Hong Kong accepts crypto license application past deadline
Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27. Go to Source
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Nigerian Civil Society Groups Praise Crypto Tax Proposal
A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto market and attract foreign investors. The CSOs believe a regulatory framework specifically designed for cryptocurrency trading … Read more
Nasdaq wants to launch a Bitcoin index options, seeks SEC approval
Options would allow institutional investors to hedge risks and traders to amplify their buying power. Go to Source
US Bitcoin ETFs Thrive With $39M Boost, Ethereum ETFs Experience $17M Decline
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $17M Outflows Collectively, the 12 spot bitcoin … Read more
Crypto Market Volatility Fuels $1.2B Inflows at Binance
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks … Read more
Hong Kong broker offers new customers deposit bonuses in Bitcoin
With the inclusion of Bitcoin rewards, Futu Securities aims to attract a new wave of investors. Go to Source
Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the … Read more
Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest
Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14 million, with each ZK token trading at $0.2575. This positions ZK among the top 100 largest market capitalizations, ranking at 90th. Notable exchanges listing ZK … Read more
Nigeria defends Binance exec prosecution amid US lawmakers’ criticism
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law. Go to Source
UK Digital Bank Blocks Clients From Performing Crypto Transactions
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline Cryptocurrency-Related Bank Transfer Requests London-based digital bank Kroo has barred its customers from … Read more
