Day: September 1, 2023

Honor Launches into International Market with Its Magic V2 Foldable Smartphone

Despite its slender battery, the company claims that the Magic V2 can deliver approximately 14 hours of continuous video playback when unfolded. Honor has introduced its flagship foldable smartphone, the “Honor Magic V2”, as part of its strategy to enter the international market, particularly in Europe and other regions, by the first quarter of 2024. Formerly a subsidiary of Huawei, Honor was sold to investors, becoming an independent company after its former mother company had a series of sanctions in the United States. Subsequently, Huawei’s access to crucial technology was…

Bitwise Pulls Plug on Bitcoin and Ethereum Market Cap ETF Application

With the Bitwise ETF application gone, the crypto community is now awaiting the SEC’s decision on the remaining applications by WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Fidelity. In a surprising move, Bitwise, an asset management company based in San Francisco, has decided to withdraw its application for the Bitcoin (BTC) and Ethereum (ETH) Market Cap Weight Strategy Exchange-traded fund (ETF) filed with the United States Securities and Exchange Commission (SEC) last month. The decision by Bitwise comes as a surprise, especially given the recent optimistic sentiment surrounding Grayscale’s victory against…

Bitcoin Price Prediction For September 2023: What To Expect

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After a short-lived rally above $28,000 this week following Grayscale’s landmark court case victory against the US Securities and Exchange Commission (SEC) over the conversion of GBTC into a spot ETF, the price of BTC has once again settled around the $26,000 mark. This comes after yesterdays’ SEC’s decision to postpone all Bitcoin spot ETF decisions for 45 days. Renowned crypto analyst, Rekt Capital, has weighed in on the situation with a series of tweets that provide insight into Bitcoin’s potential trajectory for the upcoming month. As the analyst remarks,…

Bitcoin risks ‘swift’ $23K dive after BTC price loses 11% in August

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Bitcoin (BTC) is headed for a long-term support retest, data suggests, after BTC price action fell into the August monthly close. BTC/USD 1-hour chart. Source: TradingView BTC price: Roads point to $23,000 Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Cointelegraph Markets Pro and TradingView shows. Market participants had seen cause for bullishness into the close, with Bitcoin holding a key long-term trendline and preserving $27,000. A decision by the United States Securities and Exchange Commission (SEC) to delay a slew of…

Borroe takes the lead amidst Crypto’s turbulence

The second half of 2023 began positively, but market sentiment soured by the end of July, leading to widespread coin losses that extended into early August. Despite this trend, Borroe (ROE) grew in July. Then, the project sold 25 million tokens in its beta stage, raising $250,000, as ROE’s prices rose 25% in five days.  So far, Borroe has raised over $500,000, and ROE is considered one of the top crypto coins to explore. Exploring Borroe Borroe aims to resolve fundraising challenges faced by web3 enterprises. The particulars of the Web3…

HashKey Capital Launches $100M Altcoin-Focused Liquid Fund

Taking advantage of this environment, HashKey Exchange became the first crypto firm in the city to obtain a license under the new licensing regime last month. HashKey Capital, the investment arm of Hong Kong-based financial services firm HashKey Group, has announced the launch of a secondary market crypto fund focused on investment in altcoins. The firm, which has over $1 billion in assets under management (AUM) and recently closed its third venture fund at $500 million, is looking to raise $100 million for the new fund over the next 12-month…

China court declares virtual assets as legal properties protected by law: Report

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People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil, administrative, and cases that involve economic disputes. The report titled “Identification of the Property Attributes of Virtual Currency and Disposal of Property Involved in the Case,” acknowledged that virtual assets have economic attributes and thus can be classified as property, reported a local daily. Although China has deemed all foreign digital assets illegal by imposing a blanket ban, the report argued that virtual assets held…

FTX founder’s expert witnesses could cost up to $1.2K an hour

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As the start date of the trial of FTX co-founder Sam “SBF” Bankman-Fried approaches, new court filings indicate that SBF could pay his expert witnesses more than $1,000 an hour should they testify on his behalf. SBF may call seven expert witnesses to testify at his fraud trial, which is currently scheduled for Oct. 2, 2023. The proposed expert witnesses include Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella and Andrew Di Wu. Some of the witnesses, such as former Federal Election Commission Chairperson Bradley Smith, will…

Here’s What Bitcoin Price The Bull Market Will Start According To This Analyst

The Bitcoin price has been experiencing a series of price fluctuations for two years now. The cryptocurrency has been on a bullish threshold multiple times but has failed to hold a bullish momentum for long.  Nevertheless, a Bloomberg analyst has predicted an unfeigned bull run for BTC, but the potential uptrend comes with certain factors and conditions. Investors Prepare For Possible Bitcoin Bull Run The slow growth of Bitcoin price has left investors and crypto enthusiasts hoping for a potential bull run since its crash in 2022, which saw the…