Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction
The exchange-traded funds only managed to attract around $22.5 million inflows during their first week of launch. Source link
Hong Kong Bitcoin ETF launch in ‘top 20%,’ STRK scam suspect busted: Asia Express
The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express. Source link
Binance Wallet announces support for Bitcoin Atomical ARC-20 assets
The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs. Source link
Bitcoin ecosystem reinvigorated by memecoins, new protocols
The Bitcoin ecosystem has witnessed a dramatic recovery as the market cap of BRC-20 tokens surpassed $4 billion shortly after their invention in January. According to a Dec. 15 research report by cryptocurrency exchange Bitget seen by Cointelegraph, Bitcoin (BTC) miners’ earnings from on-chain fees have surged from 1.7% in August to 19.57% by November.…
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Developers of Bitcoin sidechain MVC prepare for BRC-20 DEX launch
Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024. In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets,…
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Jack Dorsey’s Block Inc. launches self-custody Bitcoin wallet
Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet. Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a mobile key, a…
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Bitcoin custodian Nostr Assets pauses deposits after reaching ‘maximum capacity’
Bitcoin infrastructure developer Nostr Assets has paused deposits following record-high user activity. According to a Dec. 5 announcement posted on Telegram, Nostr Assets developers warned, “Please await further announcements and do not attempt to deposit into NostrAssets for the time being.” The service, which allows users to transact Satoshis, or or 1/100 millionth of a…
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El Salvador’s Bitcoin portfolio swings to profit
According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware…
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Interactive Brokers opens Hong Kong retail crypto trading with OSL
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors…
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No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of…
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