• Hong Kong’s Securities and Futures Commission (SFC) has taken a new approach to regulating the crypto industry. • This could attract more capital to digital assets in the ecosystem, positioning Asia at the forefront of the next digital asset revolution. • Asian exchanges have benefited most from 2021 bull run, but have lagged behind …
Crypto in Asia: HK SFC Takes New Approach to Open Doors for Trading Read More »
• Hartvigsen has used the on-chain analysis tools to examine the altcoin holdings of the 20 largest crypto funds. • Jump Trading is identified as the largest crypto VC with a total balance of $3.8 billion, mainly in Ethereum ($3.25 billion). • Wintermute and Paradigma follow in second and third place respectively, with their largest …
Jump Trading Leads Crypto VCs with $3.8B in Ethereum Read More »
• LocalBitcoins, a popular peer-to-peer crypto trading platform, has announced the discontinuation of its service. • The company cited the persistent downside pressure in the crypto market as a cause of their decision. • Users still have access to their funds and wallets, but only to withdraw them; this service will be maintained for one …
LocalBitcoins Closes After 10 Years: Time to Withdraw Funds! Read More »
• In February 2021, Tesla announced its intention to sell cars using Bitcoin and invested $1.5 billion in the cryptocurrency. • By autumn of that year, the price of Bitcoin had reached historic highs of around $70,000. • However, by early 2023, Bitcoin’s value had dropped significantly and Tesla recorded a gross impairment loss of …
Tesla Loses $204 Million on Bitcoin Investment: Is a Rebound Possible? Read More »