Hong Kong Regulator Plans to Create Consultative Panel for Licensed Crypto Exchanges
Reading Time: < 1 minute The SFC of Hong Kong will be creating a consultative panel for licensed cryptocurrency exchanges in 2020, according to Eric Yip, the executive director of intermediaries at the SFC.
Circle Teams Up with HKT to Cooperate in Blockchain Tech Solutions
Reading Time: < 1 minute Circle and HKT, a leading telecommunications provider in Hong Kong, have announced a Memorandum of Understanding to explore potential partnerships using blockchain technology.
US Accuses Crypto Exchange Operator of Laundering Silk Road Money
Reading Time: < 1 minute The operator of crypto exchange AurumXchange, Maximiliano Pilipis, has been charged with money laundering.
Netherlands Begins Consultation on Crypto Bill
Reading Time: < 1 minute The Netherlands has initiated a consultation process for a proposed bill that would require crypto services to share user data with tax authorities, in accordance with the European Union’s DAC8 directive.
Hong Kong Plans to Extend Tax Concessions for Crypto
Reading Time: < 1 minute The government plans to extend current tax concessions offered to privately offered funds and family offices to include crypto investments.
Bitstamp Wins a Trading Facility License from European Regulator
Reading Time: < 1 minute Crypto exchange Bitstamp has been granted a MTF license by the Securities Market Agency in Slovenia.
Tether Proposes to Launch Boron-backed Tokens to Turkey
Reading Time: < 1 minute Tether has suggested to the Turkish government the creation of tokens that represent borate minerals.
South Korea Plans to Regulate Cross-Border Crypto Transactions
Reading Time: < 1 minute The finance ministry of South Korea has announced plans to implement regulations on the trading of virtual assets across borders, such as cryptocurrency.
Standard Chartered: Bitcoin Will Reach $73K on US Election Day
Reading Time: < 1 minute According to Standard Chartered Global Head of Digital Assets Research, Geoff Kendrick, Bitcoin’s all-time high of over $73,000 could be reached on Nov. 5, coinciding with the US presidential election.
Number of Bitcoin Whales Soars to 2021 Levels
Reading Time: < 1 minute The number of whales or network entities who hold at least 1,000 BTC has risen to 1,678 this week, marking the highest number since January 2021.
Denmark Intends to Tax Unrealized Crypto Gains
Reading Time: < 1 minute The Danish Tax Law Council has proposed a mark-to-market taxation method for cryptocurrency assets in a recent report. Their suggestion will soon be followed by a legislative proposal.
Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minute The individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
SEC Includes Crypto in its Examination Priorities for 2025
Reading Time: < 1 minute The US Securities and Exchange Commission (SEC) has once again included cryptocurrency assets as part of its 2025 examination priorities.
Komainu to Acquire Custody Firm Propine
Reading Time: < 1 minute Komainu, a company providing digital asset custody services, has set its sights on acquiring Propine Holdings, the parent company of local custody provider Propine Technologies, based in Singapore.
Tesla Did Not Get Rid of its Bitcoins
Reading Time: < 1 minute According to blockchain analytics firm Arkham Intelligence, Tesla currently still holds its entire Bitcoin stash, valued at $780 million, despite recently transferring the funds to unidentified wallets on Oct. 15.
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minute The latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
Weekly Inflows into Crypto Products Reach $2.2B
Reading Time: < 1 minute Asset management firms such as BlackRock, Bitwise, Grayscale, ProShares, and 21Shares experienced significant net inflows of $2.2 billion last week, the highest since July.
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minute Since Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minute The team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
SEC Approves NYSE and Cboe Spot Bitcoin ETFs Listing
Reading Time: < 1 minute The Securities and Exchange Commission (SEC) has approved NYSE American LLC and Cboe Exchange, Inc. to list and trade options on various Bitcoin exchange-traded funds.
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minute In a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments
Reading Time: 2 minutes Zug, Switzerland, 19th October 2024, Chainwire
Market Update October 18
Reading Time: < 1 minute The cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
Worldcoin Rebrands to World
Reading Time: < 1 minute Worldcoin is undergoing a rebranding process and will now be known as World Network, or simply World.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minute The US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.