stocks.  Renewed profit-taking from Samsung sent Asian markets reeling overnight, and … Read more

Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research. Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces … Read more

Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale earlier this week. “I don’t think there’s anything coming to save Bitcoin,” Alden said in a Tuesday interview with journalist and Bitcoin educator … Read more