Category Archives: Cryptocurrency News

Hong Kong regulator prepares to approve spot Bitcoin ETFs

Hong Kong’s Securities and Futures Commission (SFC) is assessing the prospects of allowing retail investors access to spot cryptocurrency ETFs once the regulatory framework is finalized. SFC Chair Julia Leung, who took up her role on 1 January 2023, said the regulator welcomes the use of emerging technologies as they improve efficiency and improve customer service. Therefore, the regulator may approve the launch of spot Bitcoin ETFs if the associated risks are eliminated, Leung emphasized.…

OpenSea cuts half of its staff

The management of the OpenSea marketplace, which previously occupied the lion’s share of the non-fungible tokens (NFT) market, announced a sharp change in course and the layoff of half of its employees. According to OpenSea co-founder and CEO Devin Finzer, the company is “refocusing and creating OpenSea 2.0.” The new course aims to update the platform in terms of technology, reliability, speed, quality and user experience. As part of the reorientation, the company will lay…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Galaxy Digital: Bitcoin could rise sharply after breaking $36,000

Bitcoin could see a sharp increase in value as soon as it crosses the $36,000 mark, according to the sentiment of options market participants. Options are contracts that offer the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price. As the price of Bitcoin has risen, the demand for options has increased. According to data from Galaxy Digital and Amberdata, market makers have become profitable as…

UN: 67% of mining electricity comes from non-renewable sources

A study conducted by United Nations experts indicates a direct relationship between electricity consumption, hydrocarbon emissions and the value of the first cryptocurrency. UN specialists conducted a study of the level of electricity consumption and environmental pollution based on data from 76 countries where mining of digital assets actively developed from 2020 to 2021. The study showed: when the BTC reached its historical maximum of $69,000, electricity consumption by mining companies increased many times and…

VanEck: Solana cryptocurrency can grow by 10600%

Analysts at the VanEck management company believe that the Solana blockchain will become the first network to reach 100 million users, and the value of its SOL coin will increase from $32 to $3,211 by 2030. Experts say that Solana is becoming Ethereum’s strongest competitor and may well surpass the second cryptocurrency in terms of capitalization. At the same time, in the future, the Solana network is able to distance itself from Ethereum in order…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Searches for “buy Bitcoin” have increased worldwide

According to the resource Cryptogambling.tv, after the recent rise in the Bitcoin rate by 18%, there is an increase in the popularity of search queries “buy Bitcoin” around the world. The greatest increase in interest occurred in the UK – the number of search queries for “buy bitcoin” over the past 7 days in the country has increased by 826%. “The huge surge in such requests in the UK, coupled with the rise in cryptocurrency…

SEC fines BlackRock $2.5 million for inaccurate information

Investment firm BlackRock has settled a lawsuit by the US Securities and Exchange Commission (SEC), which accused it of providing inaccurate information. BlackRock paid a fine of $2.5 million. According to the regulator’s charges, between 2015 and 2019, BlackRock’s Multi-Sector Income Trust (BIT) invested in the film company Aviron Group, LLC. The department alleges that BlackRock failed to accurately describe its investments in the entertainment industry, misrepresenting Aviron as a “diversified financial services” company. BlackRock…

The PEPE team burned 6.9 trillion tokens after the scandal

Amid a scandal involving the misappropriation of crypto assets by the developers of the meme cryptocurrency PEPE, the team burned 6.9 trillion tokens worth $5.5 million. The burned tokens account for 1.6% of the total volume of PEPE. The decision to burn was made after a loud scandal at the end of this summer, when several former project participants stole funds from the team’s shared wallet and then left the project. They managed to gain…