News

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  Swiss National Bank Hesitant on Bitcoin Reserves Amid Environmental Concerns

  Despite a campaign advocating for Bitcoin, the Swiss National Bank remains skeptical due to energy consumption and liquidity concerns. Chairman Thomas Jordan highlighted the potential downsides during the annual general meeting.

  27 April 2024
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  Surge in Canadian Institutional Crypto Adoption: 39% Now Hold Digital Assets

  A recent KPMG and CAASA survey shows that 39% of Canadian institutional investors are now exposed to crypto assets, up from 31% in 2021. The growth is fueled by economic concerns and regulatory advancements.

  26 April 2024
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  Nigeria Targets Major Crypto Exchanges in Latest Financial Crackdown

  In a significant move, Nigeria’s Central Bank has mandated financial entities to keep a close watch on crypto transactions and impose severe sanctions for non-compliance. The crackdown affects top exchanges like Binance and Bybit.

  25 April 2024
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  NYSE Explores 24/7 Trading to Compete with Crypto Markets

  Amid rising interest in nonstop trading, the NYSE surveys stakeholders about the feasibility of round-the-clock trading. The move comes as platforms like Robinhood already offer 24-hour trading.

  23 April 2024
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  Angola Bans Crypto Mining Amid Energy Security Concerns

  As of April 10, Angola has outlawed crypto mining to protect its national energy resources. The Chinese Embassy cautioned its citizens about the harsh penalties for engaging in mining activities.

  22 April 2024
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  Hong Kong Breaks Ground with First Bitcoin ETF Approval Amidst China's Crypto Crackdown

  Despite China's crypto ban, Hong Kong is embracing cryptocurrencies! While China tightens its grip on crypto, Hong Kong takes a different path. The city has approved the launch of the first Bitcoin ETF, signaling its commitment to crypto innovation. Learn more about this significant development

  19 April 2024
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  China's Crypto Ban Limits Access to Hong Kong's Bitcoin, Ethereum ETFs

  China's crypto ban prevents mainland investors from accessing Hong Kong's Bitcoin and Ethereum ETFs. Analysts, including Eric Balchunas, question the potential market influence of these new investment vehicles.

  18 April 2024
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  Goldman Sachs: Bitcoin ETFs to Shape BTC Price More Than Halving

  With Bitcoin's price soaring, Goldman Sachs emphasizes the role of Bitcoin ETFs in shaping its future. The upcoming halving might not have the same impact as in previous cycles, experts caution.

  18 April 2024
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  Elon Musk's xAI Seeks $4 Billion Funding to Challenge OpenAI

  xAI, Elon Musk’s AI venture, targets $4 billion in funding and an $18 billion valuation. The company is aggressively reaching out to Silicon Valley investors to secure its place in the competitive AI landscape.

  14 April 2024
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  Goldman Sachs Reports Growing Institutional Appetite for Bitcoin

  Goldman Sachs' head of digital assets, Mathew McDermott, notes a significant increase in institutional interest in cryptocurrencies. Bitcoin's price action has been driven by retail investors, but institutions are now entering the market.

  11 April 2024