Day: May 28, 2024

Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms

By June 1, 2024, all crypto platforms providing trading services known as virtual asset trading platforms (VATPs) in Hong Kong must be either licensed by the SFC or “deemed-to-be-licensed,” which is a temporary arrangement during the process to get fully compliant. Beyond that deadline, it would be a “criminal offence to operate in Hong Kong” in breach of anti-money laundering and counter-terrorism laws, the SFC said. Source

FanTV onboards 1 million+ new user accounts to Sui

boss

FanTV, fastest-growing socialFi dApp went live on Sui Mainnet last week Sui’s total active accounts ballooned by an impressive 2.6 million in the past week, with FanTV contributing 48% of this growth Dubai, 28 May 2024 – FanTV, a leading SocialFi platform empowering the Creator economy, announced today a major milestone of onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform. This achievement accounts for 48% of the 2.6 million wallet growth on Sui over the last week. This significant growth highlights…

Analyst Sparks Bullish Frenzy With $10 Target

boss

Polkadot (DOT) has captured the attention of investors and analysts alike with its recent upward momentum. Currently trading at $7.41, the cryptocurrency has exhibited robust performance metrics that hint at further gains on the horizon. Market analysts, including the renowned Crypto Yapper, are predicting a potential surge to $10, underpinned by strong technical indicators and bullish market sentiment. Related Reading A Solid Technical Foundation Crypto Yapper’s analysis highlights a critical breakout from a consolidation pattern, with Polkadot successfully retesting its previous resistance levels, now acting as support. DOT has broken…

Notcoin rises over 58% as community backs project in X poll

Notcoin (NOT) has experienced a significant surge, climbing by over 58% in the past 24 hours to reach $0.009165. The latest rise has boosted Notcoin’s market cap to over $941 million, reflecting a 55.72% rise and placing it at number 94 in the cryptocurrency market cap ranking per data from CoinMarketcCap. NOT 24-hour price chart | Source: CoinMarketCap The price spike follows a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin, capturing 86.2% of the 29,711 votes cast in a recent social media poll. The project’s team posted…

Spot BTC ETFs recorded $0 inflows, Bitcoin price drops

boss

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have recorded $0 net inflows for the fourth time since their launch in January. According to data provided by Farside Investors, spot BTC ETFs stood still on May 27 as the broader crypto market faced correction. Notably, this is also the first time in the past two weeks that Bitcoin ETFs recorded no inflows. Data shows that the BTC ETFs registered over $2 billion in net inflows between May 13 and 24. The total net inflows in the first two weeks…

One-Third of U.S. Voters Say They’ll Weigh Candidates’ Crypto Views Before Voting: Poll

Almost everybody – all but 2% – had at least heard of bitcoin (BTC). A wide segment of voters claimed they’re also familiar with Ethereum’s ether (ETH), with less than half (46%) saying they’d never heard of it. About 17% of voters say they’ve invested in bitcoin, putting that asset nearly as high as those who say they have bonds, and significantly higher than those who invest in exchange-traded funds (ETFs). Source