Crypto news

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...

The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem.   Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an interview with CoinDesk, the platform’s Chief Marketing Officer Haider Rafique revealed that OKX was looking to scale up its wallet services by...

Bitcoin cash price started a downside correction from the $230 zone against the US Dollar. The price is now trading above the $195 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $200 and $195 support levels. Bitcoin cash price is declining from the $230 zone against the...

After suffering defeat against Grayscale in court, the Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications knocking on its door. The agency need not approve the applications, however: instead, it may choose to rescind prior approval of the nation’s Bitcoin futures ETFs, leaving all Bitcoin ETF options unavailable to U.S. buyers. Will The SEC Spite BItcoiners? Though an unlikely outcome,...

The US Department of Justice (DOJ) is seeking additional disclosures about Sam Bankman-Fried’s planned defense. According to a Tuesday filing, the lawyers representing the agency responded to the disgraced exec’s plan to use an advice-of-counsel defense during his scheduled trial in October. If this request is not met, the DOJ asked the court to restrict specific lines of questioning, evidence, and arguments that are deemed irrelevant to the case. The development comes as the...

As expected by analysts, the Securities and Exchange Commission (SEC) has again delayed its upcoming decision on whether to approve a slew of Bitcoin spot ETF applications. This pushes forward their respective decision dates by another 45 days. According to the SEC’s website, decisions for proposed ETFs from Blackrock, Invesco, WisdomTree, Valkyrie, Bitwise, VanEck, and Fidelity have all been postponed. “The Commission finds it appropriate to designate a longer period within...