Ethereum price corrected gains from the $1,750 zone against the US dollar. ETH is holding the key $1,620 support and might start a fresh rally. Ethereum is correcting gains from the $1,755 high. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,690 on […]

Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in the East Asian region, which has mainly suffered from a China-wide ban on trading activities since 2019. Cryptocurrency value received in East Asia amounted to just 8.8% of the world between July 2022 and June 2023, according to an Oct. 2 report from Chainalysis, […]

Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance. Ethereum is attempting a fresh increase above the $1,720 level. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with resistance near $1,750 on the hourly chart […]

Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank.  In a press release, UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different types of real-world assets (RWA) to […]

Bankrupt South Korean yield platform Haru Invest has said it will return users’ assets, although no particular timeframe was given. In a Q&A published on Oct. 2, Hugo Lee, Haru Invest’s CEO, said the firm has a plan for “phased asset recovery and distribution” in several rounds through the disposition of recovered assets. Lee wrote:  “To note, however, as legal procedures including […]

On 2 October 2023, Peter Schiff, the Chief Executive Officer of Euro Pacific Capital, issued a warning about what he believes to be the early stages of the largest bond market crash in the history of the United States. The statement was made on social media platform X, which was formerly known as Twitter. Schiff also holds multiple positions in […]

Cryptocurrency trading firm and liquidity provider GSR’s Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license.  “GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards a full license,” the firm said in its Oct. […]

Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” the indicator has crossed into […]

Following the approval of the first Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is looking to convert its Grayscale Ethereum Trust to a spot Ether exchange-traded fund (ETF).  The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. Grayscale’s existing trust invested in Ether futures contracts as […]