Month: May 2024

No, Hong Kong’s Crypto ETFs Aren’t Available in Mainland China

Adding some fuel to the fire was a piece in the SCMP that said these ETFs would be available to mainland traders who have Hong Kong residency and brokerage accounts. That’s certainly true, but there’s a massive caveat: it’s like saying that mainlanders with U.S. residency can open an American brokerage account and trade New York-listed stocks (which they can’t). This doesn’t mean that they are available in mainland China, as the trading, by mainlanders with Hong Kong residency, is done in Hong Kong. Source

What is it and how it works

What is the Strike app and what role does it have to play in the world of payment apps? The remittance industry is currently dominated by giants like Western Union, Euronet, Moneygram, and chiefly PayPal, which has a market share of just over 50%. While the big four continue to reign supreme, emerging blockchain-based money transfer firms may start eclipsing smaller players in the industry, thanks to cheaper charges and faster transactions.  What is the Strike app? Strike is a blockchain-based mobile payments app. It is the brainchild of the…

$50 Price Range On The Horizon

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Injective (INJ), a decentralized exchange (DEX) protocol, is stirring excitement in the cryptocurrency market with analysts predicting a potential price surge. The token has been under the watchful eye of analysts, with many anticipating a significant upward move in its value. Related Reading Technical Indicators Flash Bullish Signals For Injective Injective’s recent price action has caught the attention of market observers, specifically a bullish breakout from a falling wedge pattern. This pattern is often seen as a sign of a reversal in downtrends, and Injective’s successful breakout suggests a potential…

South Korea Adopts Crypto Staking as Competition Intensifies among Exchanges: Report

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FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.…

Bitcoin (BTC) Fails to Hold $63K, May Remain Range-Bound

Bitcoin (BTC) rose during the European morning on Monday, peaking at around $63,200, before retreating below $62,800. BTC may be again trying to rally above $64,000, of which there have been numerous instances this month, all of which have been sold off. This behavior, along with transaction numbers plummeting, points toward a consolidation in the market and the possibility of bitcoin being range-bound for the time being. At the time of writing, bitcoin is 2.34% higher in the last 24 hours at $62,543. The CoinDesk 20 Index (CD20), which measures…

Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces flare gas-powered bitcoin mining site in Argentina. Argentine Authorities Crack Down on $1.25 Million […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000

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Crypto analyst Ali Martinez has highlighted what needs to happen for Bitcoin to climb to $76,000. If that doesn’t happen, he noted that the flagship crypto risks dropping significantly to levels not seen since the start of the year.  How Bitcoin Could Rise To $76,000 Martinez mentioned in an X (formerly Twitter) post that Bitcoin will likely rise to $76,610 if it can reclaim $64,290 as support. However, if it fails to climb above $64,290, the crypto analyst added that Bitcoin might retest support at $51,970. Martinez drew this conclusion…