Crypto news

CoinspeakerSecond Daily Outflows Witnessed by Hong Kong’s Bitcoin Spot ETFs since Launch In a similar manner to the Hong Kong spot Bitcoin ETFs, their US counterparts also experienced a net outflow of $11.29 million on Thursday. Second Daily Outflows Witnessed by Hong Kong’s Bitcoin Spot ETFs since Launch

The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi premium is an indicator of the difference between Bitcoin’s valuation on South Korean exchanges and...

CoinspeakerOpenAI Set to Challenge Google with New AI-Powered Search Product By employing advanced AI, ChatGPT will able to fe­tch and display web data with proper citations, setting it apart from conve­ntional search engines. OpenAI Set to Challenge Google with New AI-Powered Search Product

CoinspeakerMetaplanet Increases Bitcoin Holdings, Acquiring Additional 19.87 BTC Metaplanet's shift to Bitcoin is a significant step for the crypto community; it signals a growing trend of institutional adoption of cryptocurrencies. Metaplanet Increases Bitcoin Holdings, Acquiring Additional 19.87 BTC

The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as baseless. A “Diversionary Tactic” Ibrahim stated that the allegations were part of a coordinated effort by...

Canada has imposed a fine against Binance – the world’s largest crypto exchange – for running afoul of the nation’s anti-money laundering rules last year. Per a public notice published on Thursday, the federal government said Binance didn’t comply with rules and registrations related to operating as a foreign money services business (FMSB). Binance Fined $4.4 Million By Canada The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) wrote: “Binance Holdings...

MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024. This index aims to track the performance of six popular meme coins, such as DOGE, SHIB, and others. VanEck’s MEMECOIN Index The acceptance of meme coins within the cryptocurrency community is gaining traction, notably with the introduction of the “meme coin asset...

[PRESS RELEASE – New York, New York, May 9th, 2024] Arch Raises $7M Led By Multicoin Capital To Build The First Bitcoin-Native Application Platform ArchVM Enables Bridgeless Applications On Bitcoin, The World’s Largest And Most Secure Blockchain HONG KONG, MAY 8, 2024 — Arch Labs, the inventors of Arch, a Bitcoin-native application platform that unlocks bridgeless decentralized finance (DeFi) on the world’s largest blockchain, today announced a $7M series seed round led by...

CoinspeakerEthereum (ETH) Price Dips Below $3K amid Increased Short-Term Fear Ethereum (ETH) price has established a solid support level around $2,972, which could yield a bullish rebound towards its all-time high soon. Ethereum (ETH) Price Dips Below $3K amid Increased Short-Term Fear

CoinspeakerTaiwan Proposes Strict AML Laws for Crypto Firms The proposed law by Taiwan's Executive Yuan is designed to curb fraud and regulate money laundering among crypto organizations. Taiwan Proposes Strict AML Laws for Crypto Firms