Hong Kong to launch Asia’s first inverse Bitcoin ETF

Italy’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamming Bitcoin and Ethereum as “unbacked” cryptocurrencies.

Bitcoin (BTC) could see further downward price pressure this week as network difficulty is set to drop the most in five months.Data from data resource BTC.com estimates that difficulty will drop by 8.3% at the next automatic readjustment in four days’ time.Difficulty set to repeat June readjustmentThe mining difficulty is an essential measure of the…

The Financial Services Commission (FSC) of the Republic of Mauritius has released a draft regulatory framework for crypto custodian services, according to an official document posted on Nov. 5.According to the announcement, the island country aims to establish regulation for custodian services for digital assets in order to enable users of crypto custodian services to…

Waves Enterprise and Conflux Network are working together to enable companies in Asia to adopt hybrid blockchain data storage protocols. 1496 Total views 10 Total shares Corporate blockchain solutions provider Waves Enterprises has partnered with Chinese decentralized ledger technology (DLT) startup Conflux Network to boost hybrid data transactions in permissioned networks. The collaboration, announced on…

The new lead plans on hiring for the Bluesky team and “partnering closely with Twitter and other companies” as part of the next steps towards fulfilling the decentralized social media plan. 467 Total views 2 Total shares Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized…

China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure.On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.The blockchain-based identification system will assign a…

Over the last year, decentralized finance has been the hottest topic of discussion in the crypto world, pushing the entire industry to new heights, developing innovative applications for the technology, and making financial services more accessible. It intends to place economic infrastructure back in the hands of the people, and just like how TCP/IP facilitated the…

Execs from Immutable X and Microsoft appear to have hinted that the software giant could also be teaming up with GameStop for NFT games. 516 Total views 5 Total shares The stock price of popular video game store chain GameStop (GME) surged roughly 13% in one day amid rumors circulating online regarding a partnership with…

Decentralized finance (DeFi) platform Uniswap’s governance protocol token UNI went live on Ethereum earlier today. The community showed immediate support for the new token with Uniswap’s Twitter announcement garnering over 1.2 thousand likes in the first 90 minutes.150 million UNI, or 15% of the token's supply, is now available to be claimed by anyone who…