In simpler terms, it seems that the cryptocurrency market in Hong Kong is experiencing rough waters as regulated exchanges choose to expand their businesses outside of the country due to regulatory issues. HashKey, one of the two authorized cryptocurrency platforms in Hong Kong, sought expansion beyond its borders by obtaining a license in Bermuda. This … Read more
On April 11, there was an inflow of $192 million into BlackRock’s iShares Bitcoin Trust (IBIT), as indicated by data from FactSquared Investors. The Bitcoin ETF represented by the SPOT has surpassed its rivals, boasting 266,587 Bitcoins worth over $10 billion. In comparison, Bitwise’s Bitcoin ETF attracted only $11.1 million in investments. Conversely, Grayscale’s Bitcoin … Read more
Sam Bankman-Fried is trying to overturn a court decision that found him guilty of stealing vast sums of money from FTX’s past customers, resulting in a 25-year prison sentence. In November, Bankman-Fried was found guilty of committing fraud and conspiring on seven charges in an enormous financial scam that is known as one of the … Read more
The price of Bitcoin (BTC) hovers around $70,670, remaining relatively stable, as funds transfer out of the Grayscale Bitcoin Trust (GBTC) at an ongoing pace. Approximately $124.9 million was withdrawn from GBTC this week, whereas FBTC received about $4.6 million and BITB gained $11.1 million. In contrast, IBIT from BlackRock recorded an inflow of approximately … Read more
Solana’s blockchain is experiencing heavy traffic, causing transactions to process more slowly and increasing the likelihood of dropped transactions. This negatively impacts user experience. In response, Anza, the creator of one of Solana’s Agave validator client, has introduced potential solutions to this issue in version 1.18.11 of their devnet (development network). Solana testnet validators: The … Read more