After FTX, Bitcoin is ready for the next chapter
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The Securities and Futures Commission (SFC) of Hong Kong set out business requirements for offering tokenized securities and other investment products in a circular issued on November 2. Hong Kong’s market demand for tokenized investment products combined with the...
After a five-week trial, a New York jury found Sam Bankman-Fried, founder and former CEO of FTX, guilty of all seven counts of fraud, conspiracy and money laundering. The sentencing date for this crime has not yet been set,...
Bitcoin price is facing a major hurdle near $35,250. BTC could rise towards $37,000 once it clears the $35,250 and $35,500 resistance levels. Bitcoin is aiming for a fresh move above the $36,000 resistance area. The price is trading...
Who won and lost the most in Sam Bankman Fried’s criminal scheme?
Blockchain-based startups continue to raise funding during the current bear market, with Meta Mask partner Blocked raising $33 million in October. However, overall funding in the cryptocurrency industry has fallen to levels last seen in 2020, with $2.1 billion...
Coinbase Global (Nasdaq: COIN) managed to beat market estimates with third-quarter revenue of $674.1 million and an adjusted loss of $0.01 per share. However, shares of the cryptocurrency exchange fell nearly 5 percent due to the failure of overall...
Last week, Ethereum (ETH) attracted the attention of many investors as it gradually approached the $1,900 price area. Similar to many assets benefiting from a Bitcoin-fueled market rally, ETH, also known as Ether, has risen 5.85% in the past...
Tier 1 cryptocurrencies and DeFi tokens rose this week with Bitcoin and Ether cutting sideways.
Decentralized Finance (DeFi) may hold huge potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles to onboard new users – both individuals and institutions – due to limitations on the user experience side. Despite...