Markets

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...

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...

Brian Armstrong, the CEO of Coinbase, revealed a list of ten ideas that he’s most interested in and hopes that developers turn these ideas into reality amidst the bear market. Despite mounting regulator pressure on the home turf, Armstrong said Coinbase has its hands full with different projects and “doesn’t have time to tackle everything.” The exec stated that the lackluster prices are the optimal time for delving deep into building new projects. In the latest blog post,...

The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31,  the company has successfully demonstrated that...

Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s Decision The decision to phase out BUSD support is closely tied to developments involving Paxos, the company responsible for...

EOS price is eyeing a fresh increase from the $0.550 support against the US Dollar. The price is now trading above $0.60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.580 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise toward the $0.68 and $0.70 resistance levels. EOS price is recovering above $0.60 against the US Dollar, like Bitcoin. The...

Litecoin is slowly moving higher from the $60 support against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $68.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $68 and $70 resistance levels. Litecoin price is recovering from the $60 zone against the US Dollar, similar to Bitcoin....

Binance has unveiled a new feature for its Latin American clients. This solution will enable users in nine Latin American nations to transmit crypto via Binance Pay; hence, beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts. Binance announced the new “Send Cash” feature on Aug. 29, which promises a more efficient, cost-effective method of digital money transfer, addressing the prevalent financial inclusivity challenges in the...

[PRESS RELEASE – Georgetown, Cayman Islands, August 30th, 2023] Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailored for users eager to leverage trade without the limitations of traditional centralized exchanges. Kinetix’s innovative Perpetual Market allows users to...