Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future. Hong Kong is home to over 1,100 fintech companies. This includes 175 blockchain application or software firms and 111 digital asset and cryptocurrency companies, which marked…
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A new bill set to be introduced in Congress aims to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation’s financial strategy. Trump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a…
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Newly revealed court documents show that FTX secretly liquidated $1.53 billion in Three Arrows Capital (3AC) assets just two weeks before the hedge fund collapsed in 2022. The disclosure challenged previous narratives that 3AC’s downfall was solely market-driven. Once valued at over $10 billion, 3AC collapsed in mid-2022 after a series of leveraged directional trades…
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The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for a fourth straight week. “Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific…
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Bitcoin (BTC) speculators have secured losses of over $100 million in just six weeks thanks to panic selling, new research calculates. Data from onchain analytics platform CryptoQuant reveals the true extent of recent capitulation by short-term holders (STHs). Bitcoin speculators run to the exit “in the red” Bitcoin entities hodling coins between one and three…
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Cryptocurrency exchange Gemini set a new Guinness world record by deploying 1,000 drones to form the Bitcoin logo in the sky, marking the largest-ever aerial display of a currency symbol. The event, held on March 13 in Austin, Texas, celebrated the US Strategic Bitcoin Reserve initiative. Source: Gemini Gemini’s drone show featured depictions of a…
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Industry voices warned that politically endorsed cryptocurrencies must adopt stronger investor protections and liquidity safeguards to prevent another major market collapse. Investor sentiment remains shaken after the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, suffered a $4 billion market cap wipeout due to insider cash-outs. According to blockchain analytics firm DWF…
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Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate international trade with China and India, according to a Reuters report. Russian oil companies have been using crypto assets like Bitcoin (BTC) and Tether’s USDt (USDT) to accelerate international trades, Reuters reported on March 14, citing four sources with direct knowledge of the…
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A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons. Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO’s forum in January…
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The Arkansas Cryptomining Association is suing two Arkansas state officials, arguing that they enforced an unconstitutional and discriminatory state rule prohibiting foreign-born American citizens from engaging in crypto-mining activities, among other things. The complaint was made against Arkansas Attorney General Tim Griffin and the director of the Arkansas Oil and Gas Commission, Lawrence Bengal, on…
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