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Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.

Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day

Hong Kong’s Bitcoin and Ether exchange-traded funds (ETFs) posted the largest-ever net outflow on Monday, May 13 — wiping all gains they’ve made since launching under...

4 months ago

The expansion comes 12 months after the firm announced its intention to expand down under.

Crypto exchange OKX launches local regulated entity in Australia

Crypto exchange OKX is moving its Australian-focused services under a locally regulated entity as part of its expansion efforts through the Asia-Pacific region. “I think Australi...

4 months ago

The SoftBank-owned research and development firm Arm said it will develop its own artificial intelligence chips as its owner reports profits after shifting focus to AI.

SoftBank subsidiary to develop semiconductor chips, reports profits after AI shift

SoftBank-owned processor designer Arm has announced plans to develop its own in-house artificial intelligence (AI) chips on the back of AI-related profits. On May 13 a report ...

4 months ago

The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.

Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs

Major United States-based financial services firm Wells Fargo has disclosed investments in Bitcoin exchange-traded funds offered by Grayscale and ProShares. In a May 10...

4 months ago

Dodgy dollars are appearing everywhere, from Texas to Hawaii to Canada, as fiat counterfeiting is seemingly making a comeback.

Reports of ‘bleached’ counterfeit bills crop up across North America

Fake United States dollars are appearing in greater numbers across North America in recent weeks, from Texas to Hawaii to Canada. On May 8, a report revealed that police...

4 months ago

Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption.

Blockdaemon gets greenlight for UAE expansion in Abu Dhabi

Blockchain infrastructure firm Blockdaemon revealed that it will be expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi. The company reve...

4 months ago

The U.S. House of Representatives has voted to overturn controversial SEC guidance blocking banks from custodying crypto assets.

House votes to nullify SEC’s anti-crypto banking guidance SAB 121

The United States House of Representatives has voted to pass a bill overturning controversial Securities and Exchange Commission (SEC) guidance preventing banks from owning crypto. ...

4 months ago

Exodus hits regulatory roadblock despite previous approval as “numerous employees and their families” arrive in New York City to face disappointment.

Exodus CEO frustrated as SEC delays listing amid celebrations

Exodus is facing a delay in its New York Stock Exchange American (NYSE) listing pending the completion of the United States Securities and Exchange Commission’s (SEC) review of i...

4 months ago

Despite strong demand for crypto-savvy workers, there exists a shortage of highly-experienced employees.

Blockchain education initiatives take off amid crypto bull market

Amid an industry boom, crypto education initiatives are quickly gaining traction. On May 7, organizers of the Women in Tech Global Summit 2024 announced that they would...

4 months ago

Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived.

Crypto degens ‘hungry’ for next big SocialFi breakthrough — K33 Research

Crypto users are clamoring to find the next big thing in the Social Finance (SocialFi) sector, according to analysts from K33 Research — who see it a growing corner of crypto despite being...

4 months ago