Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong as the Chinese special administrative region considers new licensing and regulatory moves that would allow it to serve retail customers. The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the exchange to expand its services to the city. Huobi […]

Bitcoin (BTC) rose more than 11% last week and is trading near the pivotal resistance at $25,000. Monitoring resource Material Indicators highlighted in its latest update that large volume traders were “thinning” overhead resistance, which could spark a rally. As the prices rise, retail traders may get sucked in and the whales could use this opportunity to sell their positions […]

The consequences of the FTX scandal at the hands of its founder and former CEO, Sam “SBF” Bankman-Fried, continue to surface.  On Feb. 17, it was reported that bankrupt crypto lender BlockFi has appealed to the United States Bankruptcy Court in Wilmington, Delaware to strip the Chapter 11 bankruptcy protections from SBF’s offshore investment vehicle. Emergent Fidelity Technologies Ltd. was […]

A fake website of the popular Ethereum Denver conference is the latest phishing target of a red-flagged smart contract that has stolen over $300,000 worth of Ether (ETH). The popular conference saw its website duplicated by hackers this week in order to trick users into connecting their MetaMask wallets. According to Blockfence, which identified the fraudulent website, the smart contract […]

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu (SHIB), recently wrote his learnings over the past year regarding the Shiba Inu ($SHIB) ecosystem, and in particular, Shibarium, a layer 2 blockchain designed at addressing the shortcomings of the $SHIB token’s host chain Ethereum, namely low speed and high transaction cost. Here is what Binance Academy says about Shiba Inu ($SHIB): “Shiba Inu (SHIB) […]

Ethereum price (ETH) has been moving sideways and has now crossed the $1,700 resistance level. Long-term analysis of the Ethereum price: bullish Bullish momentum has reached a high of $1,715 at the time of writing. Buyers have not been able to keep the price above the recent high. The last time ETH was rejected was at its high of $1,734. […]

A new study by Decta highlighted the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some key drivers for a seamless customer experience. Embedded finance is a new type of software distribution that works with financial infrastructure providers to include financial services in the ecosystems of already-existing products. […]

Hedge fund Galois Capital, one of the victims of the FTX collapse, has thrown in the towel after half of its assets got trapped in the bankrupt exchange. The fund has finally decided to shut down and return its remaining assets to investors.  On Nov. 12, 2022, the hedge fund admitted in an announcement from its official Twitter account that […]

Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U.S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin. In a Jan 13 blog, Paxos refuted claims by the SEC that BUSD is a security under federal securities laws. The response by Paxos comes after the SEC sent a Wells Notice to the firm […]