Our weekly news roundup from East Asia selects the most important developments in the industry. Hong Kong gaming company invests $100 million in cryptocurrency Boyaa Interactive International, a Hong Kong-based listed holding company specializing in online card and board games, wants to get shareholder approval to invest $100 million in cryptocurrency. According to an announcement this week, Boyaa Interactive directors will allocate $45 million of the company’s funds to Bitcoin (BTC), $45 million to Ethereum (ETH), and $10 million to exchanges such as Tether (USDT) and USD Coin (USDC). I’m trying to allocate to table coins. Commenting on the investment…
Author: Crypto Flexs
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While Bitcoin (BTC) is hovering around yearly highs, a report from CryptoQuant shows that supply on centralized exchanges is at its lowest level in six years. Whales typically transfer Bitcoin to a centralized exchange for offloading. As they accumulate, they move away from centralized exchanges and into self-custodial solutions. Therefore, low supply on centralized exchanges is generally considered a bullish signal for cryptocurrency assets. This may indicate that investors have no intention of selling their assets anytime soon. However, there are other factors that investors should pay attention to. Bitcoin (BTC) Could Surpass $50,000: CryptoQuant CryptoQuant community member “Papi” shared…
The Bank of England’s Financial Stability Report highlights the potential risks and growing interest in asset tokenization within the financial sector and highlights the need for global regulatory coordination. The report notes an increasingly positive response among banks to leverage cryptography technologies, including programmable ledgers and smart contracts, for the tokenization of money and real-world assets. Sarah Breeden presents key findings from the Financial Stability Report showing that the outlook for global economic growth remains uncertain. However, the Bank of England remains resilient and strong enough to continue to support households and businesses. https://t.co/oZoGXYozgq pic.twitter.com/vmc8Gv3Qny— Bank of England (@bankofengland) December…
A dormant Ethereum whale has reemerged and moved 39,260 ETH worth approximately $87.5 million. With nearly $90 million worth of ETH, according to data from Lookonchain, this Ethereum whale recently woke up and decided to move his mountain of digital assets to exchanges. The motive for this transfer is unclear, but it appears to be an attempt to profit from the 670% profit over the past five years. Ethereum Whale moves 39,260 ETH to cryptocurrency exchange The cryptocurrency market has seen another price rally over the past few days. CoinMarketCap’s Fear and Greed Index currently shows extreme greed at 81.…
Legal • December 7, 2023 4:25 PM EST Posted 1 minute ago In ~ Binance, the world’s largest cryptocurrency exchange, reportedly decided not to obtain a license to operate a collective investment fund in Abu Dhabi. The UAE-based Binance entity, called BV Investment Management, withdrew its application to the Abu Dhabi Financial Services Regulatory Authority in November. The application was withdrawn on November 7, according to the regulator’s website. “When evaluating global licensing requirements, we determined that this application was not necessary,” a Binance spokesperson told Reuters. “This action is not related to the company’s recent settlement with the U.S.…
Ethereum (ETH) rival Solana (SOL) is poised to continue its upward trend, a cryptocurrency analyst said. Pseudonym: Cryptocurrency Strategist Altcoin Sherpa says He told his 200,700 followers on social media platform “SOL: I think it’s still going to go down a bit further. Eventually FTX supply will come here and I think this move is just to entice some buyers. I’ll be patient with Solana. Note: I think this will go much higher in the future.” Source: Altcoin Sherpa/X According to Altcoin Sherpa, investors should be patient It will be using Solana as an incoming cache of SOL tokens from…
We are excited to announce that Kraken now supports deposits and withdrawals. Bullish Tether (USDT)! funding USDT funding through Optimism is already underway. You can transfer Tether (USDT) to your Kraken account by going to: fundingselect USDT Select your preferred deposit method (network) from the drop-down box. optimism. Does Optimism have USDT? ⤵️ Here’s what you need to know about assets: Tether (USDT) It was created in 2014 as the first stablecoin, a digital asset that aims to maintain consistent value. Tether is designed to be used as a means of converting cash to digital currency, and it claims that…
Shiba Inu is one of the most well-known tokens in the cryptocurrency market. The famous meme token is also one of the most speculative cryptocurrencies. Regardless of what cryptocurrency investors think, SHIB has significant market potential. SHIB’s current value is $0.000009569 (at the time of writing), a 15.66% increase over last week. Since the introduction of Shibarium, an L2 blockchain network, the value of tokens has steadily increased. It’s because of Shibarium that Shiba Inu can now render real-world use cases. If experts are to be believed, cryptocurrencies will once again benefit from Shibarium. The L2 network plans to conduct…
hello. My name is Kevin and I am a seasoned cryptocurrency enthusiast who prefers trading at the platinum level. Based on the insights I shared, “Kevin’s Macro Perspective: Thriving in Cryptocurrency Spring,” I’m excited to explore Solana, a project that has played a pivotal role in my cryptocurrency journey. Through my in-depth analysis of “Solana: Past, Present, Future with Anatoly Yakovenko,” I gained profound insight into Solana’s trajectory and its potential in the cryptocurrency world. Solana’s Beginning: Paradigm Shift Solana visionary Anatoly Yakovenko introduced an innovation that surprised me: the Proof of History (PoH) consensus mechanism. This is not simply…
Recently, four U.S. Senators Bob Casey (D-PA), Richard Blumenthal (D-CT), John Fetterman (D-PA), and Kirsten Gillibrand (D-NY) spoke deeply about the use of artificial intelligence (AI). expressed concerns. ) Scam targeting older Americans. They wrote a letter to Federal Trade Commission (FTC) Chair Lina Khan requesting more information about the FTC’s efforts to track and combat these AI-based frauds. FTC Efforts and Inquiries The senators highlighted the growing role of AI in fraud and fraud, particularly the fact that victims are often unaware that they are being targeted by AI due to its realistic nature. They emphasized that it is…