Tag Archives: News

While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong Kong to bring its product offerings to customers in the region. According to a South China Morning Post report citing three...

Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share. Snapchat parent company Snap Inc (NYSE: SNAP) shares fell flat after surging as much as 20% in after-hours trading as the news that some advertisers had suspended ad spending following the start of the war in the Middle East reached investors. At the time of writing, SNAP stock is at around 1.2% up in the pre-market. According to this CNBC report, the company revealed that it has “observed...

BlockFi revealed that it has emerged from bankruptcy court, having received approval for its reorganization plan from all relevant stakeholders. Nearly 11 months after it first declared bankruptcy, the crypto lender BlockFi has now officially begun the process of winding down its operations. In line with this, the company has asked its wallet users to tender their withdrawal requests on its website to claim their funds. However, there is a December 31 deadline for the requests. In the...

The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.  The world’s largest digital assets manager Grayscale Investments continues to take steps in order to expand its footprint in the market. Also, the latest report shows that Grayscale is venturing into the crypto indices business in partnership with the London-based indices provider FTSE Russell, a London Stock Exchange subsidiary. Grayscale and...

Solana price started a steady increase above the $25.00 resistance against the US Dollar. The price is now trading above $28.50 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $30.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $32.00 and $32.80 to continue higher in the near term. Solana price is trading in a positive zone above $28.50 against the US Dollar, like...

Bitcoin price started a strong increase above the $32,500 zone against the US Dollar. The price is now trading above $33,000 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $31,950 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $30,000 support zone. Bitcoin price is showing positive signs above $33,500 against the US Dollar. BTC might...

Meanwhile, CoinMarketCap recently announced its entry into the Artificial Intelligence (AI) industry with the release of a ChatGPT plugin. ChainGPT, the innovative AI infrastructure network designed for Web3, has unveiled a groundbreaking partnership with CoinMarketCap to introduce an enticing $50,000 airdrop of $CGPT tokens to crypto enthusiasts. The ChainGPT Airdrop Mechanics ChainGPT highlighted in a press release shared with Coinspeaker that the airdrop initiative aims to empower up to...

Coca-Cola is one of the few beverage and food companies worldwide still standing strong despite the ongoing global financial meltdown.  Coca-Cola Co (NYSE: KO), the global beverage giant, has demonstrated impressive resilience in its recently reported third-quarter (Q3 2023) earnings, beating analysts’ estimates and raising its outlook for the full year. The company reported net sales of $11.91 billion, indicating an 8% increase from the previous quarter, with organic (non-GAAP) revenue...

As the largest sovereign wealth fund worldwide, the Norways’s Government Pension Fund Global boasts a robust portfolio across different sectors within the financial market.  Norway’s Government Pension Fund Global, created in the 1990s to manage surplus revenues from the country’s thriving oil and gas sector, faced significant hurdles in its third quarter financial revenues ending September 2023. In an announcement on Tuesday, the Norges Bank Investment Management said the fund, which...

BlackRock has taken an important step forward by obtaining a CUSIP number for its iShares Bitcoin spot ETF. BlackRock Inc (NYSE: BLK), one of the world’s largest asset managers, recently made headlines by announcing its plans to provide initial “seed” funding for its spot Bitcoin Exchange Traded Fund (ETF). This strategic move was revealed in its recent securities filings, specifically through the SEC Form S-1, which is the initial registration form required for new securities by public...