Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have partnered to establish a joint venture (JV) focused on issuing a Hong Kong dollar-backed stablecoin. The JV intends to apply for a license under the Hong Kong Monetary Authority’s (HKMA) new regulatory framework. HKD-Backed Stablecoin According to the official press release, […]
The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024, according to a recent report by crypto tax and portfolio tracking platform CoinLedger. The study analyzed data from more than half a million users, highlighting key trends in the digital asset market, including top-performing tokens and the impact of regulatory changes on trading […]
The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of […]
On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on […]
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing […]
Forget $100,000 – one analyst expects Bitcoin will reach $150,000 by year’s end. This prediction is drawing attention, especially since Bitcoin has been volatile in recent weeks. With all this renewed excitement, investors are looking for ways to participate in the potential Bitcoin rally – such as a new presale project, BTC Bull Token, that’s […]
Pi Network’s long-awaited mainnet launch has been anything but smooth. Its native PI token is down over 80% from its initial trading price despite years of anticipation from mobile miners who helped grow the network. While Pi Network struggles, one analyst suggests investors should look to Solaxy instead – a Layer-2 project that’s raised over […]
Data from Santiment shows that Kaito (KAITO), Sei (SEI), YAP (YAP), and Grok (GROK) are leading the discussions on platforms such as X, Reddit, Telegram, 4Chan, Farcaster, and Bitcointalk. This heightened enthusiasm coincides with steady growth in overall crypto market capitalization. KAITO, SEI, and GROK’s Popularity According to Santiment’s February 21 report, KAITO, the native […]
The broader crypto market is facing a downturn, but some projects are still recording significant network activity. One such asset is Ondo (ONDO), the native token of the Ondo ecosystem. It is a decentralized finance (DeFi) network that leverages blockchain technology to tokenize real-world assets (RWAs). ONDO Dominates RWAs Space According to a tweet by […]
TL;DR Although the landscape around the entire crypto market and meme coins, in particular, seems quite gloomy recently, DOGE still has a chance for a major rally and a new all-time high, said Ali Martinez. However, it’s essential for the OG meme to remain above a certain support, which has historically led to impressive runs. […]