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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 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

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

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

Tether Slams Deutsche Bank’s Stablecoin Warning

Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency

In a latest response, Tether, the world’s largest stablecoin, has vehemently criticized Deutsche Bank’s statement, which questioned the sustainability of stablecoins and Tether&rsquo...

4 months ago

Bridgeless Bitcoin-Native Network

Arch Labs $7 Million to Develop Bitcoin-Native Application Platform

The company planned to utilize this fund to advance Arch’s development of decentralized finance (DeFi) applications directly on the Bitcoin blockchain, bypassing the need for sec...

4 months ago

TikTok takes a proactive step in assuring AI authenticity on its platform by automatically labeling AI-generated content (AIGC) using new Content Credentials technology.

TikTok to automatically label AI-generated content

TikTok, the popular social media platform for creating and sharing short-form videos, said it will now start automatically labeling artificial intelligence (AI)-generated content (AIGC) when it ...

4 months ago

The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.

Tether scales crypto payments in Eastern Europe with new investment

Stablecoin giant Tether is increasing its bets on cryptocurrency adoption in Eastern Europe with additional investment in the Georgia-based crypto payment provider CityPay.io. Te...

4 months ago

SBI Digital Asset Holdings and Chiliz plan to set up a joint venture in Japan.

SBI Holdings and Chiliz to set up joint venture in Japan for sports fan tokens

The collaboration aims to induce Japanese sports fans into the global token-based community. SBI Digital Asset Holdings, the crypto asset arm of Japanese securities and banking giant S...

4 months ago