Binance reports welcoming over 40 million new users in 2023, a 30% increase from the previous year. The report delves into specific figures, such as Binance reaching 170 million registered users by the end of 2023, offering 431 assets for trading across 1,785 pairs. The use of digital assets for payments surged, supported by an expanding network of...
Value Partners, a Hong Kong-listed company, is set on issuing blockchain tokens backed by physical gold and filing applications for crypto-related ETFs. According to local media Hong Kong Commercial Daily, the firm plans to tokenize its three tons of gold bars worth an estimated $201 million at current prices. Value Partners already offers the only Hong Kong gold ETF...
Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of discussions in 2023 were positive. According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community...
The crypto market has started consolidating in the week between Christmas and New Years Day, after registering significant growth over the past month. According to data provided by CoinGecko, the leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have historically witnessed sideways movements with less bearish momentum at the start of the holidays in 2021 and 2022. The...
Binance founder and former CEO Changpeng Zhao saw his net worth grow by a whopping $25 billion in 2023 despite market challenges and Binance’s regulatory troubles. This year came with its unique challenges and market volatility. However, amid the issues, the market leveraged an opportunity to recover from the losses of the previous year triggered by...
Hong Kong authorities have proposed accepting and regulating fiat-pegged stablecoins (FRS). According to the document, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) will allow retail investors to purchase stablecoins, but note that their issuers must obtain a special local HKMA license. To obtain a license, companies must fully support all...
Bitzlato has suspended the withdrawal of Bitcoins (BTC) from the platform indefinitely amid legal problems in France. On Dec. 27, the crypto exchange platform Bitzlato announced the suspension of special balance withdrawals and technical customer support. The administration called it a “temporary measure” to prepare for upcoming court hearings regarding the seized assets of users in France. At the...
Michael Saylor’s MicroStrategy now holds some 189,150 Bitcoin worth over $8 billion as of Dec. 27. MicroStrategy bought an additional 14,620 Bitcoin (BTC) at an average price of $42,110 per coin, according to Michael Saylor, who founded the company back in 1989. Saylor’s firm spent $615.7 million acquiring its latest BTC purchase. The company started buying BTC in 2020...
A new report from The New York Times sheds light on how Chinese investors, aided by Binance, acquired a Texas mining facility. A 23-year-old Chinese national and NYU student, Jerry Yu, appears to be the majority owner of a Texas-based crypto mining facility BitRush, which was backed by $6 million in Tether (USDT) by undisclosed Chinese investors,...
If you decided to invest $100 in each BTC and ETH last Christmas, how much would they be worth today? As the market is seemingly out of a prolonged crypto winter that began in early 2022, on Christmas day, we’re witnessing a significant contrast in the value of major cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH),...
