Hong Kong to launch Asia’s first inverse Bitcoin ETF

The two firms will create solutions for institutional investors seeking to dive into the crypto ecosystem. Own this piece of crypto history Collect this article as NFTWith the crypto winter slowing down developments within the space, two digital asset-focused firms will work together to speed up digital asset adoption for institutions. In an announcement sent to…

The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares. South Korea’s largest cryptocurrency exchange Bithumb has been raided by the Seoul Metropolitan Police for the third time this month, according to a report in a local media outlet. During the Sep. 16 raid, police reportedly…

As the United States continues to struggle with a shortage of N95 masks needed to combat the deadly coronavirus, the Food and Drug Administration announced on April 3 that it has approved the use of KN95 masks in the country.Unlike N95 masks that are tested and certified by the National Institute for Occupational Safety and…

Industry representatives call the authorities not to go beyond the scope of the FATF Travel Rule recommendation. 174 Total views 4 Total shares Forty crypto companies cosigned an open letter to the European Parliament, European Commission and other principal E.U. institutions with a call to ensure common-sense regulation, standardized compliance procedures, and an innovation-friendly business…

Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies. The sidechain scaling solution is positioned to improve performance beyond what is possible with layer one scaling.As announced on Feb. 20, Celer Network and the Web3 Foundation have partnered to port Celer’s State…

Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions. 135 Total views 4 Total shares Own this piece of history Collect this article as an NFTAt Tel Aviv FinTech Week 2023, Yoav Soffer, the advisor…

Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry. 1310 Total views 10 Total shares An Indian cryptocurrency ban would have grave implications for the future of the country’s economy, and would result in currency devaluation “of the worst form,” says blockchain…

Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to support its crypto custody service for institutional customers and fiduciaries.The funding round was led by San Francisco-based venture capital firm Initialized Capital, with the participation of financial services giant Fidelity and venture firm iNovia, Canadian technology-focused news outlet BetaKit reported on…

Smart contracts are immutable programs: Once a contract is deployed, it cannot be altered. This allows users to be sure that the rules by which their funds are operated will not be changed. However, the same feature makes creating secure smart contracts extremely complicated. If you create a contract with a bug or vulnerability, it…