Hong Kong’s Securities and Futures Commission (SFC) is looking to increase its headcount, with more than half the added roles dedicated to regulating crypto, according to a two-year budget plan presented to the Legislative Council, the region’s legislative body known as Legco. Despite freezing its headcount in three of the five financial years since 2020, … Read more
The Chicago Mercantile Exchange Group (CME) has revealed that in the first month of the year, its crypto contracts saw an average daily volume (ADV) of 198,000 with a notional value of $13.6 billion. The CME detailed in a press release on Tuesday that year-over-year, its cryptocurrency ADV rose 180% as its micro bitcoin (BTC) … Read more
Bitcoin (BTC) continues to follow the trajectory of its 2017 cycle. Despite recent market turbulence, driven by escalating tariff tensions between the U.S and its neighbouring countries, as well as China. Bitcoin remains up approximately 525% from its cycle low during the FTX collapse in November 2022. Comparatively, at the same stage in the 2017 … Read more
Travala, the travel website that accepts payments in cryptocurrency, has teamed up with trivago (TRVG), adding its inventory of 2.2 million properties to the hotel search platform. When trivago users select a Travala hotel they will be redirected to the website, where they will have the option of paying in bitcoin (BTC), ether (ETH) and … Read more
By Omkar Godbole (All times ET unless indicated otherwise) If you follow financial markets, you’ve probably come across the terms “risk-on” and “risk-off.” Now we seem to be entering a new era of “tariffs on/tariffs off.” In a risk-on environment, growth-sensitive assets like stocks and cryptocurrencies tend to rise due to expectations of economic expansion … Read more
WazirX creditors can start to receive their stolen crypto as early as April, or in 2030, based on the outcome of a voting scheme, scheduled for the coming weeks. Creditors of the hacked Indian crypto exchange will have to vote on whether to approve the restructuring scheme. If the majority, or more than 75% by … Read more
Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days. According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms … Read more
Anthony Scaramucci, who served as President Donald Trump’s communications director for less than a week in 2017, said he expects pro-crypto regulation to be drafted in the U.S. by November. The founder of investment firm SkyBridge Capital made the prediction in an appearance at the Digital Assets Forum in London and went on to explain … Read more
Galaxy Digital (GLXY), the cryptocurrency trading company helmed by Mike Novogratz, is bringing its blockchain staking capabilities to regulated custody specialist BitGo Trust, despite the legal spat between the two firms. It makes sense to play nice: The deal brings Galaxy’s staking and validator services, which handle over $4 billion billion in staked crypto assets, … Read more
The outlook for alternative cryptocurrencies appears grim relative to bitcoin as a renewed trade war potentially breaking out between the U.S. and its major trading partners may threaten to destabilize the global economy. Still, some coins are flashing bullish hints. For instance, the XRP/BTC ratio is teasing a move above the upper Bollinger band on … Read more