Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. #Bitcoin #ETFs … Read more
The core technology associated with bitcoin, cryptography, is not new but it has re-emerged with blockchain and smart contract technology, which supports tokenization. A token is a unit of value that can be transferred, stored, and traded on the blockchain and is a digital representation of potentially many different kinds of assets, such as ownership … Read more
Protect Progress and Fairshake — which disclose their contributors, unlike another dark-money crypto political organization, Cedar Innovation Foundation — are backed by a long list of digital assets giants, including Ripple Labs, Coinbase and the investing duo Marc Andreessen and Ben Horowitz. Unlike the campaign spending blitz of the last congressional elections, which had been … Read more
That digital gold became the go-to description is likely why we have a mishmash of ideas about bitcoin today; it’s a hedge, a store-of-value, a means of payment, a beta trade, a bet against fiat and, increasingly, a development platform. Everyone wants bitcoin to be everything all at once when in reality, over the past … Read more
Suku, a provider of Web3 tools, in collaboration with Alchemy and Privy, has launched SukuPay, “a simple, free and fully non-custodial global money transfer solution,” according to the team: “Leveraging account abstraction, SukuPay removes the need for initial setup like creating a wallet or remembering a seed phrase, while still providing a non-custodial experience. With … Read more
Bitcoin’s fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC’s per block emission to 3.125 BTC, cutting the pace of new supply by 50%. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident history will repeat itself. Investment banking giant Goldman Sachs, however, cautioned its … Read more
The investment by P2 Ventures will go to founders through Hadron FC, a founder program with campuses in Dubai and New York, according to a press release. The program comes with mentorship, legal and regulatory assistance, networking opportunities and “comprehensive support to navigate the complexities of startup development and raise capital,” the release said. Among … Read more
The bill created a $10 billion limit for non-depository trust institutions to be able to issue payment stablecoins. Once the issuer exceeds that amount, it must be “a depository institution that has been authorized as a national payment stablecoin issuer,” the bill’s text said. At present, the largest U.S.-based stablecoin issuer, Circle (with $33 billion … Read more
Mostly thanks to boosted demand from the spot ETFs, bitcoin by mid-March had risen nearly 70% for 2024 to a new record above $73,000. The rally has stalled since, with the price now more than 15% below that all-time high. The reasons for the pullback are up for debate, but for the last month, sellers … Read more
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