Author: CryptooTimes
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 link
Nexo announced an integration with The Tie to enhance its platform with real-time analytics for its users. The integration allows Nexo users to access various indicators, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The action aligns with Nexo’s goal of making data accessible to all and enhancing the trading experience for users. Elitsa Taskova, Nexo’s Chief Product Officer, emphasized the importance of equipping users with tools to understand market dynamics, given the $4.29 trillion trading volume on centralized exchanges in the first quarter of 2024. “This integration brings institutional-grade analytics to the…
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes. Source link
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 link
Russians are increasingly seeking new crypto platforms following Binance’s exit from the market, according to the Bank of Russia. Binance‘s departure from Russia has led to a drastic shift in web traffic as Russians started seeking new alternatives, according to the latest research report from the Bank of Russia. The document indicates a significant increase in crypto market activity among Russians during Q4 2023 and Q1 2024, driven by rising crypto valuations, the central bank claims. Following Binance’s departure, there has been a marked redistribution of web traffic among Russian users. Binance’s share of Russian web traffic plummeted from 47%…
The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement. Source link
In the previous model, half of the fees in a priority transaction were erased while the other half went to the validators. This created a situation where validators were said to be making “side deals” with transaction submitters to get more SOL, as per proposal creator tao-stones on the Solana governance forum. Source link
Hong Kong is reportedly considering including an Ethereum staking option for the spot Ethereum exchange-traded fund (ETF) issuers. If Hong Kong’s Securities and Futures Commission (SFC) allows staking, investors in local Ethereum (ETH) ETFs could generate passive income by staking tokens on the Ethereum network to validate transactions. Staking is a process where token holders lock their crypto tokens for a specific period, earning rewards as a percentage of the staked tokens as a reward. This process is facilitated by various third-party staking services that cater to user needs. Essentially, staking is a way of earning rewards – extra money…
“I feel kinda pathetic reaching out to you this way, but what can I do,” one hopeless romantic told their ex-lover in an on-chain message. Source link
What will be the next crypto to hit $1 in 2024? With healthy trading volumes in the crypto market, savvy traders are looking for the best penny crypto to buy right now. Next Crypto to Hit $1 in 2024 Finding the next crypto to hit $1 in 2024 is not, of course, an exact science. Finding the cheapest and best crypto to buy in 2024 involves a few factors. You can check the market capitalization, price, and what problem a project is actually trying to solve when considering the best cryptocurrencies under $1. In this article, we’ve outlined a number…
