Day: October 28, 2024

Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report

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The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15. The index will aim to provide a reliable benchmark for the pricing of Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone while solving the price differences between the different global exchanges. According to HKEX, the index will be based…

Pepe Battles Price Decline, But Analysts See Potential Rally Ahead

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

StoneX Expands Operations in India, Joins International Bullion Exchange

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StoneX Group is expanding its services in India with International Bullion Exchange (IIBX) membership and the opening of new offices in the region. According to a report by the firm, StoneX has experienced significant growth since its entry into the Indian market in 2019, now employing over 550 staff in the country as part of a global workforce exceeding 4,300 employees. Expansion in India Commenting about the expansion plan, Greg Kallinikos, APAC CEO at StoneX, said: “India has consistently been at the forefront of technological innovation across various sectors, making…

Analyst Says 80-90% Correction Is Over With 100% Jump Imminent

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Este artículo también está disponible en español. The Cardano price has faced severe downward pressure compared to other cryptocurrencies in the past few weeks. ADA recently started a fresh drop below the $0.3550 zone and is now down by about 15% in the past 30 days.  This lackluster performance has kept many ADA holders in the red zone, with unrealized losses mounting as the price continues to struggle. As a result, it is only natural for many to keep selling to reduce their losses, which in turn could cause the…

UAE, Argentina and Ethiopia begin state-backed Bitcoin mining

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Three of the newest members of BRICS—Argentina, the UAE, and Ethiopia—have begun mining Bitcoin using government resources, according to Matthew Sigel, Head of Digital Assets Research at investment firm VanEck.  This move highlights an emerging trend among BRICS nations toward exploring digital assets for economic resilience and financial independence. The BRICS coalition, which now includes six additional nations, has a combined GDP larger than that of the G7, according to Sigel in an interview with CNBC. Recent developments suggest a shift away from traditional Western financial systems. Three of the…

Emory University is first endowment to hold Bitcoin ETF

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Emory University, based in Atlanta, Georgia, is the latest institution to report it holds a position in a Bitcoin spot exchange-traded fund The university disclosed it holds $15.1 million worth of spot Bitcoin (BTC) ETF in a filing with the U.S. Securities and Exchange Commission. Specifically, Emory revealed it added shares of the Grayscale Bitcoin Mini Trust to its portfolio. The university also holds 4,312 shares of Coinbase, the largest U.S.-based crypto exchange, valued at approximately $922,639 at the time of the university’s 13F filing. First endowment to report spot…

FTX’s $228M Settlement WIth Bybit Brings Conclusion of Epic Liquidation Closer

“We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” the bankrupt FTX’s liquidation CEO John Ray said in a statement when the final plan, which was based on a recovery of as much as $16.3 billion in assets, was announced in May. “I want to thank all the customers and creditors of FTX for their patience throughout this process.” Source