Crypto news

[PRESS RELEASE – New York, US, September 1st, 2023] In a significant stride towards revolutionizing data privacy and verification, zkPass, the innovative privacy-preserving protocol for private data verification, announces that its Pre-alpha Testnet is open for public testing. A Glimpse into the Future: zkPass Pre-alpha Testnet The zkPass Pre-alpha Testnet presents a transformative approach to private data verification. Built on the bedrock of Multi-Party Computation (MPC),...

Pro Shares was the U.S.’s first official bitcoin-based exchange-traded fund (ETF), though it’s taken a lot of flak over the past two years given it’s centered on futures rather than spot trading. Pro Shares: Is It Everything It Claims to Be? In recent weeks, the company has also taken guff given analysts believe the trading of the derivatives available through the ETF will lead to tracking errors, but Pro Shares doesn’t think this is accurate. Known as the Pro...

Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.  On Thursday, August 31, the world’s largest cryptocurrency Bitcoin plummeted by more than 4.5% with its price slipping under $26,000, losing all the early week gains after the Grayscale court ruling. The selling pressure on BTC and its price comes as the US Securities and Exchange Commission (SEC) announced its decision to delay the approval of seven spot...

Despite its slender battery, the company claims that the Magic V2 can deliver approximately 14 hours of continuous video playback when unfolded. Honor has introduced its flagship foldable smartphone, the “Honor Magic V2”, as part of its strategy to enter the international market, particularly in Europe and other regions, by the first quarter of 2024. Formerly a subsidiary of Huawei, Honor was sold to investors, becoming an independent company after its former mother company had a series of...

With the Bitwise ETF application gone, the crypto community is now awaiting the SEC’s decision on the remaining applications by WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Fidelity. In a surprising move, Bitwise, an asset management company based in San Francisco, has decided to withdraw its application for the Bitcoin (BTC) and Ethereum (ETH) Market Cap Weight Strategy Exchange-traded fund (ETF) filed with the United States Securities and Exchange Commission (SEC) last month. The...

Taking advantage of this environment, HashKey Exchange became the first crypto firm in the city to obtain a license under the new licensing regime last month. HashKey Capital, the investment arm of Hong Kong-based financial services firm HashKey Group, has announced the launch of a secondary market crypto fund focused on investment in altcoins. The firm, which has over $1 billion in assets under management (AUM) and recently closed its third venture fund at $500 million, is looking to...

With Samsung winning the position of a competitor against SK Hynix, Nvidia will have more options when it comes to chip supply and stop relying on SK Hynix as a sole provider.  South Korean multinational electronics giant Samsung Electronics Co has reportedly won the right to supply advanced memory HBM3 chips to the world’s leader in artificial intelligence computing Nvidia Corp (NASDAQ: NVDA). Following the reports, Samsung saw its shares soar by 6%. Citigroup analysts Peter Lee and Josh...

The Crypto Travel Rule was created by the UN’s Financial Action Task Force (FATF) in June 2019 as a measure to prevent illicit actors from laundering money through cryptocurrencies. Commencing today, September 1, a new regulatory requirement is now in effect for cryptocurrency-related enterprises operating within the United Kingdom. This crypto rule was initially introduced by the Financial Conduct Authority (FCA) on August 17. It obligates Virtual Assets Service Providers (VASPs) to...

Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States.  The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as part of President Biden‘s ambitious “Investing in America” agenda. This initiative announced by the Biden administration primarily focuses on...

August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits. On August 30, Ivan Bianco, a prominent blockchain gaming-focused YouTuber known for his channel “Fraternized Crypto,” faced a devastating loss of approximately $60,000 in cryptocurrencies during a live stream. This unfortunate incident occurred when he inadvertently revealed the private keys to his crypto wallets. During the live stream, Bianco, who hails from Sao Paulo, Brazil, made...